Category: BYD

China NEV insurance registrations for week ending Mar 19: BYD 38,414, Tesla 18,712, NIO 1,775

Insurance registrations for China's NEVs were 113,000 last week, up from 108,000 the week before.

Insurance registrations for new energy vehicles (NEVs) in China increased last week compared to the previous week, with a mixed performance from major EV makers.

From March 13 to March 19, insurance registrations for all passenger vehicles in China were 321,000 units, up from 308,000 units the previous week, according to figures shared by several car bloggers on Weibo.

Insurance registrations for NEVs were 113,000 last week, up from 108,000 the week before.

(OTCMKTS: BYDDY) vehicles continued to see the most insurance registrations, with 38,414 last week, up from 37,141 the previous week.

(NASDAQ: TSLA) vehicles saw 18,712 insurance registrations last week, up from 17,032 the week before.

was 1,775 vehicles last week, down from 2,170 the week before.

NIO guided for first-quarter deliveries between 31,000 and 33,000 units earlier this month, meaning March deliveries are expected to be between 10,337 and 12,337 units.

The company's insurance registrations for the first week of March, which included February 27 and February 28, were 3,345 units.

(NASDAQ: LI) vehicles registered 5,438 insurance units last week, up from 4,243 the previous week.

(NYSE: XPEV) had 1,296 vehicles last week, down from 1,635 the week before.

posted 914 units last week, down from 1,043 units the previous week.

China NEV insurance registrations for week ending Mar 12: BYD 37,141, Tesla 17,032, NIO 2,170

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BYD makes brand debut in Uzbekistan, starts local pre-sales of 3 models

introduced three models in Uzbekistan and its three pioneering stores in Tashkent will open in March.  |  BYDDY.US | BYD HK

(Image credit: BYD)

BYD (OTCMKTS: BYDDY) made its brand debut in Uzbekistan and introduced three models to local consumers, as the largest Chinese manufacturer of new energy vehicles (NEVs) continues to advance its efforts in the international market.

BYD held a brand debut and product pre-sale event in Uzbekistan on March 16, and several of its local dealership stores are set to open this month, according to a press release Friday.

BYD introduced three models at the event, including the Han EV, an all-electric sedan; the Song Plus DM-i, a hybrid model; and the hybrid Chazor DM-i, known as the Destroyer 05 in China.

Uzbekistan, the largest automotive market in Central Asia, is transitioning toward vehicle electrification, and BYD will bring industry-leading blade battery and DM-i super hybrid technology to local consumers, the release said.

Three pioneering BYD stores in Uzbekistan's capital Tashkent will open in March: a BYD flagship store and technology museum, a comprehensive BYD brand experience center and a BYD city showroom.

It is worth noting that BYD has already made some previous moves to pave the way for its long-term growth in Uzbekistan.

In February 2022, BYD and Uzavtosanoat JSC (UzAuto) signed a mutual memorandum of understanding, agreeing to study the feasibility of joint production of electric passenger cars and electric buses in the Central Asian country.

UzAuto, established in 1994, is the largest and only car manufacturer in Central Asia with a complete automotive industry footprint and an extensive local and inter-regional sales network and after-sales service system.

On December 30, 2022, BYD announced that it had signed an agreement with UzAuto to establish a joint venture that will focus on the production of NEVs and their components.

The joint venture will be based in Uzbekistan and will focus on the future production of several of BYD's best-selling NEV models, including the DM-i Super Hybrid, and related components, according to a BYD press release at the time.

BYD, the world's largest maker of NEVs, sold 193,655 vehicles in February, up 27.96 percent from 151,341 units in January and up 119.36 percent from 88,283 units in the same month last year, according to figures it announced earlier this month.

In February, BYD sold 15,002 NEVs in overseas markets, up 44.13 percent from 10,409 units in January.

In addition to announcing its business progress in Uzbekistan, BYD also announced on Friday that it entered into a partnership with UAE dealer Al-Futtaim on March 15.

NIO's global expansion: Demands of under-the-radar owners underscore urgency

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BYD delivers 22 electric buses in Indonesia

This is the second batch of electric buses delivered by in Indonesia after it delivered 30 in the country a year ago.  | BYDDY.US | BYD HK

(Image credit: BYD)

BYD has delivered a new batch of electric buses in Indonesia, the second batch delivered there by the Chinese new energy vehicle (NEV) maker.

VKTR Group, a BYD electric bus distributor in Indonesia, recently delivered 22 electric buses, the K9, to local bus company Mayasari, according to a press release from the NEV maker today.

The electric buses will be put into operation on the Transjakarta bus rapid transit system, helping Indonesia achieve its goal of electrifying public transportation nationwide by 2030, BYD said.

This is the second order BYD has delivered in Indonesia, representing the NEV maker's continued effort in the Indonesian market, said Tian Chunlong, general manager of BYD's commercial vehicle operations division, at the delivery ceremony.

In 2022, BYD and its Indonesian partner VKTR Group announced a partnership with Tri Sakti, a local bus assembly plant.

On March 8, 2022, the first 30 BYD buses were delivered to Transjakarta, a bus operator in Jakarta, which were the first all-electric buses to be put into operation in Indonesia.

Up to now, BYD has promoted electric public transportation systems in more than 70 countries and regions and 400 cities around the world, according to the press release.

BYD sold 1,863,494 NEVs in 2022, making it the world's largest player in the segment. Those NEVs include 1,857,379 passenger cars and 6,115 commercial vehicles, according to data monitored by CnEVPost.

The company sold 1,177 and 1,991 new energy commercial vehicles in January and February, respectively, up 386.36 percent and 145.8 percent year-on-year, respectively.

BYD plans to launch new commercial vehicle models in markets such as China, Europe and Japan over the next three years, the Wall Street Journal said on March 8, citing people familiar with the company's plans.

The company has set a budget of more than $20 billion for its commercial vehicle division through 2025, with major spending planned for research, product development and capacity expansion, the people said.

BYD reportedly planning big push for battery electric commercial vehicles

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BYD adjusts organizational structure to prepare for higher sales, report says

's biggest organizational change so far this year is to let its car brands operate independently, according to local media.  |  BYDDY.US | BYD HK

(Image credit: CnEVPost)

BYD (OTCMKTS: BYDDY) is restructuring its organization to prepare it for further growth in sales, a new report said.

BYD's biggest organizational change so far this year is to make its car brands operate independently, according to a report by local media outlet 36kr today.

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

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

R&D, operations and product development for all BYD brands are conducted at BYD's engineering institute, and now, in addition to R&D continuing in that department, sub-brands' projects, operations and products will be handled by independent engineering institutes, according to the report.

The organizational restructuring began at the beginning of the year, and key positions in each brand's research institute are now in place.

The heads of BYD's Dynasty and Ocean series' research institutes are basically the directors of their respective models, and the head of the research institute for Denza is the brand's former CEO Wang Fengyi, the report said.

BYD has two automotive R&D departments -- the engineering institute and the planning -- institute -- the former responsible for vehicle engineering technology, model projects and operations, and the latter like a technology provider responsible for DM-i hybrid technology, intelligent cockpit and intelligent driving R&D, according to the report.

Automakers' consideration for implementing independent institutes is usually the desire for clearer responsibility, more flexibility in the operation of each brand, and a heightened sense of competition among different brands, the report said, citing an industry source.

BYD's "family culture" and its previous first value of "equality" have led to a relatively slow pace of operations, the report said, citing several employees of the new energy vehicle (NEV) maker.

As BYD's sales increase dramatically starting in 2022, the company has implemented measures to improve efficiency.

However, for improving efficiency, organizational changes are fundamentally needed, the report said, adding that the establishment of independent research institutes for each brand is a signal that BYD wants to strengthen resource integration and improve operational efficiency.

BYD's planning institute's structure is also being adjusted to begin unifying the management of smart driving R&D tasks, after several departments of the NEV maker had R&D for autonomous driving projects, according to the report.

BYD's full-year 2020 NEV sales were 189,689 units, and that number grew to 603,783 in 2021, an increase of 218.3 percent.

In 2022, BYD's NEV sales growth accelerated significantly, seeing monthly sales exceed 100,000 units for the first time in March, when BYD announced that it stopped production and sales of vehicles powered entirely by internal combustion engines.

For the full year 2022, BYD's NEV sales were 1,863,494 units, up 208.64 percent year-on-year.

BYD launches new Han sedan and Tang SUV with lower prices

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BYD launches new Han sedan and Tang SUV with lower prices

announced today that the two models received 8,196 orders on the day they were launched on March 16. BYDDY.US | BYD HK

(Image credit: BYD)

As the price war in China's auto industry continues, BYD (OTCMKTS: BYDDY) has launched revamped versions of its flagship sedan and flagship SUV at lower prices than previously available models.

BYD launched the 2023 Han EV and 2023 Tang DM-i at its March 16 online event, both starting at RMB 209,800 ($30,440).

Both models appear to have received good initial acceptance, with BYD announcing today that the two models received a total of 8,196 orders on March 16.

The dimensions of the 2023 Han EV remain unchanged from the previously available model, measuring 4,975 mm in length, 1,910 mm in width and 1,495 mm in height, with a wheelbase of 2,920 mm.

The2023 Han EV is currently available in five versions with starting prices of RMB 209,800, 229,800, 259,800, 279,800 and 299,800 respectively, with the most expensive being the four-wheel drive version and the rest being front-wheel drive models.

As a comparison, the previous BYD Han had a starting price range of RMB 219,800-298,800.

The new Han has four range options, with CLTC ranges of 506 km, 605 km, 715 km and 610 km, of which the 715 km version is available in two models.

The least expensive version is equipped with a motor with a maximum power of 150 kW and a CLTC range of 506 km. The model, like all other single-motor Han models, can accelerate from 0 to 100 km/h in 7.9 seconds.

The highest-priced version has a front motor with 180 kW and 350 Nm of peak torque and a rear motor with 200 kW and 350 Nm of peak torque, which accelerates from 0 to 100 km/h in 3.9 seconds.

The BYD Han 2023 all supports fast charging, taking less than 30 minutes to charge from 30 percent to 80 percent.

The length, width and height of the 2023 BYD Tang DM-i are 4,870 mm, 1,950 mm and 1,725 mm respectively, with a wheelbase of 2,820 mm, also unchanged.

The model is available in three versions, with starting prices of RMB 209,800, 219,800 and 233,800 respectively. For comparison, the previously available Tang DM-i starts at RMB 209,800, RMB 226,800 and RMB 281,800 for its three variants.

The model continues to be equipped with a plug-in hybrid system consisting of a 1.5T engine and electric motor, with the engine producing 102 kW of maximum power and 231 Nm of peak torque, and the motor producing 160 kW of maximum power and 325 Nm of maximum torque. The model can accelerate from 0 to 50 km/h in 4.3 seconds.

All three models of the BYD Tang DM-i are powered by a 21.5 kWh blade battery with a battery-powered CLTC range of 112 km.

The BYD Han family, including the Han EV and the hybrid Han DM series, sold 274,015 units in 2022, contributing 14.7 percent of the automaker's 1,863,494 full-year 2022 new energy vehicle (NEV) sales, according to data monitored by CnEVPost.

BYD Tang family models, including the Tang EV as well as the Tang DM series, sold 150,832 units in 2022, contributing 8 percent of BYD's NEV sales.

Supported by a downward shift in price range and configuration upgrades, the 2023 Han EV and Tang DM-i are expected to boost BYD's demand, thus driving sales to accelerate upward, Huaxi Securities analyst Cui Yan's team said in a research note today.

($1 = RMB 6.8925)

BYD Feb sales breakdown: Song 52,400 units, Yuan 33,612 units

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China NEV insurance registrations for week ending Mar 12: BYD 37,141, Tesla 17,032, NIO 2,170

This article is being updated, please refresh later for more content.

's insurance registrations last week in China were higher than the previous week's 13,266, while 's were lower than the previous week's 3,345.

 

's new energy vehicles (NEVs) saw 37,141 insurance registrations in China for the week ending March 12, lower than the previous week's 38,932, according to numbers shared today by auto blogger @一路向北BYD.

Tesla vehicles saw 17,032 insurance registrations in China last week, higher than the previous week's 13,266.

NIO was 2,170 last week, down from 3,345 the week before.

registered 4,243 units last week, up from 3,222 units the previous week.

was 1,635 units last week, up from 1,421 units the week before.

BYD's premium brand Denza vehicles saw 1,853 insurance registrations last week, up from 1,808 the week before.

was 1,043 units last week, down from 1,814 units the week before.

BMW's NEVs registered 1,486 insurance units in China last week, down from 1,663 units the week before.

The past week has seen a rare price war in China's auto industry involving not only NEV makers, but traditional internal combustion engine automakers as well.

Rumors surfaced last week that BMW dealers were offering a massive subsidy for the all-electric BMW i3 in China, and that consumers who pay full price for the car can even get the model for RMB 120,000 to 180,000, less than half the retail price.

BMW insiders denied this, but sources at BMW dealers said they are indeed offering discounts, and that these measures were only introduced this month, local media Cailian reported last week.

For the BMW i3 eDrive35 L, which currently has a guide price of RMB 353,900, the price after discounts is RMB 248,000, the report said, citing BMW dealership sources.

Consumers will also receive an additional RMB 6,000 subsidy if they trade in their vehicles, the source said.

The increasing number of car companies joining the price war has led to increased consumer wait-and-see sentiment to avoid seeing price reductions shortly after purchasing a car.

Li Auto has introduced a consumer purchase price protection benefit that covers all of the company's currently available models -- Li L7, Li L8, Li L9.

For consumers who purchase these models, if the prices drops within 90 days of their order, then Li Auto will refund the difference.

The policy, which is available to consumers when they purchase the Li L7, Li L8, and Li L9, is primarily intended to make clear to them that Li Auto will not drop the prices, local media outlet The Paper said earlier today, citing salespeople from the company.

China NEV insurance registrations for week ending Mar 5: BYD 38,932, Tesla 13,266, NIO 3,345

Weekly NEV insurance registrations in China in 2023

WkBYDTeslaNIOXPengLi AutoBMWZeekrNEVNEV+ICE
03/06-03/1237,14117,0322,1701,6354,2431,4861,043988
02/27-03/0538,93213,2663,3451,4213,2221,6631,8144,109515116,238345,340
02/20-02/2639,47310,7053,3571,6855,3871,7921,8552,152401111,983331,238
02/13-02/1937,0265,9133,1741,4634,2382,2711,4431,038329100,408303,101
02/06-02/1231,4176,9633,0451,3964,0626825471,170NA85,572280,741
01/30-02/0524,2808,6431,9489752,2405935543,96411469,692267,843
01/23-01/295,2803,356427210990NA89NANA17,94592,600
01/16-01/2224,7087,4963,0081,0684,903NA657NANA67,500330,400
01/09-01/1540,42012,6542,9631,8174,5272,6871,35942023799,041438,000
01/02-01/0835,9242,1102,8181,5513,7042,1031,5112388077,000290,000

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