That is some really crazy growth. If they just maintain 100k a month they'd sell 1.2 million in 2022. I can see them easily reaching 1.5m
BYD sells 104,878 NEVs in March, up 333% year-on-year
Apr 3, 2022 19:24 GMT+8
BYD (OTCMKTS: BYDDY, HKG: 1211) sold more than 100,000 new energy vehicles (NEVs) for the first time in March and announced that the company has stopped producing fuel vehicles.
BYD sold 104,878 NEVs in March, up 333 percent year-on-year and up 18.8 percent from 88,283 vehicles in February.
That includes 104,338 passenger cars, and 540 commercial vehicles, the company said in an filed with the Hong Kong Stock Exchange today.
Among new energy passenger vehicles, BYD sold 53,664 pure electric vehicles in March, up 229 percent from 16,301 units a year earlier. It sold 50,674 plug-in hybrids in March, up 615 percent from 7,085 units a year earlier.
since March 2022, saying it is based on strategic development needs.
In the automotive section, BYD will focus on pure electric and plug-in hybrid vehicle businesses in the future, it said, adding that it will continue with the production and supply of fuel vehicle parts.
BYD's move seems to be expected, as its fuel vehicle sales have been decreasing as a percentage of total sales in the past few months.
In February, BYD sold 91,078 units of all vehicles, of which only 2,795 were fuel vehicles, a 3 percent share.
BYD produced 106,658 NEVs in March, up 396 percent from 21,492 units in the same month last year.
The company produced 106,118 new energy passenger cars and 540 new energy commercial vehicles in March. The production of new energy passenger vehicles included 54,684 pure electric vehicles and 51,434 plug-in hybrids.
The company's total installed capacity of NEV power batteries and energy storage batteries in March was about 5.353 GWh, up 16 percent from 4.615 GWh in February.
New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
BYD sells 104,878 NEVs in March, up 333% year-on-year
Apr 3, 2022 19:24 GMT+8
BYD (OTCMKTS: BYDDY, HKG: 1211) sold more than 100,000 new energy vehicles (NEVs) for the first time in March and announced that the company has stopped producing fuel vehicles.
BYD sold 104,878 NEVs in March, up 333 percent year-on-year and up 18.8 percent from 88,283 vehicles in February.
That includes 104,338 passenger cars, and 540 commercial vehicles, the company said in an filed with the Hong Kong Stock Exchange today.
Among new energy passenger vehicles, BYD sold 53,664 pure electric vehicles in March, up 229 percent from 16,301 units a year earlier. It sold 50,674 plug-in hybrids in March, up 615 percent from 7,085 units a year earlier.
since March 2022, saying it is based on strategic development needs.
In the automotive section, BYD will focus on pure electric and plug-in hybrid vehicle businesses in the future, it said, adding that it will continue with the production and supply of fuel vehicle parts.
BYD's move seems to be expected, as its fuel vehicle sales have been decreasing as a percentage of total sales in the past few months.
In February, BYD sold 91,078 units of all vehicles, of which only 2,795 were fuel vehicles, a 3 percent share.
BYD produced 106,658 NEVs in March, up 396 percent from 21,492 units in the same month last year.
The company produced 106,118 new energy passenger cars and 540 new energy commercial vehicles in March. The production of new energy passenger vehicles included 54,684 pure electric vehicles and 51,434 plug-in hybrids.
The company's total installed capacity of NEV power batteries and energy storage batteries in March was about 5.353 GWh, up 16 percent from 4.615 GWh in February.
This is great. I have been following them for a long time. It's amazing to see the progress they have made since those early days of selling cheap ICE cars and some hybrids. No reason to keep selling cars without demand. Ask time goes on, I'd imagine they would switch over to purely EV sales.
I'm actually surprised they kept selling ICE cars as long as they did. Removing that from their lineup will allow them to reduce supply chain to just NEV suppliers and convert factory/assembly space to assemble the much higher in demand NEV vehicles.
I remember in the late 2000s when I learned about BYD and saw their lineup of EVs/hybirds namely the e6 and F3DM of the time, which weren't all that impressive looking but was rare among the new breed of being EVs themselves.
But even back then I felt like they had the foundations to be a successful company in EVs, and they really are now shaping up to be a giant in both scale and technologies, now that all the ducks have been put in a row.
And more good news...
CATL remained the world's largest power battery supplier in the first two months of the year, while BYD beat Panasonic to rise to third place, according to a recent report.
In January-February, global power battery shipments stood at 53.5 GWh, up more than 100 percent from the previous year, said Friday, citing data released by market research firm SNE Research on March 31.
CATL (SHE: 300750) still holds the top spot, shipping 18.4 GWh in January-February, with a 34.4 percent market share, according to the data.
LG Energy Solution shipped 7.4 GWh, up 37.6 percent from a year ago. Although it came in second, its market share fell from 20.7 percent to 13.8 percent, according to the data.
BYD (OTCMKTS: BYDDY, HKG: 1211) beat Panasonic to third place with an 11.9 percent market share, which ranked fourth with 10.8 percent.
SK On battery shipments increased from 1.4 GWh to 3.5 GWh, and its market share increased from 5.4 percent to 6.5 percent, ranking fifth.
In China, CATL's power battery installed base in February was 6.57 GWh, capturing 48.02 percent market share, according to data released by the China Automotive Battery Innovation Alliance (CABIA) early last month. Data for March is currently unavailable.
BYD's power battery installed base in China in February was 2.9 GWh, with a market share of 21.24 percent, up from 20.93 percent in January.
CATL remained the world's largest power battery supplier in the first two months of the year, while BYD beat Panasonic to rise to third place, according to a recent report.
In January-February, global power battery shipments stood at 53.5 GWh, up more than 100 percent from the previous year, said Friday, citing data released by market research firm SNE Research on March 31.
CATL (SHE: 300750) still holds the top spot, shipping 18.4 GWh in January-February, with a 34.4 percent market share, according to the data.
LG Energy Solution shipped 7.4 GWh, up 37.6 percent from a year ago. Although it came in second, its market share fell from 20.7 percent to 13.8 percent, according to the data.
BYD (OTCMKTS: BYDDY, HKG: 1211) beat Panasonic to third place with an 11.9 percent market share, which ranked fourth with 10.8 percent.
SK On battery shipments increased from 1.4 GWh to 3.5 GWh, and its market share increased from 5.4 percent to 6.5 percent, ranking fifth.
In China, CATL's power battery installed base in February was 6.57 GWh, capturing 48.02 percent market share, according to data released by the China Automotive Battery Innovation Alliance (CABIA) early last month. Data for March is currently unavailable.
BYD's power battery installed base in China in February was 2.9 GWh, with a market share of 21.24 percent, up from 20.93 percent in January.
supercat
Major
Comparison of BYD and Tesla:
BYD news:
- Q1 2022 EV sales: BYD 284,737 in China, Tesla 310,048 globally
- "BYD's China deliveries may surpass Tesla's global deliveries in 2022."
- "BYD’s electric buses alone offset nearly twice as much oil as Tesla’s entire fleet."
- "BYD’s entire (EV) fleet offsets 2.3x more barrels of oil than Tesla, every day."
BYD news:
- Breaking news: BYD stopped the production of ICE cars in March and became a dedicated EV maker.
- 406 electric buses for Colombia
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Seems like it was offset by drop in CATL market share? CATL used to have 50% iinm
not pay-walled.
The beginning of the end of combustion vehicles?
In China yes, to be honest China was never able to close the gap with the traditional car makers when it came to combustion engines.Its going to be NZ loss, but I do not think they will be changing to electric cars in great numbers.because of its love affairs with Toyotadiesel Hi Luxs and the good old Ford Rangers.