Byd announced it would stop producing fuel cars

2022-06-10 0 By

On April 1, Elon Musk announced on Twitter that he would switch from batteries to hydrogen power in 2024.It’s impossible to verify this story because he’s been fooling people on April Fool’s Day for years.However, from the domestic “new energy brother” BYD, but released a really big news: passenger car sales in March reached 104,338, again a record high, and announced to stop the production of fuel vehicles, focusing on EV pure electric and DM plug-in hybrid car business.At the same time, the company will continue to carry out the production and supply of fuel automobile parts, continue to provide perfect service and after-sales guarantee for the existing customers of fuel automobile, as well as the supply of spare parts throughout the life cycle, to ensure the smooth operation.Byd announced a complete suspension of fuel cars this move, shaking the industry.Byd has become the world’s first 100% de-fuel traditional car enterprises, also symbolizing the development of new energy vehicles is about to enter a new stage, or will lead more enterprises to accelerate the speed of new energy, promote the sustainable development of new energy vehicle industry.From the performance of BYD’s car sales in the past decade, byd’s fuel car sales are weak, and the sales trend has been declining year by year.It wasn’t until the rise of new energy vehicles injected new blood into BYD’s car sales that its overall car sales returned to growth.By 2021, BYD’s sales of fuel cars had slipped to 140,000 units, down 41.7% from a year earlier.In sharp contrast, the new energy vehicle business is newly added. In 2021, THE sales volume of BYD’s new energy vehicles exploded to 600,000 units, with a year-on-year growth of 218.30%, realizing the first domestic sales volume of new energy vehicles for nine consecutive years.In 2014, BYD’s new-energy vehicles accounted for only 45 percent of the total, but by 2021, they will account for 82 percent.Byd’s road of “de-fuelization” is very firm and fast. In 2021, byd’s annual sales of new energy vehicles exceeded those of fuel vehicles for the first time. Then BYD announced to stop production of fuel vehicles, and the role of traditional car enterprises to new energy leaders will be replaced.The success of the new energy vehicle business is not only a measure to conform to the trend of social development, but also rescued BYD from the mire of weak car sales, demonstrating byd’s determination to transition to a new energy vehicle enterprise.In a conference call with investors in mid-December 2021, BYD targeted sales of 1.2 million units in 2022, including 600,000 pure electric models and 500,000 to 600,000 plug-in hybrids.According to byd’s latest disclosure of vehicle delivery data in March 2022, as of March, BYD’s cumulative sales of new energy vehicles in 2022 reached 290,000 units, which is nearly half of the total sales in 2021.At this rate, the 1.2 million target by 2022 is out of reach.At the United Nations Climate Change Conference on November 14, 2021, BYD, as the only Chinese automaker, signed a commitment with Volvo, Ford, General Motors, Mercedes-Benz and Jaguar Land Rover, confirming that they would stop selling fuel cars by 2040.But BYD did end production of its gas-powered cars faster than many expected.After all, 2040 is too far away to be proven, while 2022 is right now, and soon to be the world’s first.However, in addition to BYD, more and more domestic and foreign car companies began to formulate a timetable to stop fuel cars, such as Jaguar Land Rover, Hama, BaiC, Changan, etc., are expected to stop production or even stop selling fuel cars in 2025, Audi is expected to stop production of fuel cars in 2026, Volvo proposed to become a pure tram company by 2030.In recent years, ideal, Xiaopeng, NiO and Xiaomi and other Internet giants have entered the building of cars, is aimed at new energy vehicles compared with traditional fuel vehicles for key technology breakthrough difficulty is reduced, more can play the Internet, artificial intelligence and other technical characteristics.In addition, international oil prices continue to rise, the shortage of fossil fuel resources, China depends on imports of more than 70% of oil, and new energy vehicles mainly rely on lithium iron phosphate and other ordinary metal elements, no longer rely on nickel and cobalt, which for China’s energy independence and security, the new energy vehicle industry obviously has more space for development.In addition to favorable policies, new energy vehicles also have structural changes in the international and domestic energy markets, their own technological iteration ability, and the capital market is generally optimistic about multiple positive holding.In addition to marking original articles, all articles published on this platform belong to network information sharing, and the author and source shall be marked when reprinting. If any infringement is involved, please contact to delete