hot search first
Byd Company Limited(002594) announced the world’s first shutdown of fuel vehicles
Source: Sina Weibo
On April 3, ” Byd Company Limited(002594) discontinued fuel vehicles” ranked first in the hot search of sina Weibo. What happened? Let’s have a look.
according to Nanfang + news, on April 3, Byd Company Limited(002594) announced a big news: fuel vehicles have been discontinued since March. At the same time, there is no fuel vehicles in passenger vehicle sales in March
According to the data, the sales volume of passenger cars in Byd Company Limited(002594) 3 reached 104338, and the electrification rate was 100%, which once again refreshed the monthly sales record of Shanxi Guoxin Energy Corporation Limited(600617) cars in China. Specifically, both pure electric and hybrid performance are good. 53664 EV pure electric vehicles and 50674 DM plug-in hybrid vehicles are sold.
Previous data showed that from January to February this year, there were 180399 Byd Company Limited(002594) new energy passenger vehicles, accounting for 97.3% of the total sales of passenger vehicles. Overall, Byd Company Limited(002594) in the first quarter of this year, the sales volume of new energy vehicles and passenger cars reached 284737, and the electrification rate reached 98.3%
Figure: Byd Company Limited(002594) 3 monthly production and marketing express source: Announcement
Just today, Byd Company Limited(002594) officially announced that according to its strategic development needs, it will stop the whole vehicle production of fuel vehicles from March 2022. This indicates that Byd Company Limited(002594) has become the first auto company in the world to officially announce the shutdown of fuel vehicles
Judging from the production and sales in March, Byd Company Limited(002594) has become the world’s first auto enterprise to stop production and sale of fuel vehicles. From January to March this year, Byd Company Limited(002594) passenger car segment sold 2254, 2795 and 0 fuel vehicles respectively, Byd Company Limited(002594) said that in the future, Byd Company Limited(002594) in the automotive segment will focus on pure electric and plug-in hybrid vehicles.
netizens are hot! The general trend of new energy
For Byd Company Limited(002594) this move, netizens have heated discussion one after another.
Fuel car Terminator Byd Company Limited(002594) awesome!
New energy is selling so well that the production capacity can’t keep up. We need to use the production line of fuel vehicles.
This should be the first car company to stop producing fuel vehicles! However, new energy vehicles have become the general trend, which is also good.
For human science and technology, green and tomorrow!
More auto companies will follow up. The future must be the era of new energy, and the future is at hand.
There are also voices that Byd Company Limited(002594) announced to stop the production of fuel vehicles, symbolizing the “end of an era”.
Some netizens said that I also want to buy a Byd Company Limited(002594) , but I can’t pick up the car now.
lithium carbonate prices continued to rise
Byd Company Limited(002594) announced a price increase of up to 6000 yuan
The price of battery grade lithium carbonate in the Chinese market has risen from 60000 yuan / ton at the beginning of 2021 to 500000 yuan / ton recently. The rapid rise of lithium carbonate price has brought great cost pressure to the whole industry chain such as batteries and complete vehicles
Based on the charging capacity of 50kwh, the theoretical cost increase of single vehicle caused by the rising price of lithium carbonate has reached 13000 yuan (iron lithium battery) / 15000 yuan (ternary battery).
The main engine factory generally adjusted the price twice in January and March to cope with the decline of subsidies and the rise of costs. The first price increase was about Dingli Corp.Ltd(300050) 00 yuan, and the price increase was mainly used to cover the impact of the decline of subsidies; With the recent price negotiations between OEM and battery suppliers, the main engine factory has adjusted the price for the second time to cover the rapid rise of battery costs.
as the international oil price continues to soar, on the other hand, the price of new energy vehicles is also rising
In mid March, Tesla and Byd Company Limited(002594) both announced price increases of up to 20000 yuan and 6000 yuan respectively.
According to the reporter, nearly 20 brands of new energy models have announced price increases.
Byd Company Limited(002594) 2021 financial report:
new energy vehicle sales and revenue rose sharply, and net profit fell by nearly 30%
On March 29, Byd Company Limited(002594) ( Byd Company Limited(002594) . SZ) released the annual performance report for 2021.
According to the financial report, Byd Company Limited(002594) 2021 achieved an operating revenue of 216142 billion yuan, a year-on-year increase of 38.02% the net profit attributable to shareholders of listed companies was 3.045 billion yuan, a year-on-year decrease of 28.8% The net cash flow from operating activities was 65.467 billion yuan, an increase of 44.22% year-on-year.
The basic earnings per share was 1.06 yuan / share, a year-on-year decrease of 27.89%. The net profit deducted from non profit was 1.255 billion yuan, a year-on-year decrease of 57.53%.
With regard to the double-digit growth of revenue and the decline of net profit by nearly 30% in 2021, Byd Company Limited(002594) insiders told the 21st Century Business Herald reporter: “in 2021, due to the impact of the global epidemic, the electronic business was under short-term pressure; affected by the rising prices of raw materials and bulk commodities, the overall cost of the company increased. During the period, the sales volume of automobile business increased greatly and the profit of automobile sector increased.”
Byd Company Limited(002594) official data show that in 2021, the sales of Byd Company Limited(002594) new cars reached 730000, a year-on-year increase of 75.4%. Among them, the sales volume of new energy vehicles was 593700, with a year-on-year increase of 231.6%, accounting for more than 80%. The cumulative sales volume of pure electric vehicles and DM hybrid vehicles were 320000 and 270000 respectively, with a year-on-year increase of 44.9% and 467.6% respectively.
sales soared all the way, while the gross profit margin of Byd Company Limited(002594) automobile related business decreased by 7.81% to 17.39% year-on-year.
in the first and second half of the year, the gross profit margin of automobile business was 19.5% in the first half of 2021, and continued to decline to 16.2% in the second half of the year, down nearly 10% compared with the second half of 2020.
with A-share chairman’s early warning on new energy vehicles
“catastrophic overcapacity!”
While new energy vehicles sing all the way, some people in the industry also make different voices.
On April 1, at the annual performance conference of Weichai Power Co.Ltd(000338) 2021, Weichai Group Chairman and CEO Tan Xuguang said that there would be a disastrous overcapacity of new energy vehicles
He said that in recent years, new energy industry “is quite lively, swarming and disorderly competition” , many companies use the capital market to mix private activities with the capital concept of new energy vehicles, expand wealth through the capital market, resulting in disorderly expansion of the new energy industry
“I said this after careful consideration, not nonsense.” At the performance press conference, Tan Xuguang particularly stressed the prudence of the above judgment and said that this is a phenomenon that the industry can see clearly.
It is noteworthy that Lin nianxiu, deputy director of national development and Reform Commission, also highlighted the issue of new energy vehicle production capacity at the forum of China electric vehicle hundred people’s Congress (2022) held a few days ago
Lin nianxiu said that it is necessary to encourage and guide key areas to formulate industrial development plans. Vehicle enterprises should highlight key layout and rely on the agglomeration development of existing production bases. Before the existing base reaches a reasonable scale, there will be no new capacity distribution
new energy vehicle capacity to “burst”
In recent years, under the guidance of policies, local governments are scrambling to layout new energy vehicle planning projects, adding a lot of planning capacity.
According to relevant data, at present, enterprises with production qualification are expected to have tens of millions of production capacity under construction, most of which are new energy vehicles
However, with the rapid expansion of the overall scale of the industry, the differentiation within the industry is becoming more and more obvious.
According to the data of China Automobile Industry Association, among the 98 automobile production enterprises counted in 2021, more than 50 enterprises produced less than 1000 vehicles per month, of which nearly 20 were in suspension and produced 0 vehicles per month.
The total sales volume of the top ten enterprise groups accounts for about 90% of the total automobile sales, and the productivity utilization efficiency is much higher than the industry average level, or even 100%.
Obviously, in the existing capacity, there are both insufficient and idle parts. Previously, the national passenger car market information joint meeting publicly warned that automobile industry should not only solve the problem of overcapacity of traditional vehicles, but also prevent overcapacity of new energy vehicles
Source: 21st Century Business Herald (author: Song Doudou), Nanfang +, announcement of listed companies, securities times, public data, etc
