Why does BYD have the confidence to announce the cessation of production of fuel vehicles?
Let's take a look at the march passenger car market sales data released by the Federation of Passenger Vehicles: BYD's new energy passenger car sales 104338, not only becoming the first new energy passenger car brand with monthly sales of "100,000 +", but also once again reaching the top of the new energy passenger car sales, so that since June last year, it has won the monthly sales "ten consecutive championships".
In the first quarter of 2022, under the influence of factors such as the Spring Festival holiday and the outbreak of the epidemic at multiple points, BYD's cumulative sales of new energy passenger cars soared by 433.4% year-on-year, reaching 284737. That figure is close to half of its full-year 2021 sales.
Among the 104338 models sold in March, DM sold 50,674 units, a year-on-year surge of 615.2%, and EV pure electric models sold 53,664 units, an increase of 229.2% year-on-year. That is to say, the monthly sales of 100,000 units +, all of which are plug-in mixed and pure electricity.
Even in the global market, BYD's market volume has surpassed Tesla's. Recently, EV SALES / EV VOLUMES released the latest global new energy passenger car sales data: BYD won the global sales of 87906 in February, winning the global sales championship of the month. This is also BYD's second global title in 2022.
Sales have swept through China and the global market, which is bydilicon to stop producing fuel vehicles.
Seeing this, you may ask, what is the difference between BYD's new energy and other new energy?
First, BYD's development idea is to cover the entire new energy ecosystem, it not only does cars, but also does solar energy, energy storage, its goal is that all the equipment driven by the engine can be electrified, its products involve new energy city buses, taxis, trucks, passenger buses, urban logistics vehicles, urban construction vehicles and private cars 7 major areas, and BYD new energy buses have been promoted to more than 50 countries and regions around the world.
Second, BYD not only does its own battery, but also does motor, electronic control, and even chip semiconductors, from research and development to production are all covered by themselves, so it can come out of the "six-in-one" and "eight-in-one" integration ideas of motor electronic control, and BYD These products are not only self-sufficient, but also supplied to competitors, as early as 2021 with BYD fixed point signing cooperation customers, there are Volkswagen, Toyota, BMW, Ford and other 16 car companies.
It is precisely because of BYD's whole industry chain layout and vertical integration of technology that it can grow against the trend in the industry and be stronger than its new energy counterparts.
Third, BYD's product line is very comprehensive, including high-end models such as Hantang that can compete with BBA, and models such as Qin, Song and Dolphin that cover the price range of 100,000-150,000 and can be afforded by ordinary wage earners. In the past, many people gritted their teeth to buy plug-in hybrid models that were 30,000 or 40,000 more expensive than fuel vehicles, mainly in order to be able to get on the green card, but buyING BYD DM-i, fuel saving is the original intention.
In March, BYD's new energy vehicle sales increased by 346.2% year-on-year and 19.3% month-on-month, and its market share further increased to 22.93%, which verified the correctness of BYD's EV pure electric, DM plug-and-mix "two-legged" walking strategy.
Behind BYD's rapid development, the supply chain of the new energy industry is under pressure, the prices of key raw materials are soaring, and the epidemic is repeated... There are many uncertainties in the future, but for a head player like BYD, this may be the best time to consolidate the industry position and expand the lead.
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