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BYD's new energy vehicle sales soared in the new year, is it due to strength or is there another reason?

Official data show that in the first quarter of 2022, BYD's cumulative sales of new energy passenger cars have reached 284737 units, up 433.4% year-on-year. Among them, in February, according to the global new energy passenger car sales data released by EV SALES / EV VOLUMES, BYD's global monthly sales volume was 87,906 units, surpassing its rival Tesla and far surpassing Volkswagen, BMW, and Mercedes-Benz. According to the China passenger car market data released by the China Passenger Vehicle Association in March, BYD New Energy Passenger Vehicles sold 104338 units per month, becoming China's first new energy passenger car brand with monthly sales of "100,000+".

BYD's new energy vehicle sales soared in the new year, is it due to strength or is there another reason?

BYD's new energy vehicles continue to grow by leaps and bounds, and have broader prospects in the future. What makes BYD have such "proud" achievements? I think the simplicity can be summarized as follows:

First, the strategy is clear, and the future will focus on the new energy vehicle market. On April 3, BYD officially announced that it would stop the production of fuel vehicles. As of March this year, the penetration rate of new vehicles for new energy passenger vehicles has reached 25.1%, and IND will continue to adhere to the strategy of "two legs, walking together" of plug-in hybrid and pure electric in the future, and sit on the hegemony of new energy vehicles.

Second, the stability and safety of the blade battery. There is no doubt that the battery is one of the most important components in new energy vehicles. BYD's self-developed blade battery solves the safety pain points of users, and is the top in the industry in terms of cycle life, mileage, safety factor, etc., and is also the advantage selling point that distinguishes it from other new energy vehicle companies.

Third, the development of new energy vehicles is the general trend of the future automobile market, BYD has a number of new energy industry chain core technology research and development patents, including DM-i super hybrid, e platform 3.0, blade battery, etc., and these technologies are empowered on a variety of automotive products, whether it is the first car of the family or the purchase of additional models, whether it is used for transportation or long-distance travel, ATD can find a model that suits you.

BYD's new energy vehicle sales soared in the new year, is it due to strength or is there another reason?

The market sales data feedback is the most real and convincing, the new Han EV, DM-i, DM-p models just released on April 10, only 6 hours after the opening of the booking, the number of bookings reached 48136. This data is much higher than the monthly sales of many new energy vehicle companies, which is enough to prove the recognition and trust of the majority of consumers in BYD's new energy vehicles.

BYD's new energy vehicle sales soared in the new year, is it due to strength or is there another reason?

Product strength and word of mouth are the cornerstone of enterprise progress, but also the most powerful guarantee for sales. BYD new energy vehicles can sing all the way to achieve good results, in addition to the hard core strength of its own products, and many BYD car owners' good reputation is also inseparable. "Safety is the greatest luxury of electric vehicles" is not just a slogan, but the foundation of BYD's long-term car manufacturing. It is believed that with the ramping of BYD's production capacity and the launch of more competitive models, BYD will continue to break its own sales record in 2022, with annual sales exceeding one million just around the corner.

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