Text: Qingli
The US think tank acknowledges that China will remain the global manufacturing center in the next 10 years, and as the world's largest auto market, the changes in the auto market have also attracted special attention from the world. According to statistics, China's automobile sales in 2020 were 25.311 million units, down 1.9% year-on-year. In 2020, the total global car sales were only 78.03 million units, down 13% year-on-year. It can be seen that China's market share has accounted for 32% of the global market, sitting firmly on the throne of the world's largest automobile market.
It can be said that for car companies, if they lose the Chinese market, this means that the consequences will be very serious. In recent years, China's automobile market has not only been continuously blessed by foreign brands, but also domestic cars have also sprung up, especially in the field of new energy vehicles.
As we all know, new energy vehicles, as a new outlet in recent years, are increasingly welcomed and favored by the market. China is also the world's largest new energy vehicle market. According to statistics, from January to November this year, China's automobile production and sales reached 23.172 million units and 23.489 million units, respectively, an increase of only 3.5% and 4.5% year-on-year. In contrast, the production and sales of new energy vehicles reached 3.023 million units and 2.99 million units respectively, an increase of 1.7 times year-on-year, which is enough to show the huge potential of China's new energy vehicle market.
When it comes to new energy vehicles, the first thing that has to be mentioned is Tesla, a giant in the field of new energy vehicles. As of December 25, Tesla's market value reached $1.07 trillion, is the world's first market value to break through the trillion US dollars of car group, in the past hundred years, traditional fuel vehicles "dominated" the global auto market, have not reached this height, who ever thought that today by a young company founded less than 20 years ago to achieve.
Global auto giants such as Volkswagen of Germany and Toyota of Japan have also had to lower their noble posture, Toyota Motor has a market value of 254.9 billion US dollars, ranking second in the world, and the german Volkswagen market value of 150.4 billion US dollars is not as good as Tesla.
And how much tesla sales in China? According to statistics, in the first three quarters of this year, Tesla achieved revenue of $9.015 billion in China, accounting for about 25% of Tesla's global revenue, making it the second largest market for Tesla after the United States. In November alone, Tesla's wholesale sales in China once again exceeded 50,000 units, reaching a dazzling result of 52,859 vehicles, which is the third consecutive month that Tesla has exceeded 50,000 monthly sales.
The above data shows that Tesla is still the biggest "winner" in China's new energy vehicle market. However, this situation is also changing, because Tesla's rapid development in China's new energy vehicle market has also forced domestic new energy vehicle giants to be angry and strong to enhance technological innovation to some extent. For example, Weilai, Xiaopeng and Ideal, as representatives of the "new forces" of car manufacturing, have achieved impressive results in recent years, and their market value once entered the top ten in the world.
And the focus here is on BYD. All along, as a giant of domestic new energy vehicle companies, BYD has not chosen to assemble cars like other new energy vehicles, but insists on its own full-chain manufacturing, and it is precisely because of this that BYD, which uses its own blade battery, has higher safety and is more popular with the market.
As of December 25, BYD's market capitalization reached 786 billion yuan, surpassing many domestic auto giants such as Great Wall, SAIC, and FAW, and becoming China's largest auto group in one fell swoop. If you look at the ranking of global car companies, BYD has rushed into the top three in the world, which is a new record, proving that domestic new energy vehicles are going global.
Up to now, BYD can be said to be a king-like existence in the domestic market. In October this year, BYD's auto sales were 88,800 units, up 90% year-on-year, of which new energy vehicle sales exceeded 80,000 units, up 262%. Tesla's sales in October this year was 54,300 vehicles, of which 40,000 were exported to foreign countries, and the domestic market sales were more than 10,000 vehicles, so it can be said that BYD has not only surpassed Tesla in domestic sales, becoming the first, and even the world's sales have squeezed out Tesla, becoming the global new energy sales champion.
In November, domestic new energy vehicles sold 366,000 units, an increase of 25.3% month-on-month, an increase of 105.3% year-on-year, accounting for 21.8% of the total passenger car market, the largest contribution of which is BYD, according to statistics, IND's new energy vehicle sales reached 90,121 units in November, an increase of 28.9% month-on-month, an increase of 252.7% year-on-year, the market share of 23%, continue to lead the new energy vehicle market, becoming the new "king" of new energy vehicle enterprises.
According to the ranking of global sales volume and market share of new energy vehicles in the first three quarters of 2021, BYD has firmly occupied the top 3 places. According to the current sales growth rate of China's auto market, it can be predicted that BYD new energy vehicles will still have a lot of room for improvement in the future.
In fact, in addition to BYD, with the continuous enhancement of China's manufacturing strength, more domestic new energy vehicle brands will rush out of the country in the future, go to the world, and even become one of the top leaders in the industry. For example, some people predict that in the future, BYD, Geely and the Great Wall will successfully break through the siege and become winners. Do you agree with this view? In the future new energy vehicle market, who will be the final winner?