According to the data of the China Association of Automobile Manufacturers, in 2023, the production and sales of new energy vehicles in mainland China will reach 9.587 million and 9.495 million respectively, an increase of 35.8% and 37.9% year-on-year respectively, with a market share of 31.6%.
In addition, in recent years, the mainland's new energy vehicles have also been actively going overseas, and China's new energy vehicle manufacturers represented by BYD have brought China's new energy vehicles to all over the world, and have been welcomed by consumers around the world, among which BYD ATTO 3 has become the sales champion of new energy vehicles in many markets around the world.
In 2023, China's new energy vehicle exports will reach 1.203 million units, a year-on-year increase of 77.6%, helping China become the world's largest auto exporter.
However, the rapid export of China's new energy vehicles has caused some unease in Europe and the United States, and they speculate that China's new energy vehicles are welcomed by the market because they have the advantage of enjoying subsidies.
But is this really the case? A few days ago, a group of Nordic entrepreneurs visited BYD, and the truth of the matter was thoroughly revealed.
According to Shenzhen Satellite TV's "Greater Bay Area Meeting Room" column, on April 12, the Nordic entrepreneur group visited the BYD headquarters in Shenzhen, BYD, as one of the most representative new energy vehicle manufacturers in the mainland, will sell as many as 3.04 million units in 2023, which is equivalent to one out of every 5 new energy vehicles sold in the world is produced by BYD, BYD has become the world's real new energy vehicle sales champion, and their rapid development has also aroused high interest from Nordic entrepreneurs.
During the visit to BYD, they felt the vigorous development of China's new energy vehicles, witnessed the real driving force behind BYD's rapid development, and after visiting BYD, they had a new understanding of China's new energy vehicles.
One of the entrepreneurs was even more outspoken in expressing his appreciation for BYD, saying, "I like BYD's entire development goals and growth path very much, which is both inspiring and motivating for many people. ”
Another entrepreneur said, "In Europe, a lot of people think that BYD is cheap because there is too much government support, so we can't compete with it, but the real reason is innovation and technology, and the focus on making batteries smaller and cheaper."
The reason why BYD can be highly recognized by these Nordic entrepreneurs is because of BYD's long-term accumulation and continuous innovation in the new energy vehicle industry.
BYD can be said to be one of the world's earliest companies involved in new energy vehicles, as early as 2004, BYD began to enter the new energy vehicle industry, in 2004, BYD at the Beijing Auto Show showed its pure electric concept car ET, and in 2008 launched the first new energy vehicle F3DM.
After 20 years of development, BYD has accumulated a large number of technologies in the field of new energy vehicles, and many technologies are in the leading position in the industry, in addition to the battery, motor, electronic control technology firmly in their own hands, BYD's other black technology is a continuous blowout, such as the familiar e platform 3.0, DM-p hybrid technology, blade battery, etc., CBT battery body integration technology, Yi Sifang, Yun Yuan system, Xuanji large model are in the leading position in the industry.
In addition to these visible technologies, BYD has a lot of reserve technologies, and you never know when a big fish will be released in their technical fish pond.
And BYD is not satisfied with the accumulation of these technologies, although many technologies are already in the leading position in the industry, they still continue to invest a lot of money in research and development.
BYD's R&D funds have been growing rapidly in recent years, from 2021 to 2023, BYD's R&D expenses are 7.979 billion yuan, 18.654 billion yuan, and 39.575 billion yuan respectively, BYD's R&D expenses have grown by more than 100% every year in recent years, and the R&D intensity has been rising, and BYD's R&D expenses will account for 6.63% of revenue in 2023, making it one of the largest R&D car companies in the world.
In addition to strong R&D strength, BYD also has a complete industrial chain closed loop, from three electric to chips, to parts production, and vehicle production BYD is its own, this industrial chain closed loop can not only ensure the quality of products, but also achieve cost advantages.
Because of this, in recent years, when new energy vehicles ushered in the outbreak period, BYD seized this opportunity to rise rapidly, which seems to be accidental, but in fact, BYD's 20 years of accumulation.
In fact, BYD is just a microcosm of the rapid development of China's new energy vehicles, through a visit to BYD, these Nordic entrepreneurs also realized that China's new energy vehicles have a strong competitiveness, not by subsidies, but by technological innovation and industrial chain advantages, let's look at a set of data to understand.
At the end of 2012, the number of authorized patents in the field of new energy vehicles in China accounted for only 8% of the total number of patents in the world, ranking third in the world with Germany and South Korea, while the top two patents for new energy vehicles at that time were Japan and the United States, accounting for 60% and 22% respectively.
According to statistics from relevant institutions, as of September 2022, China's new energy vehicle patent applications accounted for 41.20% of the total number of new energy vehicle patent applications in the world, ranking first in the world, while Japan, which ranked second, has dropped to 18.56%.
In addition to the continuous growth of patent applications, the mainland has established the world's most complete new energy vehicle industry chain, and many core components account for the world's largest proportion.
For example, in 2023, more than 60% of the world's electric vehicle batteries will be produced in China, and among the top ten companies in the world's power battery installed capacity, 6 will come from China, and only these 6 Chinese power battery companies will have a total market share of 63.5% in the world in 2023.
Facts have proved that the vigorous development of China's new energy vehicles depends on continuous technological innovation and the improvement of the new energy vehicle industry chain, China's innovative achievements will continue to promote the upgrading of the global automotive industry, and will also bring tangible benefits to global consumers.