BYD is now the leader of domestic car companies, and BYD has contributed to the rise of domestic electric vehicles.
Over the years, the company has been going all out to launch a variety of electric vehicles with good performance, such as the company's famous Dynasty series, which has been recognized by the industry and favored by the public. In short, each model of BYD is unique, showing the spirit of innovation, and innovation is an indispensable driving force for the development of an enterprise, it is under the guidance of the spirit of innovation, the company can sit on the hegemony of the domestic automobile industry.
Driven by BYD, in recent years, a wave of new energy vehicles has been set off in China, which also marks the arrival of the era of new energy vehicles.
In this context, major car companies are no longer keen on the development of fuel vehicles, but have changed their thinking and tried their best to create a variety of new energy vehicles, and then start competition.
In such a fierce competition, BYD's hegemony has never been shaken, but the market share of many companies has decreased sharply.
Recently, Wang Chuanfu publicly said: In 2026, there will only be 10% of the share of joint venture cars!
1. BYD calls for wind and rain
BYD is a car company that focuses on creating high-quality new energy vehicles, and after more than 20 years of development, the company has already called for wind and rain in the domestic auto market.
In 1995, BYD was born in Shenzhen, and many domestic car companies did not pay special attention to independent innovation capabilities, which made it difficult for domestic car companies to compete with foreign car companies.
You must know that Mercedes-Benz, BMW, Toyota and other foreign car companies all rely on independent innovation to create unique automotive products in order to shine in the international auto market.
As the founder of BYD, Wang Chuanfu has studied the market in depth before establishing the company, and he is also determined to lead the company to take the road of independent innovation.
Only in this way can enterprises become bigger and stronger, so BYD has always adhered to the development concept of independent innovation since its birth.
This concept was actually relatively advanced at that time, and it was difficult for domestic car companies to do it, after all, the mainland's automobile manufacturing technology was relatively backward compared with foreign countries at that time, and it was not easy to innovate.
However, Wang Chuanfu fearlessly led BYD to overcome difficulties, and was determined to do an earth-shattering career.
BYD is both traditional and innovative, and it can be said that the company's cars are a combination of tradition and modernity.
The company skillfully integrates the advanced concepts of international trends into its own development, while at the same time not losing the aesthetic concept of Chinese culture.
Taking the dynasty series as an example, it is directly named after several dynasties in Chinese history, including the Qin, Han and Tang dynasties, etc., such a name is domineering and shows the strong traditional Chinese characteristics.
However, the car is designed to be fashionable and atmospheric, with a new era atmosphere, so the series has become a favorite in the market as soon as it is launched.
On December 18, 2019, mainland official media released the list of China's brand development index 100, and BYD was on the list and ranked 24th, which shows that the company's influence is not limited to the automotive industry.
Second, the share of joint venture cars is only 10%
After entering 2024, BYD will continue to develop at an astonishing speed, leaving the major car companies far behind.
At present, it is difficult for other car companies to catch up with BYD's development footsteps no matter how hard they try, and it is even more impossible to surpass it.
Since the beginning of this year, major car companies have started a vigorous price war.
BYD, as a leading enterprise, is of course also involved, and the overlord made its competitors tremble as soon as it made a move, and after using a set of "price reduction" combination punches, it soon made many joint venture car companies unable to resist.
Recently, Wang Chuanfu said at a communication meeting: Now China's new energy vehicle market has ushered in the knockout stage, in the subsequent competition in addition to the price, but also to carry out a decisive battle of technology and scale.
In addition, he pointed out that as domestic car companies accelerate the launch of new energy products, this may encroach on the joint venture brand market, and in the next 3 to 5 years, the share of joint venture brands will drop from 40% to 10%.
This also shows that BYD's goal in the next three years is very clear, that is, to accumulate all its strength and compete with major joint venture cars.
Obviously, BYD decided to use its own killer move, after all, it is no longer feasible to make a small fight at the decisive moment, and if you want to have the last laugh, you can only do this.
As we all know, BYD has reduced the price of the Champion Edition and Glory Edition models produced by the company in order to hit the joint venture cars hard, which has also been sought after by consumers and made these models sell well. So what other big moves will BYD release next?
The outside world generally believes that after BYD launches the "798" Qin PLUS DM-i Glory Edition, it can instantly defeat the joint venture car of the same level with a devastating momentum, but in fact, the outside world thinks too simply.
Like BYD's cars, some high-quality fuel vehicles such as Sylphy and Lavida have been sold at lower prices in order not to lose in the price war, which also makes these joint venture cars not immediately fall out of the top ten sales positions.
It shows that these models are also quite competitive, and this model of BYD cannot beat them at lightning speed.
Why can joint ventures be invincible?
Because they have already gained a firm foothold in the market in some small cities in China, as long as their price is close to that of Qin PLUS DM-i Glory Edition, they can still increase sales. For example, the new car sales list in March this year reflects that the sales of these joint venture cars are not low.
Seeing that it could not defeat these joint venture car companies in the price war, BYD decided to release its nirvana.
Wang Chuanfu said frankly: BYD plans to launch the fifth-generation DMI hybrid technology in May this year, reducing fuel consumption to 2.9 liters / 100 kilometers, and a full range of 2,000 kilometers.
Not only that, but the company will switch to the fifth-generation DMI model, which may last for a year or two.
This means that these joint venture car companies may be completely crushed by BYD in the future, after all, they pose a substantial threat to BYD in such a short period of 1 to 2 years.
Generally speaking, car companies launch price wars, essentially at the expense of the gross profit of a single vehicle, but low gross profit will hinder the development of the enterprise. In short, it is small profits but quick turnover, and win by volume.
Wang Chuanfu is also aware of this, so he will say: BYD intends to maintain the overall profitability by increasing the scale in the future.
So how will BYD do it? The company can now sell 3 million cars a year, which is indeed an extraordinary scale and is unattainable by other car companies, especially joint venture car companies.
In addition, BYD's sales are still expanding, which indicates that the company will continue to distance itself from joint ventures in the future.
BYD is now seizing the time to expand the scale of going overseas, which is to increase efforts to expand overseas markets.
As long as it can make a lot of money in overseas markets, it can provide strong impetus for BYD, so that the company can better fight the price war with joint ventures in the domestic auto market.
Since BYD's logistical supply is so sufficient, it will be able to gain more advantages over time, and the joint venture car companies may become more and more passive at that time.
In short, BYD is now full of confidence, not only in the fierce price war to achieve a leading edge, but also continue to improve technology, and actively expand overseas markets to increase car sales, such a strategic layout is really quite powerful.
One thing is for sure, these joint ventures will not willingly admit defeat, even if they do not have the upper hand now, but they will find ways to go toe-to-toe with BYD later.
They also know very well that once they are defeated in this big war, it will not be just a matter of slow development, and it is very likely that they will disappear completely.
In order to avoid such a tragic end, of course, they will fight to the death. This also indicates that the confrontation between these joint venture car companies and BYD will become more intense in the future.
So will these joint venture car companies be able to continue to seek a glimmer of vitality or even complete a counterattack in the future? We do not know, we can only wait and see.
Third, BYD can continue to dominate
BYD has always taken independent innovation as its own purpose, allowing the company to fight a bloody way in the automobile market and finally win the hegemony.
Obviously, BYD dares to be the first and has the courage to innovate, which are valuable spirits that many car companies do not have.
After the great success of BYD, it set off a boom in new energy vehicles in the domestic and even world automobile market.
In this way, BYD's contribution is great, it is it that greatly promotes the development and growth of new energy vehicles in the world, and also virtually protects the earth's environment, after all, new energy vehicles will not pollute the environment.
Now BYD guards against arrogance and rashness and continues to innovate and develop, in order to make its own development path smoother, BYD is currently engaged in a fierce price war with major car companies, all parties do not give in to each other, and it will be difficult to distinguish the winner for a while and a half.
As long as BYD can defeat all kinds of strong opponents, it can move towards a more brilliant future, but with BYD's strong strength and unique development strategy, it is not difficult to win the final victory.
It is not difficult to predict that BYD will continue to dominate the auto market in the future, and it is almost impossible for major car companies such as joint ventures to defeat this powerful king.
epilogue
BYD has rapidly developed from a small enterprise to a large car company, and in recent years, it has dominated the automotive industry, relying on the development concept of independent innovation.
It shows that if an enterprise wants to develop and grow, it is inseparable from innovation, and only by knowing how to innovate and being good at innovation can it really become bigger and stronger.
In recent years, BYD has also gained a firm foothold in the international market, which has made many old car companies such as BMW ashamed, and even Tesla, the world's top new energy vehicle company, is slightly inferior.
It seems that BYD is leading the global auto industry with unstoppable momentum, which is gratifying to show that the mainland's auto manufacturing industry is getting stronger and stronger.
After entering this year, major domestic car companies have fallen into a price war, and no one is willing to back down.
In order to deal with many joint venture car companies, BYD has reduced the price of several models, but this has not quickly defeated these joint venture car companies, because they are also slashing prices in retaliation.
In this context, BYD decided to use a killer move. Recently, Wang Chuanfu said: In 2026, there will only be 10% of the share of joint venture cars!
Will BYD really get its wish? The answer will be revealed by 2026.
So, what do you think of Wang Chuanfu's bold remarks? Can BYD really get its wish? Welcome to leave a message for discussion.