Like the acceleration of a tram, BYD is still running wildly into the golden autumn.
On September 1, BYD, a leader in new energy vehicles, announced its sales in August, totaling 274386 units, a significant increase from 174915 units in the same period last year.
In the past August, BYD has achieved two milestones. On August 9, BYD's 5 millionth new energy vehicle officially rolled off the production line, becoming the first car company in the world to achieve this goal. At the end of August, global new car sales data in the first half of the year showed that BYD entered the ranks of the "world's top ten car companies" for the first time with 1.2556 million units.
Riding the momentum, he completed the triple jump in two years
According to the "Global Car Company Sales in the First Half of 2023" report released by analyst company Mark Lines, Toyota sold 5.41 million vehicles in the first half of the year, winning the first half of the year, and the well-known Volkswagen, Nissan, GM, Ford, Honda, etc. are all on the list. As a Chinese car company, BYD entered the top ten for the first time, creating the best result in history.
In the domestic market, after becoming the number one in market sales in November last year, BYD firmly occupies the top position. From January to June this year, BYD's new car sales exceeded 1.25 million units, ranking firmly as the champion of both automakers and brands in the Chinese market. According to data from the China Association of Automobile Manufacturers, BYD's share in the new energy vehicle market has expanded to 33.5% in the first half of this year.
In overseas markets, BYD's performance is also eye-catching. Chinese car brands are accelerating their entry into Europe, and BYD's new energy passenger vehicles have entered 15 European countries in the past year. From January to July, BYD sold more than 92,400 units overseas. BYD ATTO3 sells well in Thailand, Singapore, Israel and other overseas countries. In August, the model won the New Zealand pure electric vehicle sales champion.
It is worth mentioning that BYD is the only new energy vehicle company in the world's top ten. In August this year, BYD Group announced that its 5 millionth new energy vehicle officially rolled off the production line. From 0 to 1 million vehicles, it took 13 years; From 1 million to 3 million, it took 1 and a half years; From 3 million to 5 million, it took only 9 months.
Accumulation and R&D investment reached a record high
Riding the irreversible wave of new energy transformation, BYD has been making great progress. Behind this is BYD's years of technical reserves and massive R&D investment.
In the first half of this year, BYD invested 14.246 billion yuan in R&D, a year-on-year increase of 120.2%. This growth rate far exceeds the already "skyrocketing" sales.
It is understood that in the past 12 years, BYD's R&D investment has exceeded the net profit of the year for 11 years. In 2022, R&D investment will exceed 20 billion yuan, a year-on-year increase of 90.31%. At present, BYD has applied for about 40,000 patents and authorized about 28,000 patents worldwide.
As the earliest promoter of new energy vehicles, BYD has launched a series of advanced technologies such as blade battery, DM hybrid, CTB battery body integration, Yisifang, Yunjian, etc., which not only injected a steady stream of power into BYD's technological innovation, but also promoted the continuous change of the new energy automobile industry.
The cake of new energy vehicles continues to expand. According to data from the National Passenger Federation, the first half of this year increased by 37.3% year-on-year, and the penetration rate reached 32.4%. Some experts believe that it is expected that by 2025, the penetration rate of domestic new energy vehicles will exceed 50%.
At present, BYD Group has formed a multi-brand matrix of Denza Dynasty, Lookup and Equation Leopard, BYD Dynasty and BYD Ocean, covering the needs of all scenarios from home to luxury, from public to personalized. With the launch of new vehicles, BYD, a leading new energy car company, is expected to set more new records.