The biggest contributor to BYD in 2021 is the hybrid model, which is the key to BYD's sales counterattack. Why is BYD "mixing" the best? Wang Chuanfu has been running 18 years ago, and the core technology moat is very deep and wide.
1. BYD "mixes" the best
2021 is definitely a bumper harvest year for BYD, with explosive models emerging in an endless stream, although the overall sales are not the first, but it is certainly the car company with the largest increase. With more than 730,000 vehicles in the whole year, BYD increased by 75.4% year-on-year. The sales volume of new energy vehicles was close to 600,000 units, up 231.6% year-on-year, and won the champion of China's new energy vehicle sales. Among them, the number of hybrid DM models reached 273,000 units, although it was not as high as the 321,000 units of pure electric EV models, but the year-on-year increase was as high as 467.6%. Compared with the 144.9% growth rate of pure electric models, the hybrid models that have quadrupled or five times are undoubtedly BYD's biggest contributors.
2. The hybrid market is important
Large multinational car companies in Europe and the United States, with their core technology and first-mover advantages, have eaten up the dividends of the fuel vehicle era. They now live well on the "cash cow" of fuel vehicles, look down on hybridization, and go directly to pure electricity, such as Volkswagen's full promotion of the ID. family. Japanese Toyota and Honda have long entered the field of hybrids, but because of technical routes and cost control and other reasons, Japanese hybrid models are "oil-based", pure electric endurance can not reach the minimum 50KM endurance, so it can only be on the energy-saving blue card, and can not be like the independent hybrid model on the green card, the market competitiveness is greatly reduced.
For independent car companies, the hybrid market is very important, on the one hand, it can avoid the blockade of the core technology of fuel vehicles in Europe, America and Japan, and on the other hand, it can accumulate technology for the era of electrification. Moreover, Wang Chuanfu, the founder of BYD, clearly saw as early as four or five years ago that hybrid vehicles, especially plug-in hybrid vehicles, are still the mainstream of global private car development. Therefore, independent car companies have launched self-developed hybrid technologies, such as BYD's super hybrid DM-i, Great Wall's lemon hybrid DHT, Geely's Lei Shen Zhi Qing Hi · X and so on, invariably into the hybrid market.
3. Wang Chuanfu ran for 18 years
Being able to lay out strategically and technically in advance is the key to BYD's opportunity to seize the opportunity in the field of hybrids. It is reported that as early as 2003, when Wang Chuanfu entered the automobile market, BYD invested a lot of manpower and material resources to develop hybrid technology, and launched the first generation of DM technology in 2008, which was installed on BYD's F3 DM model; in 2013, the second generation of DM technology was successfully developed and mounted on Qin DM; in 2018, the third generation of DM technology was released, installed on BYD Tang and other models; in early 2021, DM-i super hybrid technology turned out to be a subversive of fuel vehicles. DM-i blockbuster models one after another.
Qin PLUS DM-i ranked first in the A-class new energy sedan championship, and helped Qin model, once surpassed Geely Emgrand and ascended to the top of the independent car sales throne; Song PLUS DM-i is the top of the A-class plug-in SUV market, and also helped Song model to become the existence of Haval H6 in the field of SUVs; Tang DM-i boosted Tang model sales and continued to strengthen BYD's competitiveness in the B-class SUV market; and the latest listed Song Pro DM-i, BYD shot the fourth arrow on the DM-i model. On the hybrid track, BYD is the forerunner, the Great Wall and Geely are still catching up, the Macchido DHT and the Star-Over L Thor Hi · X is poised.
Compared with Geely, Great Wall, Changan and other head independent car companies, and even many multinational car companies, BYD, which started with batteries, has a deep reserve in the core technology of power batteries and new energy vehicles "three electricity". Wang Chuanfu, an engineer, led BYD from the three-electric system, IGBT chip, to blade battery, DM-i hybrid technology, e-platform 3.0, each step is preemptively stepped on the wave of new energy vehicle technology change, so THAT BYD in the new energy market to seize the opportunity. Facing the future of the era of electrified vehicles, the moat of technology-driven car company BYD is getting wider and deeper.