The New Four Modernizations Wave! The Era Behind BYD's 5-millionth New Energy Vehicle Offline | New Energy | Automobile
On August 9th, BYD ushered in a historic moment - its 5th millionth new energy vehicle was officially launched. It is worth mentioning that BYD has also become the world's first car company to achieve this milestone. Of course, this is not only a witness to BYD's development, but also a witness to the growth of Chinese automotive brands. At the press conference, not only BYD, but also leading companies in China's automotive new energy industry jointly witnessed the new achievements of China's large-scale development of new energy vehicles.
New energy vehicles are the main direction for the transformation, upgrading, and green development of the global automotive industry, and also a strategic choice for the high-quality development of China's automotive industry. BYD's 5th millionth car officially went offline, which is an important historical moment and the best gift to pay tribute to the 70th anniversary of China's automotive industry.
As a very interesting user of the 5th millionth new energy vehicle, Wang Chuanfu specially delivered the Tengshi N7 to this owner and received the delivery from app founder Luo Zhenyu.
Driven by the wave of "new four modernizations" in the automotive industry, BYD's new energy vehicle industry has made rapid progress at a speed that has attracted global attention. As a pioneer and promoter of the new energy vehicle industry, BYD has persisted for 20 years before ushering in its current high-speed development. Even though BYD faced questioning and opposition from various sectors at the beginning of car manufacturing, it still firmly entered the field of new energy vehicles and always adhered to technological innovation.
As of now, BYD has 11 research institutes, over 90000 R&D personnel, and a total R&D investment of over 100 billion yuan. On average, it submits 19 patent applications every working day and has obtained 15 patent authorizations. BYD has launched a series of disruptive technologies such as blade batteries, DM hybrid, CTB battery body integration, Yisifang, Yunnian, etc., continuously driving the continuous transformation of the new energy vehicle industry.
In the wave of the new energy era, domestic car enthusiasts have created a lot of breakthroughs, from imitation in the fuel era to strong competition in new energy vehicles. This is a change of the times, and it is also the result of the efforts of domestic car enthusiasts. Previously, most of the car parts were imported from abroad, but now: China's new energy vehicle exports are the world's largest, with over 60% of new energy vehicles produced and sold in China. China's new energy vehicle patent disclosure accounts for 70% of the world's total, and over 63% of the world's power batteries are supplied by China. Domestic car enthusiasts have already mastered the core technology of automobiles and a relatively complete industrial chain. The automotive industry has developed with technology and industry, becoming a strong car in the automotive industry that will not be hindered. And there is no doubt that for BYD, the discontinuation of 5 million new energy vehicles is not only a new breakthrough, but also a new starting point.
With the vigorous development of new energy vehicles, Wang Chuanfu believes that by 2025, the penetration rate of domestic new energy vehicles may exceed 60%, and the competitiveness of domestic automobile brands will be greatly strengthened. The market share of domestic automobile brands will rise to 70%, which will be very meaningful and will also change the current world pattern of automobile products. Domestic automobile brands will grow into world-class great brands, which is highly anticipated. At the same time, it should also be noted that the competition in the international automotive industry is a major one, so Chinese cars should also stand together and compete comprehensively with international brands.
From January to June this year, BYD's overseas sales reached 74300 units, exceeding last year's total overseas sales of 55900 units. At present, BYD's new energy passenger vehicles have entered 53 countries and regions including Japan, Germany, Australia, Singapore, Thailand, Brazil, New Zealand, etc., and the global map has been further improved.
At present, China has officially surpassed Japan to become the world's largest automobile exporter, and China's automobile exports are showing a high-speed growth trend. It can be foreseen that as BYD's product matrix continues to strengthen and its overseas layout continues to expand, sales will maintain a strong growth momentum.
Over the past 20 years of long-term persistence, BYD has firmly established its leading position in the new energy vehicle industry. With the high-quality development of its multi brand strategy and overseas strategy, BYD will seize the opportunity and move forward, bringing Chinese brands to the center of the world stage and helping to cool the earth by 1 ℃.
In the long run, BYD's going global at this time can be said to have taken advantage of time and location. From the research on the acceptance of new energy consumption in the European market, it can be seen that 2023 and 2024 will usher in the years with the highest acceptance and growth rate of new energy products in Europe. At the same time, due to the limited competitiveness of the new energy products currently being launched by traditional European car companies, there will be a period of imbalanced supply and demand. If BYD can seize the time point and fully utilize the excellent image of Chinese cars in the global market, it will undoubtedly accelerate the opportunity to go global.
