Hot search first!
BYD announced that it is the first in the world to discontinue production of fuel vehicles
Source: Sina Weibo
On the evening of April 3, "BYD's discontinued fuel vehicles" landed on the first place in Sina Weibo's hot search. What happened? Let's take a look.
According to The South + news, on April 3, BYD announced a blockbuster news: since March has stopped production of fuel vehicles, at the same time, in March passenger car sales have no fuel car proportion!
According to the data, BYD's passenger car sales reached 104338 units in March, with an electrification rate of 100%, once again breaking the monthly sales record of New Energy Vehicles in China. Specifically, pure electricity and hybrid performance are good, EV pure electric sales of 53664 vehicles, DM plug-in hybrid sales of 50674 vehicles.
Previous data showed that from January to February this year, BYD's new energy passenger cars accumulated 180399, accounting for 97.3% of the total sales of passenger cars. On the whole, BYD's sales of new energy vehicles and passenger cars in the first quarter of this year reached 284737 units, with an electrification rate of 98.3%.
Figure: BYD March Production and Sales Express Source: Announcement
Just today, BYD officially announced that it will stop the production of fuel vehicles from March 2022 in accordance with its strategic development needs. This marks that BYD has become the first car company in the world to officially announce the suspension of fuel vehicles.
Judging from the production and sales in March, BYD has become the first car company in the world to stop production and sell fuel vehicles. From January to March this year, BYD passenger car segment fuel vehicle sales were 2254, 2795 and 0, respectively, BYD said that in the future, BYD will focus on pure electric and plug-in hybrid vehicles in the automotive sector.
Netizens are talking about it! The trend of new energy!
In response to BYD's move, netizens have been hotly discussed.
Fuel Car Terminator! BYD is great!
New energy sells too well, production capacity can not keep up, to use the production line of fuel vehicles.
This should be the first car company to stop producing fuel vehicles! However, new energy vehicles have become the trend of the times, which is also very good.
For human science and technology, green, tomorrow!
There will be more car companies to follow, the future must be the era of new energy, and the future is at hand.
There are also voices that BYD announced the cessation of production of fuel vehicles, symbolizing "the end of an era".
Some netizens said, "I also want to buy a BYD, but unfortunately I can't get a car in the queue now."
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The rise in lithium carbonate prices continues
BYD announced a price increase of up to 6,000 yuan
The price of battery-grade lithium carbonate in the Chinese market has risen from 60,000 yuan / ton in early 2021 to the recent 500,000 yuan / ton, and the rapid rise in lithium carbonate prices has brought greater cost pressure to the entire industry chain such as batteries and vehicles.
Based on the 50kWh of the charging capacity, the theoretical cost increase of the bicycle caused by the rise in the price of lithium carbonate has reached 13,000 yuan (iron lithium battery) / 15,000 yuan (ternary battery).
OEMs generally adjusted prices twice in January and March to cope with subsidy decline and cost increases, of which the first price increase was about 3,000-5,000 yuan, and the price increase was mainly used to cover the impact of subsidy decline; and with the recent price negotiations of OEMs and battery suppliers, the main engine factory carried out the second price adjustment to cover the rapid rise in battery costs.
As international oil prices continue to soar, the price of new energy vehicles is also rising on the other hand.
Just in mid-March, Tesla and BYD both announced price increases, with the highest price increases of 20,000 yuan and 6,000 yuan respectively.
According to the reporter's combing, nearly 20 brands of new energy models have announced price increases.
BYD's 2021 financial report:
Sales and revenue of new energy vehicles rose sharply, and net profit fell by nearly 30%.
On the evening of March 29, BYD (002594. SZ) released its full year 2021 results report.
According to the financial report, BYD achieved operating income of 216.142 billion yuan in 2021, an increase of 38.02% year-on-year; net profit attributable to shareholders of listed companies was 3.045 billion yuan, down 28.8% year-on-year. Net cash flow from operating activities was RMB65.467 billion, an increase of 44.22% year-on-year.
Basic earnings per share were RMB1.06 per share, down 27.89% year-on-year. Net profit after deduction of non-net profit was 1.255 billion yuan, down 57.53% year-on-year.
For the double-digit growth of revenue in 2021 while the net profit fell by nearly 30%, BYD insiders told the 21st Century Business Herald reporter: "In 2021, due to the impact of the global epidemic, the electronics business is under short-term pressure; affected by factors such as rising raw material and commodity prices, the company's overall costs have risen." During the period, the sales volume of the automobile business increased significantly, and the profitability of the automobile segment increased. ”
According to BYD's official data, in the whole year of 2021, BYD's new car sales reached 730,000 units, an increase of 75.4% year-on-year. Among them, the sales volume of new energy vehicles was 593,700 units, an increase of 231.6% year-on-year, accounting for more than 80% of sales, and the cumulative sales of pure electric vehicle models and DM hybrid models were 320,000 units and 270,000 units, respectively, an increase of 44.9% and 467.6% year-on-year.
While sales have been rushing all the way, the gross profit margin of BYD's auto-related business has fallen by 7.81% to 17.39% year-on-year. In the first and second half of 2021, the gross profit margin of the automotive business in the first half of 2021 was 19.5%, and continued to decline to 16.2% in the second half of 2020, down nearly 10% compared with the second half of 2020.
There are A-share chairmen who warn of new energy vehicles
"Catastrophic overcapacity!"
Figure / Figure worm
While new energy vehicles are singing all the way, there are also people in the industry who make different voices.
On April 1, at Weichai Power's 2021 annual results conference, Weichai Group Chairman and CEO Tan Xuguang said that new energy vehicles will have a catastrophic overcapacity.
He said that in recent years, the new energy industry has been "relatively lively, swarming, disorderly competition", and there are many companies that use the capital market to mix private activities with the capital concept of new energy vehicles, expanding wealth through the capital market, resulting in disorderly expansion of the new energy industry.
"I have carefully considered this, not a random remark." At the performance conference, Tan Xuguang particularly emphasized the prudence of the above judgment and said that this is a phenomenon that can be understood in the industry.
It is worth noting that at the scene of the China Electric Vehicle 100 Forum (2022) held a few days ago, Lin Nianxiu, deputy director of the National Development and Reform Commission, also highlighted the issue of new energy vehicle production capacity.
Lin Nianxiu said that it is necessary to encourage and guide key areas to formulate industrial development plans, and vehicle enterprises should highlight the key layout, rely on existing production bases to gather and develop, and no longer add new production capacity distribution points before the existing bases reach a reasonable scale.
New energy vehicle production capacity to "burst"?
In recent years, under the guidance of policies, local governments have been scrambling to lay out new energy vehicle planning projects, adding a lot of planning capacity.
Relevant data show that at present, enterprises that have production qualifications are expected to have tens of millions of vehicles under construction capacity will be built and put into operation, and most of these production capacities under construction are new energy vehicles.
However, while the overall scale of the industry is expanding rapidly, the differentiation within the industry is becoming increasingly obvious.
According to data from the China Association of Automobile Manufacturers, among the 98 automobile manufacturers in 2021, more than 50 enterprises produce less than 1,000 vehicles per month, of which nearly 20 are in a state of suspension and produce 0 vehicles per month.
The sales volume of the top ten enterprise groups in automobile sales accounts for about 90% of the total automobile sales, and the production capacity utilization efficiency is much higher than the industry average, and even reach 100%.
Obviously, in the existing capacity, there are both insufficient parts and idle parts. Previously, the National Passenger Car Market Information Joint Conference had publicly raised an early warning that the automotive industry should prevent overcapacity of new energy vehicles while solving the problem of overcapacity of traditional automobiles.
Source | 21st Century Business Herald (Author: Song Doudou), Southern +, Listed Company Announcements, Securities Times Network, Public Data, etc