In less than three years, BYD has set a new record in less than three years since the "1 millionth new energy vehicle rolled off the assembly line" in May 2021, becoming the first auto brand in the world to achieve the 7 million new energy vehicles off the assembly line, setting a new sales milestone and once again amazing the world audience at the speed of China. In order to achieve such glory, BYD's road is not smooth.
In 2023, BYD will sell a total of 3.02 million units throughout the year, once again winning the global new energy vehicle sales champion. Following the launch of the champion version of the "oil and electricity at the same price" last year, in February this year, BYD launched the Glory version of the model, opening a new era of "electricity is lower than oil", which is behind the strong synergy formed by BYD's large-scale effect and the advantages of the whole industry chain.
BYD has been preparing in the automotive industry for 20 years and has more than 90,000 technical R&D personnel. The cost of technology research and development is much higher than the net profit margin, and 19 patents are applied for and 15 patents are authorized every year. The development and exploration of products and technologies are endless, so that the brand can be immortal in the competition and immortal in word of mouth.
In May 2021, BYD announced its plan to "go overseas with passenger cars". After that, as the pace of going overseas continued to accelerate, BYD successively launched a number of new energy models around the world. As of August 2023, BYD has exported more than 170,000 new energy passenger vehicles, covering 55 countries and regions, including Japan, Germany, Australia, Brazil, and the United Arab Emirates. Relying on its continuous cultivation and product strength in the field of new energy, BYD will continue to accelerate the expansion of the global layout of new energy passenger vehicles. BYD has been committed to the development of new energy vehicles since it entered the automotive industry in 2003. Benefiting from technological progress and the support of the Chinese market, it has formed advantages in technology research and development and industrial chain synergy, which is the driving force for the development of overseas markets. Nowadays, BYD is struggling to go to sea, which is a natural trend.
At present, the single-week penetration rate of new energy vehicles in China has exceeded 48.2%, which has hit a record high, and it is expected that the penetration rate of new energy vehicles will exceed 50% in the next three months, which means that new energy vehicles have begun to become the choice of more consumers in the market. It is conceivable that the next sales target of 7 million is poised to go. BYD makes the world's customers pay for it with Chinese quality, gradually plumps the scale and the whole industrial chain with Chinese technology, and finally obtains the Chinese-style speed feedback of sales, which has become a beautiful business card of China in the new energy automobile industry market. From dormant to amazing, it is not the original intention of research and development that is not only consequential, but also the customer first of consequentialism, and looks forward to the next sincere work that BYD brings to the world.