New energy car sales soared 753% year-on-year in February When did BYD surpass Tesla?

Recently, bydir (002594), the leader of A-share new energy vehicles, announced the production and sales data for February 2022. In February, BYD sold more than 91,000 vehicles, surpassing SAIC Volkswagen for the first time, which has long been the top two car sales in China.

In addition, driven by the strong demand for new energy vehicles, BYD's sales of new energy vehicles in February exceeded 88,000 units, up 753% year-on-year from 10,400 units in the same period last year. It highlights its current status as the "boss" of domestic new energy vehicles, and the upward momentum is approaching the global new energy vehicle "boss" Tesla.

2021 new energy car sales domestic "won the championship"

According to the data of the Federation of Passenger Vehicles, in the whole month of February, the preliminary statistics of the wholesale sales of passenger cars in the narrow sense in China were 1.502 million units, with an average daily wholesale sales of 54,000 units, an increase of 31% over February last year and a decrease of 30% from January, and the overall performance was good.

As the industry's leading enterprise, BYD's performance is exceptionally eye-catching, achieving extraordinary development. Vehicle sales exceeded 91,000 units in February, of which new energy vehicle sales exceeded 88,000 units, up 752.56% year-on-year from 10,400 units in the same period last year.

Looking back at the past 2021, BYD has also achieved brilliant "achievements". According to its announced full-year 2021 new car sales. In 2021, BYD sold 730093 passenger cars, an increase of 75.4% year-on-year.

Among them, the performance of new energy vehicles is particularly eye-catching. Statistics show that BYD's annual sales of new energy vehicles were 593745 units, of which 320,810 pure electric vehicles were sold, and DM plug-in hybrid models were sold 272935 units, an increase of 231.6% year-on-year. At present, the sales of new energy vehicles have accounted for 81% of THE total sales of ATD passenger cars. In 2021, bydir's annual sales of new energy vehicles will overwhelm many new energy vehicle companies such as Tesla, Weilai, Ideal, and Xiaopeng, ranking first in China.

Entering 2022, BYD has once again shown good growth, and it can be seen from its sales data. Statistics show that in the first two months of 2022, BYD's new energy vehicle sales reached 181,500 units, an increase of 494.28% year-on-year. At present, BYD is making great strides towards the throne of the global new energy vehicle sales champion, and its sharp edge is even close to the industry's "brother" Tesla. Up to now, BYD's cumulative sales of new energy vehicles in the world have exceeded 1.69 million.

Statistics show that Tesla's global electric vehicle market share in 2021 is 14.4%, while the second-place BYD market share is 9.1%. Industry insiders believe that if BYD continues to grow at a 2021 growth rate (tripling the delivery of electric vehicles) in 2022, then there will be a competition between it and Tesla. Although BYD's current growth in China's domestic market is not as good as in 2020, it will bet heavily on overseas markets in 2022, which may be the best choice for BYD to achieve accelerated growth.

2022 Strategic Plan Reveals "Ambition"

On the basis of the brilliant results achieved in 2021, IND hopes to go further in 2022. At present, BYD has a clear and clear plan in terms of model planning, production capacity improvement and overseas strategy in 2022.

In terms of model planning, BYD plans to juxtapose the four sectors of Dynasty, Ocean, Denza and high-end brands in 2022, thus covering the 60,000-1 million yuan automobile market. Superimposed production capacity continues to climb, BYD Han continues to sell hot, Qin PLUS BEV, Yuan EV and other models of the market response is enthusiastic, the first model of the Ocean family Dolphin has maintained hot sales since its listing, and the company's performance is expected to continue to improve.

In addition, BYD also plans to list seals, seagulls and sea lions in 2022, of which seals are B-class SUV, benchmarking Tesla Model Y models; the warship series will be combined with DM-i super hybrid technology, through the "fast, provincial, quiet, smooth, green" subversive advantages, in the new energy and fuel vehicle market in an all-round way.

In terms of the Dynasty series, BYD Han DM-i is about to be listed, and the latest trailer has been released, confirming the use of 19-inch five-spoke high-performance wheels, which will be powered by a combination of Xiaoyun's new 1.5T engine + EHS145 hybrid system. In the field of mid-to-high-end automobiles, BYD will launch three new models from 2022 based on the Denza brand; in addition, the company will also launch a new high-end new energy brand to fight in the high-end market.

At the same time, BYD is also actively expanding its overseas layout, planning to send the Tang EV model to Norway in June 2021, and the yuan PLUS model officially launched in February 2022, as the first global model in the company's overseas strategy, has officially entered the Australian market, with a starting price of 44990 Australian dollars, proving that the company is committed to developing a new pattern of China's new energy vehicles going to sea. In addition, in terms of production capacity, BYD plans to build or expand eight new or expanded plants to increase production capacity since last year. By 2022, the actual usable capacity will reach 1.9 million units.

The all-round layout shows high growth

In the secondary market, BYD's performance in many new energy vehicle listed companies can also be said to be thriving, not only the highest market value, but also the stock price is far ahead of many of its competitors. According to the latest closing price of 223.61 yuan per share on March 7, BYD's market value reached 651 billion yuan, far exceeding many well-known domestic car companies such as Great Wall Motors and SAIC Motor, and became the largest automobile group in China. In the global scope, BYD also ranks behind Tesla, Toyota, and Volkswagen of Germany, and its market value ranks fourth in the world, surpassing many established car companies.

According to industry analysts, BYD's ability to achieve such a high market value is inseparable from its own technical strength, market share and good future development prospects. ATD can not only achieve completely independent manufacturing of new energy vehicles, but also an important global power battery supplier, and its fist product "blade battery" has been applied to the products of many well-known car companies. What makes the market look forward to it is that the product is still expanding its global footprint.

In addition, BYD's layout of semiconductors is also far-sighted. From entering the field of IGBT chips in 2004, acquiring Ningbo Zhongwei's IDM fab in 2008, and starting to increase the number of self-developed IGBTs in 2015, the total production capacity can now be supported by about 1.3 million new energy vehicles. This has also become the background of the "chip shortage" of global car companies last year, and BYD's "no lack of cores" is the bottom line.

In 2021, the sales volume of new energy vehicles in mainland China will exceed 3.5 million units, continuing to rank first in the world. According to the forecast data of the China Automobile Association, the sales of new energy vehicles in the mainland will exceed 5 million in 2022, an increase of up to 47%. Under the huge outlet of new energy vehicles in the future, there will be more new companies to stand out, and BYD has preemptively occupied the head position, indicating that the market and consumers have given recognition and affirmation.

BYD's high growth has also been generally optimistic about the institution. Up to now, a total of 25 institutions have accumulated in 6 months, and IT ISD's net profit in 2021 is predicted to be average of 4.520 billion yuan, an increase of 6.75% over last year. Among them, 14 institutions "buy", 5 institutions "increase", 2 institutions "recommend", and 1 institution "highly recommended".