On the first day of the long holiday, Xiao Bian, who was just going to lie down and rest for a day, was caught off guard and dragged into the working mode by an explosive news: Byd Company Limited(002594) announced to stop the production of fuel vehiclesp align=”center”>
On April 3, Byd Company Limited(002594) said on its wechat, microblog and other official channels: according to the needs of strategic development, Byd Company Limited(002594) automobile 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 vehicles in the automotive sector.
Subsequently, Byd Company Limited(002594) announced to stop the production of fuel vehicles directly on the microblog hot search first!
Byd Company Limited(002594) has thus become the world’s first traditional car company to stop production of fuel vehicles.
In this regard, Cui Dongshu, Secretary General of the Federation of passengers, commented quickly: Byd Company Limited(002594) stopping the sale of traditional fuel vehicles is an example of the world’s auto enterprises.
A person from a traditional car company in the children’s circle of friends also shouted: “come so fast!”
Byd Company Limited(002594) ‘s operation also aroused enthusiastic discussion among netizens!
There are many voices of support, believing that the general trend of new energy vehicles is irreversible. There are also those who are not optimistic about it. They think it is too early, and the pain points such as electric vehicle endurance and charging are still there. Of course, from the statement, Byd Company Limited(002594) gave up the pure fuel vehicle and chose pure electric and plug-in hybrid walking on two legs. There are many views that Byd Company Limited(002594) with the advantages of DMI, it can “no longer need fuel vehicles”.
In this regard, Zhang Xiang, President of New Energy Vehicle Technology Research Institute of Jiangxi new energy technology vocational college admitted that Byd Company Limited(002594) stopping the sales of pure fuel vehicles is a natural thing. First, the sales volume of hybrid and pure electric vehicles is high, and the earlier the transformation is, the more favorable it is; Second, the sales volume of its fuel vehicles is not high, and the restriction on the average fuel consumption of passenger vehicles and the guidance of the double integral policy also make Byd Company Limited(002594) focus more on hybrid and pure electricity.
Zhang Xiang said that new energy vehicles are not only the development trend in the future, but also the hot spot of investment. The sales volume of Tesla and other car enterprises is far lower than that of Volkswagen, but the market value is very high Byd Company Limited(002594) the share price is expected to rise further after the announcement of the suspension of the sale of fuel vehicles.
Cui Dongshu also believes that due to the technological breakthrough of blade battery and DM-I hybrid technology, coupled with its strong industrial capacity of vertical integration, Byd Company Limited(002594) can achieve good consumption upgrading by replacing fuel vehicles with plug-in hybrid vehicles, so as to effectively replace international brand fuel vehiclesp align=”center”> 0 7
Monthly sales exceeded 100000 for the first time
The proportion of pure electricity and hybrid is basically the same
Technical advantages are one of the reasons why Byd Company Limited(002594) stops selling pure fuel vehicles. Its high sales of pure electric and hybrid models also give it the courage to shout “stop burning”.
According to the data, in the past year, Byd Company Limited(002594) relying on advanced technologies such as blade battery, DM-I super hybrid and e-platform 3.0, and adhering to the “two legs” walking of pure electric and plug-in hybrid, ushered in the explosion of technology, products and market. The annual sales of 740000 vehicles, including Shanghai Pudong Development Bank Co.Ltd(600000) new energy vehicles, increased by 220% year-on-year.
Since the beginning of this year, Byd Company Limited(002594) has continued to take advantage of the trend. From January to February, the sales volume of new energy vehicles exceeded 180000, a year-on-year increase of five times Byd Company Limited(002594) automobile released the sales express in March, which showed that the sales of Byd Company Limited(002594) automobiles were 104338, with a year-on-year increase of 160.9%.
This is the first time that the monthly sales volume of Byd Company Limited(002594) has exceeded 100000. What is more noteworthy is that in Byd Company Limited(002594) 3, the sales volume of pure fuel vehicles was 0, and the sales volume was all contributed by the plug-in hybrid and pure electric product lines: in March, the sales volume of DM plug-in hybrid models was 50674, a sharp increase of 615.2% year-on-year; The sales of EV models were 53664, with a year-on-year increase of 229.2%. The proportion of pure electric and hybrid products is basically the same.
It seems that the price rise is still no match for consumers’ enthusiasm for buying cars. and! In April, it was announced to stop production from March, Byd Company Limited(002594) is “stop production first, and then official announcement”. It is worthy of being a leader of new energy vehicles. Just do what you sayp align=”center”> 02
Wang Chuanfu: innovative technology, accurate strategy and flexible decision-making are needed during the great change
Therefore, when Wang Chuanfu, chairman and President of Byd Company Limited(002594) delivered a speech at the forum of China electric vehicle hundred people’s Congress (2022) held at the end of March, Byd Company Limited(002594) has stopped production of pure fuel vehicles.
In his speech, he said that new energy vehicles have been raised to an unprecedented height of national development. Moreover, new energy vehicles have exploded huge energy and become the “pillar” for the transformation of new and old kinetic energy of the industry and promoting consumption. Last year was the first year of the development of China Shanxi Guoxin Energy Corporation Limited(600617) automobile. The industry entered a new stage of market-oriented development and achieved a milestone leap.
“The development of new energy vehicles exceeded expectations last year, and the pace of industry reform in the future may be faster than expected.” Wang Chuanfu said that on the one hand, there are more and more positive factors promoting the accelerated development of new energy vehicles at the levels of technology, products, market and policy; On the other hand, there are more and more negative factors restricting fuel vehicles due to the pressure of rising oil prices, emission upgrading, energy conservation and environmental protection and industrial transformation.
“New things are changing faster and more efficiently in the Chinese market than in foreign countries”, “new energy vehicles have surpassed traditional fuel vehicles in terms of performance, shape, noise, acceleration, smoothness, intelligence and use cost”, “the penetration rate of Shanxi Guoxin Energy Corporation Limited(600617) vehicles is expected to reach 35% by the end of this year”, “the replacement of fuel vehicles by new energy vehicles will only be fast, not slow” “In the end, the speed of change is beyond imagination, and so is private cars.”
Wang Chuanfu finally said: “during the great change, we need innovative technology, accurate strategy and flexible decision-making”. Now looking back at his speech, we can see Byd Company Limited(002594) ‘s decision-making considerationsp align=”center”> 0 3
Byd Company Limited(002594) has been proofed,
Do other car companies follow?
In fact, many traditional car companies have given a timetable for stopping the sale of fuel vehicles, and Byd Company Limited(002594) is the first car company to really “eat crabs”.
Jaguar: by 2025, Jaguar will be transformed into a zero emission vehicle brand, and Land Rover plans to significantly expand the number of electric vehicles. By 2030, all Jaguar Land Rover models will be available in a pure electric version.
General motors: in 2025, General Motors will launch 30 pure electric models around the world. It hopes to stop the production of all cars, pickups and SUVs driven by diesel and gasoline by 2035.
Volvo: promote innovation and become a pure electric luxury car enterprise in 2030.
Mini: pure electric vehicles will be sold from 2030, and the last mini model with internal combustion engine will be put on the market in 2025.
Audi: from 2026, the new models launched by Audi for the global market will be fully switched to pure electric products. By 2033, Audi plans to gradually stop the production of internal combustion engines, with the goal of achieving zero carbon emission by 2050 at the latest.
Honda: in 2030, the sales proportion of Honda EV and FCV will be increased to 40%; Increase to 80% in 20 By 2040, we will reach the goal of 100% globally.
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The timetable given by the above car companies is also very “radical”. Is there any? In this regard, Xiaobian can only sigh that the general trend of new energy vehicles is unstoppable.
China is a large country of new energy vehicles, and its production and sales volume has ranked first in the world for seven consecutive years. In February this year, the retail penetration rate of Shanxi Guoxin Energy Corporation Limited(600617) vehicles in China reached 21.8%, while the penetration rate of Shanxi Guoxin Energy Corporation Limited(600617) vehicles in March reached 28%. Although new energy is “raising prices” due to factors such as raw materials, it is still unable to resist consumers’ enthusiasm for new energy models.
Cao Guangping, an independent researcher of new energy enterprises, said that all new energy enterprises are basically independent. Some routes are conservative. For example, Toyota has new hybrid and battery technologies and new fuel cell technologies, which can be laid out in a leisurely manner. Tesla and other enterprises are more radical. They directly engage in pure electricity and are blessed with intelligent and multifaceted innovation. They have basically passed the stage of climbing a small slope in output Byd Company Limited(002594) has hybrid and pure electricity in hand. Even if the fuel truck cuts off, the left hand is not too painful. It belongs to playing chess first. Of course, some enterprises have “both difficulties and hope, both limitations and progress” in new energy.
From the perspective of the Byd Company Limited(002594) no, it’s only a matter of timing to stop fuel vehicles. 2022 should be the critical point that they think is better, so they should follow the trend and take the lead in taking this step. Focusing on new energy vehicles and unloading the burden of fuel vehicles can make Byd Company Limited(002594) better complete the transformation, seize the high point of the industry earlier and lead the industrial reform.
At present, many auto enterprises have developed the new energy vehicle business division independently. Zhang Xiang said that auto enterprises will separate the new energy vehicle sector and compete with new forces, which is conducive to the development of their capital market. The new energy vehicle sector can also operate more flexibly and invest more resources. Moreover, for some traditional automobile enterprises, the performance of fuel vehicles is mediocre, and focusing on new energy vehicles is also a way of future development. “For the end vehicle enterprises, the annual sales volume is very low. It’s better to get rid of the burden if you lose one fuel vehicle.” He said.
Finally, Xiaobian would like to say that users who buy Byd Company Limited(002594) fuel vehicles don’t have to worry Byd Company Limited(002594) said that it would 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.
