The world's first! BYD discontinues fuel vehicles! The era of new energy vehicles has completely come?

This time

BYD is running ahead of global car companies!

The world's first! BYD discontinues fuel vehicles!

On April 3, 2022, BYD announced that it will stop the production of fuel vehicles from March this year and will focus on pure electric and plug-in hybrid vehicles in the future.

A paper announcement, directly let BYD become

The world's first traditional car company to officially announce the suspension of fuel vehicles

For everyone

The news was so shocking

For a time, it quickly rushed to the first place in the Weibo hot search list

▲ Source: Weibo

In this regard, Cui Dongshu, secretary general of the Association, commented that BYD's suspension of the sale of traditional fuel vehicles is a model for world car companies.

Zhang Xiang, dean of the New Energy Vehicle Technology Research Institute of Jiangxi New Energy Technology Vocational College, said frankly that BYD's suspension of sales of pure fuel vehicles is a matter of course. First, its hybrid and pure electric vehicle sales are higher, the earlier the transformation is more favorable; second, its fuel vehicle sales are not high, and the average fuel consumption of passenger cars and the guidance of the double integration policy also make BYD focus more on hybrid and pure electric bodies.

Zhang Xiang said that new energy vehicles are the future development trend and a hot spot for investment.

BYD's operation has also aroused enthusiastic discussion among netizens!

There is a lot of support, and it is believed that the trend of new energy vehicles is irreversible.

There are also those who are not optimistic, thinking that it is still too early, and the pain points such as electric vehicle endurance and charging are still there.

At the same time, there are also views that BYD can "not need fuel vehicles" with the advantages of DM-i.

Cui Dongshu also believes that due to the technological breakthrough of blade battery and DM-i super hybrid technology, coupled with its strong vertical integration of industrial capabilities, BYD can replace fuel models by competing with plug-in hybrid models, achieve good consumption upgrades, and achieve effective replacement for international brand fuel vehicles.

BYD's new energy sales exceeded 100,000 in March!

In the past year, BYD has adhered to the "two legs" of pure electric and plug-in hybrid with advanced technologies such as blade batteries, DM-i super hybrid, and e-platform 3.0, ushering in the explosion of technology, products and markets.

Since the beginning of this year, BYD has continued to ride the momentum. In March, BYD's sales of new energy vehicles reached 104878, and its monthly sales exceeded 100,000 for the first time, an increase of 333.06% year-on-year.

What is more noteworthy is that BYD's sales of pure fuel vehicles in March were 0, and all sales were contributed by the two product lines of plug-in hybrid and pure electricity: DM plug-in and hybrid models sold 50,674 units in March, a year-on-year increase of 615.2%; EV model sales of 53,664 units, an increase of 229.2% year-on-year. The proportion of pure electric and hybrid products is basically the same.

By model, BYD Han series sales in March 12359 units, Han DM increased by 524.9% month-on-month

Tang series 9625 vehicles,

New Generation Tang DM Increased by 565.9% Year-on-Year

The Song family sold 26,729 vehicles,

Song DM increased by 2991.3% year-on-year

The Qin family sold 24,797 vehicles,

Year-on-year increase of 468.4%

The Yuan family has 12,881 vehicles.

▲ BYD Khan. Image courtesy of BYD official

It seems that the price increase is still not able to compete with the enthusiasm of consumers to buy cars!

It is worth noting that the dolphin, the first model of the BYD e platform 3.0, sold 10,501 units in March, which has almost caught up with the sales of the star model Han.

In terms of new models, it is understood that in 2022, BYD will further expand the high-end market and launch high-end brands, and the price is expected to be more than 500,000 yuan. In the future, BYD's automotive business will be composed of four sections: Dynasty.com, Ocean.com, Denza and high-end brands.

In terms of power batteries, BYD's total installed capacity of power batteries and energy storage batteries in March was about 5.353GWh, and the cumulative installed capacity in the first quarter of this year was 14.738GWh.

Discontinued fuel vehicles,

Do other car companies follow?

BYD officially announced the suspension of production of fuel vehicles, although a little sudden, but not unexpected.

As early as last November, BYD announced that at the 26th United Nations Climate Change Conference (COP26), representatives of relevant governments, enterprises and other organizations jointly issued a declaration on accelerating the transition to zero-emission cars and trucks, with the goal of achieving 100% of zero-emission vehicles and trucks sold by 2040 or earlier.

This means that related companies will stop producing fuel vehicles by 2040 or before, and BYD is also involved. According to reports, these companies that have made commitments also include Ford, General Motors, Jaguar Land Rover, Mercedes-Benz, Volvo and so on.

In addition to the aforementioned declaration, BYD has also signed the Global Memorandum of Understanding on Zero Emissions of Medium- and Heavy-Duty Vehicles, which aims to achieve zero emissions of medium- and heavy-duty trucks by 2030, accounting for 30% of sales of medium- and heavy-duty trucks, and 100% of sales of medium- and heavy-duty trucks by 2040, in order to promote zero carbon emissions by 2050.

Previously, a number of car companies have proposed a clear "timetable" for the suspension of fuel vehicles.

Jaguar: Jaguar will transform into a zero-emission vehicle brand by 2025, and Land Rover plans to significantly expand the number of electric models. By 2030, all Jaguar Land Rover models will be available in all-electric versions.

GM: GM will launch 30 all-electric models worldwide in 2025, hoping to stop producing all diesel- and gasoline-powered cars, pickups and SUVs by 2035.

Audi: It is planned that from 2026, the new models launched by Audi for the global market will be fully switched to pure electric products, and no new fuel vehicles will be launched, and even the hybrid models are not considered, and its models will be 80% electrified, and by 2033, Audi plans to gradually stop the production of internal combustion engines.

Volvo: Driving innovation and becoming a pure electric luxury car company by 2030.

MINI: The last fuel model will be launched in 2025, after which there will be a full focus on pure electric models. By 2027, all-electric models will account for at least 50% of MINI's sales. By the early 1930s, all MINI models will be fully electrified and still sold as a global brand.

Honda: Honda will increase its sales ratio of EVs and FVs to 40% in 2030, 80% in 2035, and reach 100% globally in 2040.

Volkswagen: Exiting the European internal combustion engine market from 2033 to 2035 and planning to achieve "carbon neutrality" for all new production vehicles by 2050 at the latest.

Ford plans to lock in full electrification in 2030; Mercedes-Benz said it is fully prepared for full all-electric by 2030.

……

The timetable given by the above car companies is also very "radical", is it?

In this regard, Oak oak can only sigh

The trend of new energy vehicles is unstoppable

China is a big country of new energy vehicles, and its production and sales have ranked first in the world for 7 consecutive years.

In February this year, the retail penetration rate of domestic new energy vehicles reached 21.8%, while in March, the penetration rate of new energy in the country has reached 28%, although new energy is "raising prices" due to raw materials and other factors, but it is still unable to resist consumers' enthusiasm for new energy models.

Cao Guangping, an independent researcher of new energy and intelligent networked vehicles, said that all car companies are basically in new energy.

Some routes are conservative, such as Toyota has new hybrid and battery technologies, fuel cell new technologies have been laid out in hand, can not be rushed.

Tesla and other enterprise routes are more radical, directly engaged in pure electricity, with intelligent and multi-faceted innovation collection support, basically past the stage of output climbing a small slope.

BYD has hybrid, pure electricity in hand, even if the left hand of the self-cutting fuel car is not too painful, it belongs to the first chess.

Of course, there are also some enterprises in the new energy "both difficulties and hopes, both restrictions and progress."

Byd's pioneering efforts do not mean that "discontinued fuel vehicles" will become the trend of the development of the automotive industry in the next few years.

In Cui Dongshu's view, car companies have their own priorities, and the early suspension of fuel vehicles cannot usher in a happy ending like BYD.

Taking Changan as an example, in 2021, of Changan Automobile's sales of 1.204 million units in the autonomous passenger car segment, the penetration rate of its new energy models will only reach 8.3%. This means that the main performance of Changan's current passenger car business is still mainly fuel vehicles.

To achieve this goal in 2025, Changan needs to increase the proportion of new energy to more than half within 4 years, which is a difficult goal for Changan and even other traditional car companies to complete.

Fuel vehicle vs electric car, how do you choose?

END

(Materials from: China Automotive News, Phoenix WEEKLY Finance, China Securities News, 36 Carbon, China Business News, Odd Couple Studio, etc., comprehensively arranged by CHINAPLAS, please indicate when reprinting.) ）