Byd Company Limited(002594) became the first car company in the world to completely bid farewell to the era of fuel vehicles and enter the era of electric vehicles.
On April 3, Byd Company Limited(002594) automobile officially announced that according to the needs of strategic development, the enterprise will stop the whole vehicle production of fuel vehicles from March, and will focus on pure electric and plug-in hybrid vehicles in the automobile sector in the future. The first financial reporter learned the above news from Byd Company Limited(002594) aspect today.
According to the data, the sales volume of passenger cars in Byd Company Limited(002594) 3 reached 104338, and its electrification rate reached 100%, which once again refreshed the monthly sales record of Shanxi Guoxin Energy Corporation Limited(600617) vehicles 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.
From January to February this year, the sales volume of Byd Company Limited(002594) new energy vehicles was 181000, with a year-on-year increase of 494.28%. Overall, Byd Company Limited(002594) in the first quarter of this year, the sales volume of new energy vehicles and passenger cars reached 285000.
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, the monthly sales volume of fuel vehicles in Byd Company Limited(002594) passenger car segment was 2254, 2795 and 0 respectively.
Although the production and sale of fuel vehicles are suspended, the Byd Company Limited(002594) side said that the enterprise 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, so as to ensure worry free travel.
At the same time, Byd Company Limited(002594) said that the strategic adjustment of the enterprise focused on the national “double carbon” strategic goal, adhered to the new development concept of “innovation” and “green”, and led 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.
Although Byd Company Limited(002594) accelerated the development of new energy vehicles, the enterprise also encountered some challenges due to the rise in the price of raw materials for power batteries in recent years and the impact of the global epidemic Byd Company Limited(002594) in 2021, the operating revenue increased by 38.02% year-on-year, while the net profit attributable to the shareholders of the listed company decreased by 28.08% year-on-year Byd Company Limited(002594) chairman and President Wang Chuanfu said at the forum of the 100 people’s Congress recently that the development of new energy vehicles exceeded expectations and the pace of industry reform may be faster in the future. Over the past year, Byd Company Limited(002594) relying on disruptive technologies such as blade battery, DM-I super hybrid and E platform 3.0, adheres to the two legs of pure electric and plug-in hybrid, ushering in the explosion of technology, products and market. At the same time, he believes that it should also be clear that the industry is still facing severe challenges such as the intensification of the epidemic, the soaring price of raw materials and the instability of the supply chain. The more the industry develops at a high speed, the more we should be prepared for danger in times of safety, strive for progress in stability, and adhere to solving development problems with technological innovation.
Due to cost pressure and other reasons, Byd Company Limited(002594) raised the price of new energy vehicles twice this year. At the same time, Byd Company Limited(002594) increased R & D investment and improved the core technology of the whole industry chain.
According to the estimates of securities companies, from 2020 to 2030, the compound annual growth rate of new energy vehicles in China, the United States and Europe will reach 22.5%, 36.7% and 19.7% respectively. New energy vehicles are in a period of rapid development. In this context, Byd Company Limited(002594) , which has been deeply engaged in the field of new energy for many years, now stops selling fuel vehicles and turns to fully attack the field of new energy vehicles, hoping to grab more cake from it.
