Forecast: Sales of new energy passenger cars will exceed 5 million units next year

At the 2022 China AutoMotive Market Development Forecast Summit, Xiong Tianbo, director of BYD's Passenger Car Industry Office, optimistically predicted that the total number of new energy passenger vehicles will reach 5-5.2 million in 2022.

In BYD's view, the growth of the new energy industry is in line with the "S-shaped curve", and 10%-15% is a rapid upward inflection point. The penetration curves of Norway, France, the United Kingdom, and Sweden also show that penetration rates of more than 10% are very worthy of attention. In 2021, the monthly penetration rate exceeded 20%, and the rapid growth of the new energy automobile industry may be opened.

To test this judgment, BYD conducted a study of 342 cities across the country. Finally, the penetration law of urban NEV was found, which took a long time to break through 5% and accelerated after breaking through 10%. In addition, independent new energy is rising, and the recognition of local brands in the exchange market is also rising sharply, which will also play a key role in the rapid penetration of new energy.

At the same time, the new energy camp is also expanding, in addition to pure electric, hybrid is also rising strongly, products are more diversified, can meet the needs of consumers in different market segments. In addition, overseas brands including Volkswagen, Toyota, and Honda are also accelerating the layout of the new energy market, and exclusive platforms and related products have been launched, which will provide a part of the increment to the new energy market.