Category: BYD

BYD secures new land in Guangdong for NEV projects

Since October 2021, BYD has acquired five mega industrial sites in the Shenzhen-Shanwei Special Cooperation Zone, with a combined area of more than 4.1 million square meters.

BYD secures new land in Guangdong for NEV projects-CnEVPost

(Image credit: CnEVPost)

BYD (OTCMKTS: BYDDY) has secured a new land parcel in Guangdong to prepare for its construction of new projects.

On May 15, a plot of land of more than 520,000 square meters in Shenzhen's Shenzhen-Shanwei Special Cooperation Zone was acquired by BYD for RMB 376 million ($5.4 million), according to an announcement by the local government yesterday.

This is the fifth mega industrial site BYD has acquired in the special cooperation zone, which will be used to build BYD's automotive industrial park projects, according to the announcement.

Shenzhen-Shanwei Special Cooperation Zone is an enclave of Shenzhen, located in Shanwei city, Guangdong province, but managed by Shenzhen, the first special cooperation zone in China.

BYD has been granted a land area of 522,400 square meters, with a building area of 1.12 million square meters and a land use term of 30 years.

BYD secures new land in Guangdong for NEV projects-CnEVPost

(The 5th plot of land acquired by BYD in Shenzhen-Shanwei Special Cooperation Zone.)

Since October 2021, BYD has been granted five mega industrial sites in the Shenzhen-Shanwei Special Cooperation Zone, with a combined area of over 4.1 million square meters.

These sites will all be used for BYD's automotive industrial park projects, which are important for the zone to create an industrial pattern with a new energy vehicle (NEV) industry as the main focus, complemented by new energy storage, new materials and intelligent manufacturing robots, the local government's announcement said.

The first and second phases of BYD's project here have a total investment of RMB 25 billion, and the annual output value is expected to exceed RMB 110 billion when all production is reached, according to the announcement.

In June last year, BYD acquired a plot of land with an area of over 554,500 square meters in the special cooperation zone for RMB 403 million, which will be used for the first phase of the local BYD industrial park.

The first phase of the project, with a planned total investment of RMB 5 billion, will mainly produce auto parts and is expected to have an annual output value of about RMB 10 billion and 18,000 employees after it goes into operation, according to a report by Shenzhen Economic Daily at the time.

($1= RMB 6.9525)

BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar

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BYD secures new land in Guangdong for NEV projects

Since October 2021, BYD has acquired five mega industrial sites in the Shenzhen-Shanwei Special Cooperation Zone, with a combined area of more than 4.1 million square meters.

BYD secures new land in Guangdong for NEV projects-CnEVPost

(Image credit: CnEVPost)

BYD (OTCMKTS: BYDDY) has secured a new land parcel in Guangdong to prepare for its construction of new projects.

On May 15, a plot of land of more than 520,000 square meters in Shenzhen's Shenzhen-Shanwei Special Cooperation Zone was acquired by BYD for RMB 376 million ($5.4 million), according to an announcement by the local government yesterday.

This is the fifth mega industrial site BYD has acquired in the special cooperation zone, which will be used to build BYD's automotive industrial park projects, according to the announcement.

Shenzhen-Shanwei Special Cooperation Zone is an enclave of Shenzhen, located in Shanwei city, Guangdong province, but managed by Shenzhen, the first special cooperation zone in China.

BYD has been granted a land area of 522,400 square meters, with a building area of 1.12 million square meters and a land use term of 30 years.

BYD secures new land in Guangdong for NEV projects-CnEVPost

(The 5th plot of land acquired by BYD in Shenzhen-Shanwei Special Cooperation Zone.)

Since October 2021, BYD has been granted five mega industrial sites in the Shenzhen-Shanwei Special Cooperation Zone, with a combined area of over 4.1 million square meters.

These sites will all be used for BYD's automotive industrial park projects, which are important for the zone to create an industrial pattern with a new energy vehicle (NEV) industry as the main focus, complemented by new energy storage, new materials and intelligent manufacturing robots, the local government's announcement said.

The first and second phases of BYD's project here have a total investment of RMB 25 billion, and the annual output value is expected to exceed RMB 110 billion when all production is reached, according to the announcement.

In June last year, BYD acquired a plot of land with an area of over 554,500 square meters in the special cooperation zone for RMB 403 million, which will be used for the first phase of the local BYD industrial park.

The first phase of the project, with a planned total investment of RMB 5 billion, will mainly produce auto parts and is expected to have an annual output value of about RMB 10 billion and 18,000 employees after it goes into operation, according to a report by Shenzhen Economic Daily at the time.

($1= RMB 6.9525)

BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar

The post BYD secures new land in Guangdong for NEV projects appeared first on CnEVPost.

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BYD to supply batteries to China’s largest diesel engine maker

BYD and Weichai Power will build a power battery development and manufacturing base in Shandong province, where the latter is headquartered.

(Image credit: CnEVPost)

BYD (OTCMKTS: BYDDY), one of the world's largest manufacturers of power batteries, is expanding its customer base.

BYD and Weichai Power, China's largest diesel engine maker, signed a strategic cooperation agreement in Shenzhen on May 12 to collaborate on the joint production of power batteries, according to a post by the latter on Weibo.

Tan Xuguang, chairman and CEO of Weichai, and Wang Chuanfu, chairman and president of BYD, attended the signing ceremony, according to the article.

(Image credit: Weicai Power)

The two sides will produce power batteries in a joint venture in Shandong to build a power battery R&D and manufacturing base to promote the development of new energy commercial vehicles in China, the article said, without providing further details.

Weichai, based in Weifang, Shandong province, posted revenue of RMB 53.4 billion ($7.67 billion) and net profit of RMB 1.86 billion in the first quarter, according to its financial report.

Weichai began its involvement in the new energy business in 2010, especially in the fuel cell sector.

The company has a new energy engine base in Weifang, and its chairman, Tan, is also chairman of Sinotruk, which has a new energy heavy truck manufacturing base in Jinan.

BYD is the world's largest maker of new energy vehicles (NEVs) and the world's second-largest maker of power batteries.

BYD installed 21.5 GWh of power batteries in the first quarter, ranking second globally with a 16.2 percent share, behind 's 35.0 percent, according to data released earlier this month by South Korean market research firm SNE Research.

In China, BYD installed 7.32 GWh of power batteries in April, ranking second with a 29.11 percent share, according to the China Automotive Battery Innovation Alliance (CABIA). CATL ranked first in China with a 40.83 percent share in April.

In Shandong, where Weichai is headquartered, BYD has a car assembly plant, a power battery factory and a chip factory.

($1 = RMB 6.9637)

China EV battery installations in Apr: BYD regains top spot over CATL in LFP market

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China became the world’s largest vehicle exporter in Q1 2023, surpassing Japan

By continents, Chinese vehicles are mainly exported to:
- Africa: Egypt and South Africa
- Asia: Saudi Arabia, India, Thailand, and Vietnam
- Europe: Russia and the UK
- North America: USA, Mexico, and the Caribbean
- South America: Brazil, Chile, Peru, and Ecuador

The post China became the world’s largest vehicle exporter in Q1 2023, surpassing Japan appeared first on CarNewsChina.com.

Toyota’s first electric sedan, the bZ3, sold 2,342 units in the first month after launching in China

Toyota bZ3 is the first EV jointly developed by Toyota and BYD, produced by FAW-Toyota's Tianjin factory and supplied to the Chinese market.

The post Toyota’s first electric sedan, the bZ3, sold 2,342 units in the first month after launching in China appeared first on CarNewsChina.com.

BYD’s Tesla FSD-like feature said to be available in Q3

BYD's advanced driver-assistance system, called DNP, will be available on the new Han sedan in the third quarter, according to local media.

(Image credit: CnEVPost)

BYD (OTCMKTS: BYDDY) is a rare exception in China's electric vehicle (EV) space, not marketing its assisted driving capabilities much.

While this seems to have had no impact on its sales, it has left some with the impression that it lags behind in smart driving technology.

Now, a new report said BYD actually has technology built up in this area and will launch a feature similar to 's FSD (Full Self-Driving) later this year.

BYD's advanced driver-assistance system will be available on the new Han sedan in the third quarter, giving the model the ability of pilot-assisted driving on the highway, local auto media HiEV said in a report today.

BYD's system is called DNP, and after the Han, it will also be available for some models of the Tang and Song of the Dynasty series, according to the report.

In addition to these models, BYD's higher-positioned brands including Denza, F brand and Yangwang will also be equipped with advanced smart driving features, the report said.

The first BYD advanced assisted driving solution available for Han models will be based on the Journey 5 chip from local chipmaker Horizon Robotics, according to the report.

Horizon Robotics is a leading provider of intelligent driving system solutions in China, and is using its chips in some of its models, and use Nvidia chips in others.

Some models of BYD's Dynasty and Ocean series will also use the Nvidia DRIVE Orin computing platform to create assisted driving systems, the HiEV report noted.

On March 23, BYD announced a partnership with Nvidia on smart driving technology to equip some of its NEVs with the Nvidia DRIVE Hyperion platform for smart driving and smart parking of vehicles starting in the first half of 2023, as previously reported by CnEVPost.

Notably, on December 27 last year, BYD announced that it had established a joint venture with autonomous driving unicorn Momenta, officially kicking off a long-term partnership between the two companies to develop high-level intelligent driving technology.

Momenta, an industry-leading autonomous driving company, will further boost BYD's rapid breakthrough and mass production in the field of intelligent driving, BYD's announcement at the time said.

The high trim version of Denza N7 is equipped with city pilot assisted driving function, with 2 RoboSense LiDARs and an Nvidia Orin X chip, with some of the system's algorithms provided by Momenta, according to HiEV's report today.

The Denza N7 will have basic L2 assisted driving features when it goes on sale in June, with other more advanced features to be released later, the report said, citing a Denza insider.

For the Yangwang brand, which is positioned above Denza, its first model, the U8, is equipped with three LiDARs, while the autonomous driving computing platform uses an Nvidia Orin chip, according to the report.

The Yangwang U8 is priced similarly to the Lotus Eletre with its smart driving solution, and both will have highway as well as city road pilot-assisted driving capabilities, the report said.

Earlier today, another local media outlet, 36kr, reported that BYD's smart driving R&D system is rapidly adjusting and the company is planning to conduct its own smart driving chip design.

While BYD's existing models are currently largely dependent on solutions from external suppliers, including Baidu, Huawei and Momenta, the NEV maker is already accelerating its focus on smart driving, the 36kr report said.

BYD ramps up smart driving R&D efforts, forms chip design team, report says

The post BYD's Tesla FSD-like feature said to be available in Q3 appeared first on CnEVPost.

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China EV battery installations in Apr: BYD regains top spot over CATL in LFP market

BYD returned to the top spot in the LFP battery market with a 42.68 percent share in April, overtaking CATL's 33.65 percent.

China EV battery installations in Apr: BYD regains top spot over CATL in LFP market-CnEVPost

CATL overtook BYD (OTCMKTS: BYDDY) in China's lithium iron phosphate (LFP) battery market in March for the first time this year. Now, the latter has regained its top spot.

China's power battery installed base in April was 25.1 GWh, up 89.4 percent year-on-year but down 9.5 percent from March, according to data released today by the China Automotive Battery Innovation Alliance (CABIA).

China EV battery installations in Apr: BYD regains top spot over CATL in LFP market-CnEVPost

CATL's power battery installed base in April was 10.26 GWh, ranking first with a 40.83 percent share, down from 44.95 percent in March.

BYD installed 7.32 GWh of power batteries in April, ranking second with a 29.11 percent share, up 2.46 percentage points from March's 26.65 percent.

CALB installed 2.20 GWh of power batteries in April, ranking third with a share of 8.74 percent, down 1.54 percentage points from 10.28 percent in March.

China EV battery installations in Apr: BYD regains top spot over CATL in LFP market-CnEVPost

Eve Energy overtook Gotion High-tech to rank No. 4 with 1.38 GWh of installed base and 5.48 percent share.

Gotion High-tech ranked 5th with 1.18 GWh installed in April and a 4.68 percent share. It ranked 4th with a 4.51 percent share in March.

China EV battery installations in Apr: BYD regains top spot over CATL in LFP market-CnEVPost

China's ternary Li-ion battery installed base in April was 8.0 GWh, accounting for 31.8 percent of total installed base, up 83.5 percent year-on-year but down 8.3 percent from March.

The installed base of LFP batteries was 17.1 GWh, accounting for 68.1 percent of the total, up 92.7 percent year-on-year but down 10.0 percent from March.

China EV battery installations in Apr: BYD regains top spot over CATL in LFP market-CnEVPost

In the ternary battery market, CATL ranked first with 56.22 percent of the installed base of 4.50 GWh in April.

CALB and Sunwoda ranked second and third in the ternary battery market with 17.29 percent and 6.07 percent shares, respectively.

In the LFP battery market, BYD regained the top spot with a 42.68 percent share by overtaking CATL with 7.31 GWh installed in April.

CATL installed 5.76 GWh in the LFP battery market in April, ranking second with a 33.65 percent share.

In March, CATL's share of the LFP market was 39.47, higher than BYD's 38.88 percent, the first time it has overtaken BYD in this market during the year.

Eve Energy and Gotion High-tech ranked third and fourth in the LFP battery market with 7.01 percent and 6.17 percent share, respectively.

China NEV sales down 2.6% MoM to 636,000 in Apr, CAAM data show

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BYD ramps up smart driving R&D efforts, forms chip design team, report says

The unification of the chip and algorithm businesses is a positive sign that BYD is accelerating the pace of its own smart driving research and development, local media said.  |  BYDDY.US | BYD HK

BYD ramps up smart driving R&D efforts, forms chip design team, report says-CnEVPost

(Image credit: CnEVPost)

BYD's (OTCMKTS: BYDDY) smart driving R&D system is rapidly adjusting, and the company is planning to do its own smart driving chip design, according to a new report.

Wang Huan, head of smart driving R&D at BYD's planning institute, has left, and the smart driving development division he oversaw was spun off, with most of its more than 500 employees being consolidated into the electronics integration department, according to a report today by 36kr.

This adjustment started at the end of last year, and BYD aims to sort out the smart driving R&D resources scattered in different systems, according to the report.

After this realignment is completed, Han Bing, director of the electronics integration department, has become the head of smart driving R&D at BYD's planning institute, where he is preparing a smart driving chip design team, the report said.

The electronics integration department is mainly responsible for developing operating systems, domain controllers, and middleware. The unification of the chip and algorithm businesses is a positive signal for BYD to accelerate the pace of smart driving in-house research, the report noted.

Together with the algorithm business and the smart driving chip business, Han's team of more than 1,000 people has become one of the three core segments of BYD's planning institute, the report said.

BYD chip packaging and integration may be given to BYD's sixth business unit instead of Han's chip design team, the report said, citing sources.

While BYD's existing models are currently largely dependent on solutions from external suppliers, including Baidu, Huawei and Momenta, the NEV maker is already accelerating its focus on smart driving.

At present, BYD's cooperation with some smart driving solution suppliers has stopped, and it may continue to use some suppliers' lower-level solutions, but will favor its own research and development in higher-level solutions, the report said, citing a BYD insider.

On March 17, 36kr reported that BYD's biggest organizational change so far this year has been to make its car brands operate independently.

The adjustment starts with BYD's core R&D department, and its engineering research institute is planning to set up several independent departments to cover its product lineup including Dynasty, Ocean and Denza, according to the report.

All of BYD's sub-brands will have a separate research institute, the report said, citing a source.

BYD aims to sell at least 3 million vehicles this year and strive to reach 3.6 million, the company's chairman and president Wang Chuanfu said at an investor conference in late March.

BYD aims to become China's No. 1 automaker by the end of this year, Wang said at the time.

BYD sold 210,295 NEVs in April, up 98.31 percent from 106,042 units a year earlier and up 1.55 percent from 207,080 units in March, according to data released May 2.

To achieve its full-year goal of selling 3 million NEVs, BYD will need to sell an average of about 280,000 vehicles per month for the next eight months.

BYD launches revamped Seal with lower prices

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