On the evening of April 3, Chinese automaker BYD Automobile officially announced that it will stop the production of fuel vehicles from March 2022. The company also became the first car company in the world to officially discontinue fuel vehicles.
As soon as this blockbuster news came out, it was instantly on the hot search of major news and social platforms, and once dominated the list of Weibo hot search. Many netizens expressed support for BYD's decision to stop selling fuel vehicles, and believed that the development of new energy vehicles has become a major trend, and after BYD officially announced the suspension of fuel vehicles, it may drive more car companies to follow up.
"With DM-i, there is really no need for fuel vehicles"
"New energy sells too well, production capacity can not keep up, the fuel vehicle stopped production"
"BYD's new energy vehicle sales account for a high proportion, and it is good to concentrate on the production of new energy vehicles"
"The light of domestic goods, fuel vehicles say stop and stop, make way for new energy, and hope to do better and better!"
BYD said that the decision to stop the production of fuel vehicles was made according to the company's strategic development, and in the future, the company will focus on pure electric and plug-in hybrid vehicles in the automotive sector, and will continue to provide perfect after-sales service guarantee for existing fuel vehicle customers.
The reason why BYD dares to make this decision at present is not unrelated to its vigorous development in the new energy vehicle market.
According to BYD's production and sales report disclosed in March, the production of new energy vehicles in March was 106,700 units, and sales were 104,900 units, an increase of 422.97% year-on-year. Among them, EV models sold 53,700 units and plug-in models sold 50,700 units, both of which increased by more than 850% year-on-year.
The production and sales of more than 100,000 new energy vehicles in a single month have enabled BYD to continue to consolidate the position of "brother" of domestic new energy vehicles. For comparison, BYD's fuel vehicle sales in March were zero, which means that the company has fully electrified in March. Therefore, it is already the best solution to allocate all R&D, production focus and production capacity to new energy vehicles.
2021 is undoubtedly a crucial year for BYD's development in the field of new energy vehicles. In this year, BYD, with its blade battery, DM-i super hybrid and e-platform 3.0 and other technologies, laid the tone for the current comprehensive transformation of new energy vehicles, and achieved sales of more than 600,000 new energy vehicles throughout the year, ranking first in China for 9 consecutive years.
Sufficient R&D expenses are also the key to BYD's transformation to new energy. According to the financial report, BYD's R&D investment reached 10.627 billion yuan in 2021, an increase of 24.20% year-on-year. The number of R&D personnel reached 40,400, an increase of 31.52% year-on-year.
BYD has revealed that its target sales in 2022 are guaranteed to be 1 million vehicles. Judging from the current data, BYD's sales of new energy vehicles in the first quarter of this year reached 286,300 units, and this year it is expected to achieve a new target of 1.3 million to 1.5 million units.
END
Hexun official analyst 1 to 1 diagnosis stock.
Limited to 3 shares, scan the code immediately