Friends who care about the automotive industry know that the current global car sales ranking has long been dominated by European, American and Japanese car giants. You must know that the mainland's automobile industry started in the fifties of the last century, after decades of rapid development, especially in the field of new energy vehicles, our Chinese automobile brand has also ranked among the top ten in the global new car sales list, which is undoubtedly an important milestone of China's automobile industry in the past 70 years!
The new energy automobile industry has made a historic breakthrough, surpassing fuel vehicles to reach the top of the sales crown
As early as November last year, BYD's passenger car market in China has successfully surpassed the two traditional old car companies of Volkswagen Toyota and reached the top position in retail insurance, which is also the first time that Chinese automobile brands have surpassed all passenger car brands, including fuel vehicles, creating a historic breakthrough for the mainland and even the global new energy automobile industry.
As the earliest participant and promoter of the domestic new energy automobile industry, BYD has persisted on this road for 20 years before ushering in today's rapid development. This achievement also highlights the rapid development momentum of new energy vehicles, indicating that new energy vehicles are gradually subverting the market position of traditional fuel vehicles. It is expected that the penetration rate of new energy vehicles in the Chinese market will exceed 60% in 2025, and the market share of Chinese automobile brands will increase to 70%, achieving leapfrog development. At the same time, China has the foundation and strength to create world-class automobile brands, and China's automobile industry will surely give birth to a number of respectable world-class brands.
In the first quarter, the number of terminal risks ranked first in the country, becoming the best-selling automobile brand in China
Careful netizens may have found that according to the terminal risk volume in the first quarter of this year, BYD's cumulative risk volume has surpassed Volkswagen (including SAIC and FAW-Volkswagen) and topped China's best-selling car brand. Many people may not be surprised by BYD's achievements, and this milestone also marks that China's automotive industry has gradually entered a stage of high-quality development, and Chinese brand automobile companies are leading the development trend of new energy vehicles in the world.
For the first time in nearly 40 years, China's passenger car market has achieved the victory of its own brand, breaking the long-standing monopoly of joint venture brands in the Chinese market and opening a new chapter for Chinese brands to lead the domestic auto market. On August 9, BYD's 5 millionth new energy vehicle officially rolled off the production line, and under the wave of the new energy era, Chinese automakers have used one milestone after another to promote Chinese automobiles from catching up to surpassing, which has rewritten the history of the mainland automotive industry "big but not strong".
In the first half of this year, 1.25 million units were sold, making it one of the top 10 in the global car sales list
According to data from MarkLines, a well-known research company, BYD's global new car sales in the first half of 2023 were 1.25 million units, a year-on-year increase of 96%, surpassing Mercedes-Benz and BMW and entering the top ten in the world. This achievement not only proves that China's core technology and industrial chain of new energy vehicles are far ahead of other countries, but also symbolizes that China has become a power in the field of new energy vehicles on a global scale.
As early as March last year, BYD was the first in the world to announce the discontinuation of fuel vehicles, focusing on pure electric and plug-in hybrid vehicle business. At present, the electrification transformation of the global automotive industry is accelerating its evolution, and new energy vehicles are ushering in the industry outlet. After years of technology accumulation and innovation, BYD has achieved leapfrog development with leading technologies such as blade battery, DM-i super hybrid, e platform 3.0 and CTB battery body integration.
These three milestones can be said to have witnessed the rise of BYD in the Chinese auto market, not only won the sales champion in the domestic market, witnessed the changes in the competitive landscape of the Chinese auto market, but also been able to enter the top ten global auto brand sales, and enhanced BYD's position in the global auto market. We can see that China already has the foundation and strength to create world-class automobile brands, and China's automobile industry will give birth to a number of respectable world-class brands to promote the continuous transformation of the global new energy automobile industry.