Wang Chuanfu, who started with batteries, finally embraced new energy vehicles
On April 3, Byd Company Limited(002594) announced on its social media that it would stop the production of fuel vehicles from March this year. In the future, Byd Company Limited(002594) will focus on pure electric and plug-in hybrid vehicles in the automotive section.
At the same time, Byd Company Limited(002594) promises to customers who have purchased fuel vehicles that it will continue to provide perfect service and after-sales guarantee, as well as the supply of spare parts throughout the life cycle to ensure worry free and smooth travel.
Previously, Volvo, Lincoln and other luxury car brands have announced a clear deadline and will respond with the posture of comprehensive electrification transformation, but Byd Company Limited(002594) is the first automobile enterprise in the world to give up the pure fuel vehicle business.
Byd Company Limited(002594) discontinued fuel vehicles are not surprising to the market. The recent efforts and achievements in new energy vehicles have given it the courage to cut off its retreat.
In 2021, Byd Company Limited(002594) annual sales volume of all passenger cars reached 730000, with a year-on-year increase of 75.4%. The increase was mainly due to the power of new energy vehicles, of which the annual sales volume of new energy passenger vehicles exceeded 590000, accounting for more than 80%, with a year-on-year increase of 231.6%.
In terms of breakdown, the annual cumulative sales of DM models (plug-in hybrid models) was 270000, with a year-on-year increase of 467.6%; The cumulative sales of EV Models (pure electric models) in the whole year was 320000, with a year-on-year increase of 144.9%.
Byd Company Limited(002594) according to the established “walking on two legs” development of DM model and EV model.
This sales volume also puts Byd Company Limited(002594) in the middle and Shanxi Guoxin Energy Corporation Limited(600617) automobile sales volume first. According to the data released by China Automobile Industry Association, the market share of Byd Company Limited(002594) new energy vehicles reached 17.1% in 2021
Byd Company Limited(002594) continues to develop in the field of new energy vehicles. In March this year, Byd Company Limited(002594) sold 106600 new energy vehicles, a year-on-year increase of 416.96%; In the first quarter, Byd Company Limited(002594) the total sales of new energy vehicles reached 286000.
In contrast to the significant growth in sales of new energy vehicles, Byd Company Limited(002594) has “intentional” braking in the field of fuel vehicles.
In March this year, the sales volume of Byd Company Limited(002594) the fuel vehicles was 0. This year, 4635 vehicles were produced and 5049 vehicles were sold.
In fact, since 2008, Byd Company Limited(002594) has seen the market potential of hybrid vehicles, and launched the first plug-in hybrid model F3DM Since then, Byd Company Limited(002594) plug-in hybrid technology has been iterating continuously.
In March 2020, it released a new generation of self-developed lithium iron phosphate battery – “blade battery”, which accelerated the penetration of lithium iron phosphate battery in the field of passenger cars. From April 2021, Byd Company Limited(002594) its new energy vehicles will be equipped with blade batteries.
At the same time, in January 2021, Byd Company Limited(002594) also launched a new hybrid scheme – DM-I super hybrid platform, whose price directly refers to the same level of fuel vehicles and lower fuel consumption. Based on this platform, the company has successively built Qin plus DM-I, song plus DM-I, Tang DM-I and song Pro dm-i.
With the support of blade battery and DM-I platform, Byd Company Limited(002594) sales have increased all the way.
However, due to the shortage of chips and the unstable increase of raw materials, Byd Company Limited(002594) ‘s new energy road is not smooth. In March this year, Byd Company Limited(002594) complained about the delayed delivery.
A Byd Company Limited(002594) owner once told the reporter of the international finance news that he had promised to deliver the car within 120 days, but he was told that he could not pick up the car and could not determine the time of collection by March this year.
At the forum of the 8th China electric vehicle hundred people’s Congress on March 25, Wang Chuanfu, chairman of Byd Company Limited(002594) board of directors, predicted that the market penetration rate of new energy vehicles may exceed 35% in December 2022. This year is the key year for new energy vehicles to take advantage of the trend and accelerate change.
In this critical year, Byd Company Limited(002594) has also taken a key step.
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