An announcement of "stopping production of fuel vehicles" has made BYD once again the top of the automotive circle. Standing at the time node of the monthly sales of more than 100,000, looking back at BYD's 19-year car-making process, Wang Chuanfu broke the boat this time, AND entered a new era and walked in the forefront of all car companies.
1. BYD has been building cars for 19 years
In Shenzhen in 1995, wang Chuanfu, who was only 29 years old, founded BYD in the boom of reform and opening up, and developed it into the world's leading battery supplier, even Motorola, Nokia and other giants are BYD customers. In 2003, Wang Chuanfu acquired Qinchuan Automobile and entered the automotive industry. F3 became a hit, and BYD gained a lot of glory in the field of fuel vehicles. But in fact, Wang Chuanfu, who started with batteries, has always bet on THE future of BYD in the automotive power battery market and the new energy electric vehicle market with a forward-looking strategic vision.
2. Finally stop production of fuel vehicles
As early as 2006, BYD successfully developed the first F3e electric vehicle equipped with lithium iron phosphate battery; in 2008, BYD's first hybrid car, the F3 DM, was officially launched. BYD's layout in the new energy vehicle market is very early, but until 2020, BYD's sales volume, fuel vehicles are still the mainstream. In 2020, BYD's sales totaled 426972, of which 237283 fuel vehicles, accounting for 56%; new energy vehicles 189689, accounting for 44%. However, by 2021, BYD's sales will be 730093, of which 593745 new energy vehicles will be sold, accounting for more than 81%.
Entering the Year of the Tiger, bydir's sales of new energy vehicles have soared faster and faster. In the past March, BYD's full range of sales reached 104,900 units, a net increase of 160.9% year-on-year, of which 54,000 were pure electric EV models and 50,000 hybrid DM models. There are two key points here, one is that BYD's new energy vehicles have become the absolute mainstream, and the number of fuel vehicles has been negligible; second, BYD's monthly sales have exceeded the 100,000 mark and completed the annual sales target of 1.2 million vehicles, just like probing for things. As a result, BYD announced the suspension of production of fuel vehicles, becoming the world's first car company to "eat crabs".
3. Wang Chuanfu broke the cauldron and sank the boat
The data shows that the current new energy vehicles only account for about 15% of the overall automobile market share. BYD dared to announce the suspension of fuel vehicles, which requires great courage and self-confidence. BYD stands at an important time node when the monthly sales exceed 100,000 units, abandons the fuel vehicle market and focuses on the pure electric and plug-in hybrid vehicle markets. Wang Chuanfu's confidence in the brilliant future of the new energy vehicle market is not only based on the unstoppable future of the new energy vehicle market, but also comes from the core technology accumulated by BYD in the 19 years of car manufacturing, as well as the expanded market and established brands.
In the 19 years of car manufacturing, Wang Chuanfu led BYD and has been preparing for new energy vehicles for 19 years. The new energy vehicle market is an opportunity for Wang Chuanfu to wait for many years, and BYD is fully prepared. Accumulating power for 19 years, relying on batteries, relying on fuel vehicles as the entry point, and then exerting new energy vehicles, BYD vertically integrates the core industrial chain, and has become the most complete comprehensive car company in the supply chain of the new energy automobile industry. From batteries to motors, from electronic controls to vehicle-grade chips, BYD, which has strong self-research and self-production capabilities, can be said to be the most independent car companies that are not afraid of being "stuck in the neck".
Driven by core technologies such as blade batteries, DM-i super hybrids, and e-platform 3.0, BYD has achieved a big explosion in sales in the past one or two years, and has won the top sales of new energy vehicles for many consecutive months. The continuous soaring sales volume proves BYD's strength and potential in the new energy vehicle market. As a result, BYD has the confidence and courage to walk in front of all car companies in the world and announce the suspension of production of fuel vehicles. This move not only means Wang Chuanfu's determination to bet heavily on the new energy track, but also BYD's strongest voice on behalf of its own brands, and China's auto industry will eventually achieve overtaking in curves.