The top 10 power battery manufacturers include 6 Chinese companies, 3 Korean companies, and 1 Japanese company.
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Category: BYD
BYD Apr sales breakdown: Qin 42,202, Yuan 39,160
BYD has offered some discounts on the Seal, Song Plus, Yuan Plus and Dolphin in the price war in the Chinese auto industry over the past two months. | BYDDY.US | BYD HK
A number of BYD's Dynasty series models continue to contribute major sales for the NEV (NEV) maker.
BYD announced its NEV sales for April today and later provided a breakdown of the different models, showing that the Qin family sold 42,202 units during the month.
This is a new record high for single-month sales of the Qin family of models which continues to be the highest-selling BYD model for the month, contributing 20.1 percent of the NEV maker's passenger NEV sales in March.
This represents a 79.43 percent increase from 23,520 units in the same month last year and a 3.31 percent increase from 40,850 units in March. The Qin family was also the top-selling BYD model in March.
On February 10, BYD let a facelift of the plug-in hybrid sedan Qin Plus DM-i go on sale, offering five versions with a starting price range of RMB 99,800 ($14,440) to RMB 145,800.
This is the first time BYD has made a model with its DM-i powertrain start at less than RMB 100,000.
The Yuan family of models sold 39,160 units in April, making it the second highest-selling BYD model for the month. This was up 158.18 percent year-on-year, but down 3.07 percent from March.
Song family models -- the top-selling BYD model in many previous months -- sold 35,836 units in April, up 42.73 percent year-on-year, but down 11.54 percent from March.
The BYD brand includes the Dynasty series and Ocean series, and the Song family is available in both series. The Song in the Dynasty series sold 8,100 units in April, while the Song Plus in the Ocean series sold 27,736 units.
BYD Dolphin sold 30,462 units in April, essentially unchanged from 30,077 units in March and up 153.01 percent from 12,040 units in the same month last year.
BYD's flagship sedan, the Han, sold 14,329 units in April, up 6.77 percent year-on-year and up 5.75 percent from March.
Its flagship SUV Tang sold 11,759 units in April, up 16.07 percent year-on-year but down 3.08 percent from March.
The BYD Frigate 07 sold 10,003 units in April, up 22.74 percent from March. The model went on sale on December 9, 2022.
BYD Seal sold 6,212 units in April, up 3.53 percent from 6,000 units in March. The model went on sale on July 29, 2022.
The BYD Chaser 05 sold 5,380 units in April, up 163.73 percent year-on-year and 37.56 percent from March.
BYD Seagull, which was officially launched at the end of last month, sold 1,500 units in April.
BYD officially launched the mini electric vehicle Seagull on April 26, which has 3 versions with starting prices of RMB 73,800, RMB 78,800, and RMB 89,800 respectively, the lowest-priced BYD model.
Denza, a joint venture with Mercedes-Benz majority owned by BYD, sold 10,526 units in April, up 1.23 percent from March. Denza sales are included in the figures BYD publishes each month.
Denza is currently offering only the Denza D9 MPV, with reservations for the N7 SUV opening on the first day of the Shanghai auto show on April 18.
In the past two months, BYD has offered some discounts for Seal, Song Plus, Yuan Plus and Dolphin in a price war in the Chinese auto industry.
BYD sold 210,295 NEVs in April, up 98.31 percent from 106,042 units in the same month last year and up 1.55 percent from 207,080 units in March, according to data released today.
This includes 209,467 passenger NEVs and 828 commercial NEVs.
($1 = RMB 6.9121)
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BYD YangWang U8 with 1,180 HP spotted on the trailer in China. Deliveries to start in September
Videos of U8 doing a tank turn in public on the street in China also appeared
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China sold 1.5 million EVs&PHEVs in Q1 2023, accounting for 59% of the world
In Q1 2023, 1,041,000 EVs and 460,000 PHEVs were sold in China, sales up 25% to Q1 2022, accounting for 28% of China's vehicle sales.
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BYD sold 104,346 all-electric vehicles globally in April, including 1,500 Seagulls and 6,212 Seal EVs
BYD also exported 14,827 NEVs, and BYD Dolphin sold over 30,000 units. BYD Seal's 6,212 units sold could have been better, as it had the ambition to compete with Model 3. BYD Seagull sold 1500 units.
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BYD Chaser 07 interior exposed in China with a large screen
The BYD Chaser 07 (Destroyer 07) interior was exposed in China with a large screen.
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BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar
BYD sold 104,364 passenger BEVs in April, up 1.65 percent from March, and 105,103 PHEVs, up 1.63 percent from March.
BYD sold 210,295 new energy vehicles (NEVs) in April, up 98.31 percent from 106,042 units in the same month last year and up 1.55 percent from 207,080 units in March, according to data released today.
The company discontinued production and sales of vehicles powered entirely by internal combustion engines in March last year and switched to focus on producing plug-in hybrids and pure electric vehicles.
BYD's NEVs include passenger cars as well as commercial vehicles, with sales of 209,467 new energy passenger cars in April, up 98.59 percent from 105,475 units in the same month last year and up 1.64 percent from 206,089 units in March.
BYD's new energy commercial vehicles sold 828 units in April, up 46.03 percent from 567 units in the same month last year, but down 16.45 percent from 991 units in March.
Among these passenger NEVs, battery electric vehicles (BEVs) sold 104,364 units, up 81.81 percent from 57,403 units a year ago and up 1.65 percent from 102,670 units in March.
Its passenger plug-in hybrid vehicles (PHEVs) were 105,103 units, up 118.64 percent from 48,072 units in the same month last year and up 1.63 percent from 103,419 units in March.
In April, BYD sold 14,827 NEVs in overseas markets, up 11.38 percent from 13,312 units in March.
The company first announced overseas sales figures for NEVs in July 2022.
In addition to being China's largest NEV company, BYD is also the country's second-largest manufacturer of power batteries.
BYD's installed power and energy storage battery capacity in April was about 9.954 GWh, up 59.47 percent from 6.242 GWh in the same month last year and up 0.64 percent from 8.952 GWh in March.
BYD officially launches Seagull to expand its presence in China's EV market
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BYD’s net profit up five times YoY to 596 million USD in Q1 2023
Revenue 120 billion yuan (up 80% YoY), net profit 4.13 billion yuan (up 411% YoY).
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BYD posts over 400% year-on-year Q1 profit growth
BYD reported revenue of RMB 120.17 billion in the first quarter, up 79.83 percent year-on-year, although it was 23.15 percent lower than in the fourth quarter of last year.
BYD (OTCMKTS: BYDDY) continued to see strong financial performance in the first quarter, as the company ratchets up its leadership position in China's new energy vehicle (NEV) market.
BYD reported revenue of RMB 120.17 billion ($17.34 billion) in the first quarter, up 79.83 percent year-on-year, despite a 23.15 percent decrease from the fourth quarter of last year, according to its financial report released today.
The significant year-on-year increase in revenue was mainly due to increased sales of NEVs, BYD said in the report.
BYD's net profit for the quarter was RMB 4.13 billion, up 410.89 percent year-on-year, although it was 43.5 percent lower than in the fourth quarter of last year.
After excluding non-recurring gains and losses, BYD's net profit in the first quarter was RMB 3.57 billion, up 593.68 percent year-on-year.
It reported basic earnings per share of RMB 1.42 in the first quarter, up 407.14 percent year-on-year.
BYD's costs grew in line with sales growth, with operating costs for the quarter at RMB 98.71 billion, up 68.62 percent year-on-year.
Its selling expenses for the quarter were RMB 4.65 billion, up 234.96 percent year-on-year, and R&D expenses were RMB 6.24 billion, up 164.24 percent year-on-year.
BYD's gross margin was 17.86 percent in the first quarter, up 5.46 percentage points from the same period last year, although it was 1.14 percentage points lower than the fourth quarter.
BYD sold 552,076 NEVs in the first quarter, up 92.81 percent year-on-year, but down 19.22 percent from a record 683,440 units in the fourth quarter of last year.
The company's NEVs include passenger cars as well as commercial vehicles, and they sold 547,917 units and 4,159 units in the first quarter, respectively.
BYD stopped production and sales of vehicles powered entirely by internal combustion engines in March 2022 to focus instead on NEVs, including plug-in hybrids and battery electric vehicles.
The first quarter was typically a slow quarter for sales in the Chinese auto industry, taking into account the Chinese New Year holiday.
In the first quarter of this year, the withdrawal of some previously available support policies, as well as a rare price war in the auto industry, brought additional pressure.
Chinese passenger car sales in the first quarter were 4.27 million units, down 13.15 percent year-on-year and down 24.55 percent from the fourth quarter of last year, according to the China Passenger Car Association (CPCA).
NEVs sold 1.32 million units in the first quarter, up 23.07 percent year-on-year but down 26.62 percent from the fourth quarter.
On February 25, local media reported that BYD's Dynasty series' models had been reduced in prices, with some models reduced by RMB 20,000.
BYD subsequently responded that this was not an official act, but promotional activities by some dealers.
On March 9, as the price war intensified in the Chinese auto industry, BYD began offering discounts of up to RMB 8,800 for the Song Plus and Seal.
($1 = RMB 6.9295)
BYD officially launches Seagull to expand its presence in China's EV market
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Chinese EV giant BYD’s first-quarter profit jumps fivefold
Filed under: Earnings/Financials,Green,Electric
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