The monthly sales volume of new energy vehicles exceeded 100000, and Byd Company Limited(002594) ( Byd Company Limited(002594) . SZ) finally decided to bid farewell to fuel vehicles.
Red Star capital Bureau noted that on April 3, Byd Company Limited(002594) shares (01211. HK) officially announced that according to its strategic development needs, will stop the whole vehicle production of fuel vehicles from March 2022 in the future, Byd Company Limited(002594) will focus on pure electric and plug-in hybrid vehicle business in the automotive section this marks that Byd Company Limited(002594) has become the first auto company in the world to officially announce the shutdown of fuel vehicles
At the same time, Byd Company Limited(002594) will continue to provide perfect service and after-sales guarantee for existing fuel vehicle customers, as well as the supply of spare parts throughout the life cycle to ensure worry free travel.
The strategic adjustment of Byd Company Limited(002594) , focusing on the national “double carbon” strategic goal, adheres to the new development concept of “innovation” and “green”, and leads the reform of the automobile industry with the driving force of scientific and technological innovation; Promote sustainable social development with a green and low-carbon cycle.
Red Star capital Bureau noted that the new energy business is the core of Byd Company Limited(002594) and its R & D launched core technologies such as blade battery, DM-I super hybrid and E platform 3.0. The strategy of Byd Company Limited(002594) at this stage is to adhere to the “two legs and walking together” of pure electric and plug-in hybrid, in which plug-in hybrid is regarded as the “subverter of fuel vehicles”, and the product price directly refers to the fuel vehicles of the same level, with the characteristics of ultra-low fuel consumption, quiet and smooth, excellent power and so on, which is widely concerned and recognized by the market. The latest generation of DM-I hybrid system has completely abandoned the engine of fuel vehicles and developed a special engine.
It is predicted by people in the industry that the car will become the first car in the world in November.
According to the previous report of Red Star capital Bureau, Byd Company Limited(002594) has been in the middle for 9 consecutive years, ranking first in Shanxi Guoxin Energy Corporation Limited(600617) vehicle sales, and the proportion of new energy vehicle business continues to increase. In 2021, Byd Company Limited(002594) sold 740000 vehicles, including Shanghai Pudong Development Bank Co.Ltd(600000) new energy vehicles, accounting for more than 80%. In February, Byd Company Limited(002594) sold 91078 vehicles, including 88283 new energy vehicles, accounting for 97%.
DM-I plug-in hybrid system has become the engine of soaring sales in Byd Company Limited(002594) 2021. From January to February 2022, Byd Company Limited(002594) of hybrid vehicles sold 91000, accounting for 50.1% of the sales of new energy vehicles, more than half for the first time.
At the same time, Byd Company Limited(002594) ‘s fuel vehicle business has little sense of existence. In 2021, the share of fuel vehicles in Byd Company Limited(002594) total sales dropped sharply, from less than 50% in the first quarter to 30% in the second quarter, less than 10% in the third quarter and only 7.4% in the fourth quarter from January to February 2022, Byd Company Limited(002594) only sold 5049 fuel vehicles and 181000 new energy vehicles.
Electric vehicles are the general trend. According to the data of the passenger Federation, the retail volume of Shanxi Guoxin Energy Corporation Limited(600617) passenger cars reached 2.989 million in the middle of 2021, with a year-on-year increase of 169%. The penetration rate of passenger car market has reached 22.5% in 2020, which has reached 600.5% in 2021. In 2021, the market share of Chinese brand cars exceeded 44%, close to the best level in history.
Byd Company Limited(002594) stopped the production of fuel vehicles from March. Hongxing capital Bureau noted that the production and sales volume of Byd Company Limited(002594) fuel vehicles in March just released showed that the production and sales data of fuel vehicles had been 0
In March of March, the output of Byd Company Limited(002594) new energy vehicles was 106658, with a year-on-year increase of 416.96%; The sales volume was 104878 vehicles, with a year-on-year increase of 422.97%, a record high, and set a new record of monthly sales of Shanxi Guoxin Energy Corporation Limited(600617) vehicles
Among them, 54684 pure electric passenger vehicles were produced, with a year-on-year increase of 266.20%, and the sales volume was 53664, with a year-on-year increase of 271.05%; 51434 plug-in hybrid models were produced, with a year-on-year increase of 853.37%, and the sales volume was 50674, with a year-on-year increase of 857.40%.
Byd Company Limited(002594) 2022 the total installed capacity of power batteries and energy storage batteries of new energy vehicles was about 5.353gwh in March, and the cumulative installed capacity in 2022 was about 14.738gwh.
