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Stopped Production of Fuel Vehicles in March – BYD Focuses on New Energy Vehicle R&D and Production

On the evening of April 5, BYD disclosed the March 2022 production and sales report. In March this year, the company's new energy vehicle production and sales both exceeded 100,000 units, setting a new monthly sales record for domestic new energy vehicles.

It is worth noting that on April 3, BYD announced that according to the company's strategic development needs, the company will stop the production of fuel vehicles from March this year. In the future, in the automotive sector, the company will focus on the development of pure electric and plug-in hybrid vehicles. This also marks that BYD has become the first car company in the world to announce the cessation of the production of fuel vehicles.

BYD's March production and sales data also fully demonstrated the company's achievements and determination to fully embrace new energy. In the first quarter of this year, the cumulative output of BYD's new energy vehicles reached 287,500 units, a year-on-year increase of 416.96%; the cumulative sales volume reached 286,300 units, a year-on-year increase of 422.97%. Among them, the company sold a total of 104,300 new energy passenger vehicles in March, a year-on-year increase of 346% and a month-on-month increase of 19.28%. At the same time, the company's fuel vehicle production and sales were both "0". However, the company also stated that it will continue to provide comprehensive services and after-sales guarantees for existing fuel vehicle customers, as well as the supply of spare parts throughout the life cycle to ensure worry-free travel.

In terms of models, pure electric + hybrid two-wheel drive has an obvious growth trend, forming an accelerated replacement for fuel vehicles. In the first quarter of this year, BYD's sales of pure electric and plug-in hybrid passenger vehicles were 143,000 and 142,000 respectively, a year-on-year increase of 271.1% and 857.4%, and a month-on-month increase of 5.6% and 11.2%.

According to public information, BYD has ranked first in China's new energy vehicle sales for 9 consecutive years. In 2021, BYD will sell 593,000 new energy passenger vehicles, a year-on-year increase of 2.3 times, including 320,000 pure electric passenger vehicles and 273,000 plug-in hybrid passenger vehicles, a year-on-year increase of 1.4 times and 4.7 times. As of February this year, the company's market share of pure electric passenger vehicles and plug-in hybrid passenger vehicles was as high as 18% and 59%, respectively, and the company's leading position in the industry was stable.

In the latest research report, a number of securities companies believe that the comprehensive transformation of new energy is the only way for the company to deeply decarbonize. The company has a clear strategy of developing both hybrid and pure electricity. The DMi platform and E3.0 platform based on blade batteries continue to launch excellent products. The order in hand is full. It is understood that among the models sold by the company, the BYD Han is the most popular, and the monthly sales volume is expected to reach 30,000 after the DM blessing; the pure electric models Yuan PLUS and Dolphin are in short supply. In 2022, the company will successively launch the dynasty series models Han DM-i/DM-p, Tang DM-i/DM-p and remodeled models, marine series models such as seals, sea lions and seagulls, and warship series models of destroyers, cruisers and landing ships , as well as Denza brand and high-end brand models, etc. The rich model matrix will help the company to hit the annual sales target of 2 million vehicles.

With more and more major auto manufacturers transforming into new energy sources, and considering the advantages of no spark, high efficiency, and long life, more and more auto parts begin to use brushless motors. Most of the automotive blowers, water pumps, fuel pumps, battery cooling fans, seat fans and other important components in the market use brushless motors. However, due to the high technical threshold, there are not many technology companies capable of developing and producing brushless motor controllers in China today. As "China's Leading Enterprise in Internal Combustion Engine Parts Industry" with 169 high-tech products and 326 national patents, one of the top 100 innovative enterprises in Jiangsu Province, and a world leader in auto parts, Jiangsu Yunyi Electric Co., Ltd. relies on a strong scientific and technological team and A mature production line system, with the concept of total quality management and the goal of zero quality defects, supports the efficient R&D and mass production of brushless motor controllers with advanced technology and production capacity.

If you have requirements for brushless motor controllers, or want to learn more about brushless motor controllers, please send an email to [email protected]

Jiangsu Yunyi is looking forward to cooperating with you.


Post time: Apr-06-2022