Text: Half asleep
Under the influence of the epidemic, the economies of all countries in the world have experienced different degrees of downturn and regression, and only China has maintained stable positive growth. The Us professional data research institute said that in the next decade, the core of the world's manufacturing industry will still be China, which is an unbreakable position. Therefore, many manufacturing companies are competing to lay out the Chinese market, hoping to get a piece of it.
According to statistics, in 2020, China's automobile sales were 25.311 million units, down 1.9% year-on-year. In 2020, the total global car sales were only 78.03 million units, a sharp decrease of 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 auto companies, if they lose the Chinese market, it means that the consequences will be very serious.
In recent years, China's auto market has not only been continuously supported by foreign brands, but also domestic cars have sprung up, especially in the field of new energy vehicles. Today, new energy vehicles have set off a boom in the automotive industry. China has given birth to many new energy vehicle manufacturers. For example, Weilai, Ideal, Xiaopeng and other Chinese automobile manufacturing industries, they are known as the "Three Musketeers".
Data show that from January to November 2021, 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 were 3.023 million units and 2.99 million units, respectively, an increase of 1.7 times year-on-year, which is enough to show that China's new energy vehicle market has great potential.
When it comes to new energy vehicles, the first thing to mention is Tesla, a giant in the field of new energy vehicles. As of now, Tesla's market value has exceeded trillion US dollars, and it is the world's first car brand with a market value of more than a trillion US dollars. At present, the market value of established brands such as Volkswagen and Toyota is not as good as Tesla.
Moreover, Tesla has been around for less than 20 years. Just because it occupies a dominant position in the field of new energy, it is unique in the global automotive market, especially in China, and has harvested many markets. Moreover, in China, Tesla has also obtained nearly 10 billion sales, accounting for 25% of Tesla's global revenue.
Data show that in the first three quarters of this year, Tesla achieved revenue of $9.015 billion in China, becoming Tesla's second largest market after the United States. By the fourth quarter, Tesla had delivered a total of 308,600 vehicles, of which 11,750 Model S and Model X were delivered, and Model 3 and Model Y deliveries were 296,850 units; at the same time, the cumulative delivery volume last year reached 936,000 units, an increase of 87% over 2020.
From the above data, it can be seen that Tesla is still the biggest "winner" in China's new energy vehicle market. However, this is also changing. Nowadays, many domestic car companies are catching up in the field of new energy and seeking technological breakthroughs in the field of new energy, and China's new energy vehicle field has also entered an unprecedented period of rapid development. A number of excellent car brands have also emerged in the market, among which BYD has performed the best.
Compared with some of the new energy vehicle companies that choose to assemble, BYD adheres to technology as the core and realizes the real independent manufacturing of the whole industry chain. It took a lot of effort to develop and finally obtained exclusive manufacturing technologies, such as blade battery technology and low fuel consumption DM-i super hybrid technology. It is under the influence of these core technologies that consumers can choose BYD new energy vehicles with more confidence.
In addition, in mid-November 2020, some institutions listed the market value ranking of automobile companies in 2020, of which BYD's ranking was unexpected. The market capitalization even surpassed the high-end car brands BMW, Mercedes-Benz and Ferrari, becoming China's largest automobile group with $64.36 billion.
As of January 8, BYD's market value has reached 717.5 billion yuan, surpassing many domestic auto giants such as Great Wall, SAIC, FAW, etc. If you look at the ranking of global car companies, BYD has rushed into the world's top three, setting a new record, and this move also proves that domestic new energy vehicles are going global.
From the perspective of sales, BYD continues to win championships in the domestic market. According to the data, in October 2021, BYD's sales reached 88,000 units, an increase of 90% year-on-year. Among them, the sales of new energy vehicles exceeded 80,000 units, an increase of 262% year-on-year. Tesla's sales in October this year were only 54,300 vehicles, of which 40,000 were exported abroad, and the domestic market sales were only more than 10,000.
Therefore, it can be said that BYD not only surpassed Tesla in domestic sales, but also surpassed Tesla in world sales, becoming the first new energy sales in the world. In addition, according to the global new energy vehicle sales and market share rankings in the first three quarters of 2021, BYD ranked in the top three. According to the current sales growth rate of China's automobile market, it is foreseeable that BYD's new energy vehicles will still have a lot of room for improvement in the future.
For BYD's market value is so high, some people are difficult to understand. In fact, in addition to factors such as industry status, profits, and revenue, the future outlook is also a factor of market concern. Nowadays, although domestic cars are gradually catching up, in the field of traditional fuel vehicles, because China lags behind European and American countries for more than half a century, it is basically difficult to achieve catch-up in this field, after all, technology needs to be accumulated.
In contrast, in the field of new energy, China is not too late to start. In order to achieve overtaking in the automotive field, there is no doubt that new energy vehicles are the biggest possibility for overtaking in the automotive field.
In addition, if 2021 is the best time for BYD, I believe that not many people will oppose it. From the perspective of market capitalization, BYD has become China's first and the world's third automobile company in 2021, and if the layout is smooth in 2022, it will become the first automobile company in China to break through the trillion market value.
In fact, in addition to BYD, with the continuous enhancement of China's manufacturing strength, more domestic new energy vehicle brands will go abroad and go to the world in the future, and even become one of the leaders in the industry. So, who do you think will be the ultimate winner of the new energy vehicle market in the future?