Smart and Sustainable Electric Mobility
Among the top 10 best-selling EVs, Tesla accounted for 2 and BYD 5. It is worth noting that in addition to Tesla, the other 8 vehicles are all from Chinese companies.
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The BYD Song Plus Campion Edition hit the pre-sales in China with a starting price of 23,800 USD and 605 km of range in an electric version.
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Pre-sales for the new Song Plus DM-i start at RMB 169,800 and the Song Plus EV at RMB 179,800.
(Image credit: BYD)
BYD (OTCMKTS: BYDDY) has been rolling out updated versions of its existing models over the past few months, and now it's the turn of the Song Plus line of SUVs.
BYD today began pre-sales of the 2023 Song Plus DM-i and Song Plus EV, and as it has done previously, the new energy vehicle (NEV) giant is naming these improved models Champion Editions.
BYD stopped production and sales of vehicles powered entirely by internal combustion engines in March 2022 to focus on plug-in hybrid models and pure electric models, the former being the DM series and the latter being the EV series.
Its product array includes the Dynasty series and the Ocean series, while the Song family models include both the Song Pro DM-i and Song Max DM-i in the Dynasty series and the Song Plus models in the Ocean series.
The new Song Plus DM-i is available in four versions with starting prices of RMB 169,800 ($23,810), RMB 179,800, RMB 189,800 and RMB 199,800 respectively.
The previously available BYD Song Plus DM-i was offered in seven versions with starting prices ranging from RMB 154,800 to RMB 218,800.
This means that the starting price of the 2023 Song Plus DM-i has been increased by RMB 15,000.
It is worth noting, however, that the Song Plus DM-i's two previously least expensive versions had an NEDC battery range of just 51 kilometers, which BYD has eliminated on the improved versions of the model.
The entry-level version of the new Song Plus DM-i has a battery range of 110 km and costs slightly more than the previous 110 km range version at RMB 167,800.
Nevertheless, BYD is likely to let the price drop when the model is officially launched, as is its usual practice.
The Song Plus EV Champion Edition also comes in four versions, starting at RMB 179,800, RMB 189,800, RMB 199,800 and RMB 219,800 respectively.
The previously available 2022 Song Plus EV has only two versions, with starting prices of RMB 186,800 and RMB 203,800 respectively. They both have an NEDC range of 505 km.
This represents a RMB 7,000 reduction in the starting price of the 2023 Song Plus EV.
The length, width and height of the new BYD Song Plus are 4,775 mm, 1,890 mm and 1,670 mm respectively, with a wheelbase of 2,765 mm.
For comparison, the old Song Plus has a length, width and height of 4,705 mm, 1,890 mm and 1,680 mm, respectively, and a wheelbase of 2,765 mm.
This means that the new Song Plus is longer but lower than the previous model.
The Song Plus DM-i Champion Edition is powered by an engine with a maximum power of 81 kW and uses an electric motor with a maximum power of 145 kW and a top speed of 170 km/h.
Compared to the old Song Plus DM-i, the engine power of the new model remains the same, but the electric motor power is higher than the 135 kW of its predecessor.
The Song Plus DM-i Champion Edition is available in two pure electric range versions with NEDC ranges of 110 km and 150 km and battery pack capacities of 18.3 kWh and 26.6 kWh, respectively.
The 2022 Song Plus DM-i has an NEDC range of 51 km, 100 km and 110 km and a battery pack capacity of 8.3 kWh and 18.3 kWh, respectively.
The Song Plus EV Champion Edition has two range versions with NEDC ranges of 520 km and 650 km, and a blade battery capacity of 71.8 kWh and 87.04 kWh, respectively.
The older Song Plus EV has an NEDC range of 505 km and a battery pack capacity of 71.7 kWh.
($1 = RMB 7.1304)
BYD confident of gaining higher market share in next 3-5 years, says president
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Wang believes that the NEV change is a technological revolution, and only companies with core technologies will survive.
BYD is confident of gaining a higher market share in the next 3-5 years, said Wang Chuanfu, chairman and president of the Chinese new energy vehicle (NEV) giant, at its 2022 annual shareholders meeting today.
Commenting on the price war in China's auto industry, Wang said BYD's scale, brand and technology advantages will help it outperform its peers in future competition.
From January to April, BYD retail sales in China rose 79.2 percent to 702,608 units, taking the No. 1 spot with an 11.9 percent share, according to a ranking released last month by the China Passenger Car Association (CPCA).
FAW-Volkswagen sold 509,774 units at retail during the period, up 1.4 percent year-on-year, and ranked second with an 8.6 percent share, according to the ranking.
BYD sold 240,220 NEVs in May, up 108.99 percent from 114,943 units in the same month last year, according to data it released on June 1. The CPCA is expected to release its May sales rankings in the coming days.
On March 29, Wang said BYD aims to become the largest automaker in China by the end of this year.
The NEV industry is poised for big changes in the next 3-5 years, and the pace of change is now accelerating, Wang said today, adding that this is expected to accelerate further in the future and could exceed expectations.
For BYD, the toughest period is over and it will have a strategic opportunity period, Wang said.
BYD will leverage its existing industrial chain advantages, cost advantages, technology advantages and product advantages to further optimize its brand image and lead China's NEVs to the world, he said.
BYD has been vigorously expanding its production capacity in various regions since last year, and has now basically solved the problem of imbalance between supply and demand, Wang said.
The company's current production capacity and output of components can meet future market demand, he said, adding that BYD has made arrangements to meet the growing demand in overseas markets.
Wang believes that the NEV change is a technological revolution, and only companies with core technologies will survive.
If a company simply assembles, the probability of surviving is small, he said.
Companies that survive will also have a good strategic direction, because the industry's opportunity window is only 3-5 years, and the choice of models and technology lines is important, according to Wang.
He highlighted the importance of quick decision-making mechanisms, saying that auto companies tend to be large and have long decision-making mechanisms, but the NEV market is like a battlefield, requiring quick decisions.
Wang also mentioned his views on smart driving, saying that in the absence of changes in laws and regulations, smart driving technology is likely to be only an assist and difficult to commercialize.
In fully autonomous driving, any one safety accident will expose car companies to great responsibility and may drag down the sales of the whole model, he said.
Full CPCA rankings: Top-selling models and automakers in China in Apr
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Cumulative sales of Han family models reached 505,062 units and Tang family reached 501,662 units.
(Image credit: BYD)
BYD's (OTCMKTS: BYDDY) two flagship models have both sold more than 500,000 units since their launch, putting combined sales over the 1 million mark.
Cumulative sales of BYD's flagship Han family of sedan models reached 505,062 units and cumulative sales of its flagship Tang family of SUVs reached 501,662 units, bringing total sales of the two models to more than 1 million units, the new energy vehicle (NEV) maker announced today.
The BYD brand's product array includes the Dynasty and Ocean series, with the Han and Tang being models in the Dynasty lineup, which includes both plug-in hybrid and pure electric versions.
The company launched the first-generation Han model in July 2020 and they see cumulative sales of more than 100,000 units in July 2021, according to data monitored by CnEVPost.
On March 16, BYD made the 2023 Han EV available, and on May 18, the hybrid Han DM-i and Han DM-p variants were launched.
BYD sold 240,220 NEVs in May, with Han family models contributing 20,387 units, down 14.82 percent year-on-year but up 42.28 percent from April.
From January to May, the Han family of models sold 71,784 units, up 63.72 percent year-on-year.
The BYD Tang originally debuted at the 2014 Beijing auto show and began production in 2015.
The Tang family of models sold 11,871 units in May, up 40.50 percent year-on-year and up 0.95 percent from April.
From January to May, Tang sold 56,682 units, an increase of 18.85 percent year-on-year.
BYD made the 2023 Tang DM-i available on March 16.
Both BYD Han and Tang family models target the mainstream market in the price range of RMB 200,000 ($28,090) - 300,000.
($1 = RMB 7.1197)
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The new brand's official name could be Fangchengbao, with the first model expected to compete with the Mercedes-Benz G-Class. | BYDDY.US | BYD HK
(Image credit: Fangchengbao)
BYD (OTCMKTS: BYDDY) is starting to warm up its new brand, internally codenamed F brand, with its official launch set for later this month.
BYD's professional, personalized brand coming soon, the new energy vehicle (NEV) giant said on Weibo today.
"The door to F is now open," BYD said, suggesting that the new brand is the F brand.
At the same time, a Weibo account called "Fangchengbao" (literally, Formula Leopard) was registered and verified today.
Fangchengbao may be the official name of the F brand, as the background image of its profile is similar in style to the video accompanying BYD's preview Weibo today.
(Screenshot of BYD Weibo's video.)
BYD registered the Fangchengbao trademark in August last year. Late last month, the name of Shenzhen BYD Auto R&D Co Ltd changed to Shenzhen Fangchengbao Automobile Sales Co Ltd, perhaps paving the way for the brand's launch.
BYD said at an event marking the rollout of the company's 3 millionth NEV on November 16, 2022, that in addition to the Yangwang brand, BYD will launch a highly specialized and personalized new brand in 2023.
The new brand will meet the increasingly personalized needs of consumers, and it will focus on building with users, BYD chairman and president Wang Chuanfu said at the time.
In February, local media reported that the new brand's internal code name would be F brand. BYD subsequently confirmed it.
On March 31, CnEVPost learned that the new brand is expected to officially launch its first model codenamed SF in June to target a market with prices ranging from RMB 400,000 ($56,260) to 600,000.
Xiong Tianbo, former head of BYD's sales research institute, will be the general manager of the F brand's sales division, leading the brand's product planning, channel sales and brand building, a company insider previously told CnEVPost.
CnEVPost obtained several spy photos of the SF model in March and learnt that the first model of the F brand is expected to compete with the Mercedes-Benz G-Class.
($1 = RMB 7.1094)
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BYD also registred 54 EVs, slightly up from April.
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Sales of China-made Tesla vehicles rose 2% month-on-month and 141% year-on-year this month. This was mainly due to a decline in factory output due to the coronavirus outbreak in Shanghai during the same period last year.
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In January-April, CALB's power battery installations of 8.4 GWh surpassed Samsung SDI's 7.5 GWh, according to SNE Research.
China's CATL and BYD (OTCMKTS: BYDDY) continued to be the world's two largest power battery manufacturers in January-April, the latest data show.
In January-April, global battery consumption for electric vehicles (EVs) totaled 182.5 GWh, up 49 percent from 122.5 GWh in the same period last year, according to data released today by South Korean market research firm SNE Research.
Among them, CATL installed 65.6 GWh of batteries from January to April, up 55.6 percent from 42.1 GWh in the same period last year.
The Chinese power battery giant continues to rank No. 1 in the world with a 35.9 percent share and remains the only one in the world with a market share of more than 30.0 percent.
This was higher than its 34.4 percent share in the same period last year and up from its 35.0 percent share in the January-March period.
CATL's batteries are installed in many major passenger EV models in China's domestic market, such as the Tesla Model 3, Model Y, SAIC Mulan, GAC Aion Y and NIO ET5, as well as Chinese commercial vehicle models, and continue to grow steadily, SNE Research said.
BYD installed 29.4 GWh of power batteries from January to April, up 108.3 percent from 14.1 GWh in the same period last year.
The company ranked second with a 16.1 percent share from January to April, up from 11.5 percent in the same period last year but down from 16.2 percent in January-March.
BYD has gained popularity in China's domestic market with its competitive pricing by establishing a vertically integrated supply chain management, including battery self-sufficiency and vehicle manufacturing, SNE Research said.
With the launch of the Atto3 model, BYD showed explosive growth by expanding its market share outside of China in Asia and Europe, SNE Research said.
LG Energy Solution installed 25.7 GWh of power batteries from January to April, up 49.3 percent year-on-year.
The South Korean company ranked third in the world with a 14.1 percent share, unchanged from a year ago.
Japan's Panasonic was fourth with 8.2 percent share, South Korea's SK On was fifth with 5.2 percent share and China's CALB was sixth with 4.6 percent share.
South Korea's Samsung SDI of, China's Gotion High-tech of China, Eve Energy and Sunwoda ranked seventh, eighth, ninth and tenth respectively, with shares of 4.1 percent, 2.4 percent, 1.8 percent and 1.5 percent from January to April, respectively.
It is worth noting that CALB's power battery installed base of 8.4 GWh exceeded Samsung SDI's 7.5 GWh in the January to April period.
In January-March, CALB was 5.7 GWh, lower than Samsung SDI's 6.5 GWh.
In 2023, Chinese companies are expected to enter overseas markets such as the US and Europe in preparation for a gradual decline in growth rates in China's domestic market, the largest EV market, according to SNE Research.
The European EV market, which has relatively fewer political issues than the US, is attracting attention as a strategic point for seeking to diversify the battery supply chain, the report noted.
Going forward, the share of LFP batteries in Europe is expected to increase as Chinese companies enter the European market in earnest, the report said.
CATL unveils Condensed Battery for electric aircrafts and EVs
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Also EV startup Aiways registred 41 EVs.
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