BYD sold 5,579 EVs in Q1 2023, accounting for 37.8% of the market share, ranking first in Thailand for three consecutive months.
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Category: BYD
2023 BYD e2 electric hatchback with an 8-in-1 electric powertrain will launch on April 6
The e2 was mainly aimed at the ride-hailing market, but now BYD is rebranding it as a family car.
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China NEV insurance registrations for week ending April 2: BYD 46,218, Tesla 14,275, NIO 2,730
In the past five weeks, NIO vehicles had 11,929 insurance registrations. The company delivered 10,378 vehicles in March.
China's new energy vehicle (NEV) sector saw continued improvement last week, with most major players posting sales increases.
In the week ending April 2, insurance registrations for all vehicles in China were 465,500, up 46.9 percent year-on-year and up 19.9 percent from the previous week, according to data shared today by several auto bloggers.
Of these, 139,500 were NEVs, up 44.7 percent year-on-year and up 9.28 percent from the previous week, with a penetration rate of 29.96 percent.
Gasoline vehicles were 326,000 units, up 47.9 percent year-on-year and up 25.1 percent from the previous week.
BYD vehicles continued to register the highest number of insurance units last week at 46,218, up from 43,490 the previous week.
In the past five weeks -- February 27 to April 2 -- BYD NEVs had 204,195 insurance registrations in China.
As a comparison, BYD sold 207,080 wholesale NEVs in March, including 13,312 units sold overseas, according to data it released on April 2.
Insurance registrations for Tesla vehicles in China last week were 14,275, slightly lower than the previous week's 15,886.
In the past five weeks, Tesla vehicles had 79,171 insurance registrations in China.
Tesla sold 88,869 China-made vehicles in March, including exports, according to data released earlier today by the China Passenger Car Association (CPCA).
Those numbers mean that Tesla's Shanghai plant may have exported only a few thousand vehicles in March, with the rest for deliveries to Chinese consumers.
Tesla's pattern is to produce cars for export in the first half of the quarter and for the local market in the second half.
Insurance registrations for NIO vehicles were 2,730 last week, up from 1,909 the previous week.
In the past five weeks, NIO vehicles had 11,929 insurance registrations.
NIO delivered 10,378 vehicles in March, including 3,203 SUVs, and 7,175 sedans, according to data released by the company on April 1.
Li Auto (NASDAQ: LI) vehicles had 6,185 insurance registrations last week, up from 5,081 in the previous week.
In the past five weeks, Li Auto vehicles saw 24,169 insurance registrations. For comparison, it delivered 20,823 vehicles in March.
XPeng (NYSE: XPEV) vehicles had 2,034 insurance registrations last week, up from 1,564 the previous week.
XPeng's total for the past five weeks was 7,950, and the company delivered 7,002 vehicles in March.
Zeekr vehicles had 2,571 insurance registrations last week and a cumulative total of 7,555 over the past five weeks. It delivered 6,663 vehicles in March.
Neta had a figure of 3,740 vehicles in the last week and a total of 12,286 vehicles in the last five weeks. It delivered 10,087 vehicles in March.
BMW had 2,598 NEV insurance registrations last week, for a total of 9,959 over the past five weeks.
China's Mar passenger NEV wholesale sales up 20% MoM to 600,000, CPCA estimates show
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BYD Seagull arrived at dealer in China. Sales are about to start
The BYD Seagull was spotted at the Shenzhen dealer in China. Its sales will soon start in China with a starting price of 11,600 USD.
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BYD Atto 3 (Yuan Plus) teardown revealed a lot of high-end tech on board
PCAuto team disassembled BYD Yuan Plus (Atto 3) into pieces.
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BYD chairman calls on China to extend NEV tax exemption until 2025
The world economy is currently in a difficult period of complexity and change, and dealing with risks and challenges requires firm confidence and stable expectations, Wang said. | BYDDY.US | BYD HK
(Image credit: CnEVPost)
China's purchase tax exemption for new energy vehicles (NEVs) expired at the end of last year and has been extended until the end of this year. Now, calls are starting to emerge for the policy to be renewed.
Wang Chuanfu, chairman and president of BYD (OTCMKTS: BYDDY), suggested in an April 1 speech at the China EV 100 Forum that China should extend the NEV purchase tax exemption to 2025, hoping the move would be fast-tracked to stabilize expectations, according to a video replay seen by CnEVPost.
Before 2023, China's policies to support the NEV industry include purchase subsidies as well as exemptions from purchase taxes.
NEV purchase subsidies have been reduced each year over the past several years on a set schedule and were completely withdrawn when they expire at the end of 2022.
The NEV purchase tax exemption originally expired at the end of 2017, but was renewed until the end of 2020 before it expired, and in March 2020, China renewed the policy until the end of 2022. Last year, the policy was renewed again until the end of 2023.
The world economy is currently in a difficult period of complexity and change, and dealing with risks and challenges requires firm confidence and stable expectations, Wang said, adding that many overseas countries are increasing their fiscal support for NEVs.
China's purchase subsidies for NEVs were withdrawn at the end of last year, and the exemption of NEV purchase tax has been clarified to continue until the end of this year, Wang noted.
Considering the long development cycle of NEVs, from product development and design to cost management, long-term arrangements need to be made, so he hopes the NEV purchase tax exemption policy will be extended, according to Wang's speech.
In addition to Wang, Meng Xia, head of sales for Volkswagen China, also suggested at the China EV 100 Forum event that China should extend the purchase tax exemption for NEVs beyond 2023 and develop a relatively stable policy framework.
It is worth noting that with the rapid growth of NEV penetration, the continued extension of the purchase tax exemption for such vehicles would mean a bigger loss in government tax revenue.
For the full year 2022, retail sales of new energy passenger vehicles in China were 5.67 million units, up 90 percent year-on-year and accounting for 27.6 percent of all new passenger vehicle sales, according to data released by the China Passenger Car Association (CPCA) in January.
In February, retail sales of new energy passenger vehicles in China were 439,000 units, up 61 percent year-on-year, contributing 31.6 percent of all passenger vehicle sales.
In the future, as the ownership of conventional internal combustion engine vehicles shrinks dramatically, the shortfall in national tax revenue will need to be filled by a tax system for electric vehicles, the CPCA said in a report released on August 9, 2022.
Taxing electric vehicles at the point of purchase and use and even at the point of retirement is a definite trend, the CPCA said at the time.
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BYD sold 552,076 vehicles in Q1 2023, up 90% from Q1 2022
48% of the BYD sales in 2023 Q1 are pure EVs, 52% of the sales PHEVs. BYD exported 38,723 vehicles overseas in 2023 Q1.
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BYD Mar sales breakdown: Qin 40,850, Song 40,510
The Qin family of models sold a record 40,850 units in March, surpassing the Song family's 40,510 units to become the best-selling BYD model for the month.
BYD today announced its new energy vehicle (NEV) sales for March and later provided a breakdown of the figures for different models.
The Qin family of models sold a record 40,850 units in March, making it the highest-selling BYD model for the month and contributing 19.8 percent of the NEV maker's passenger NEV sales in March.
The sales were up 64.74 percent from 24,797 units in the same month last year and up 33.76 percent from 30,540 units in February, according to data monitored by CnEVPost.
In the first quarter, the Qin family of models sold 85,575 units, up 12.83 percent from the same period last year.
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 ($14,530) 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 Song family -- the top-selling BYD model in many previous months -- sold 40,510 units in March, second only to the Qin family model.
Sales of the family models in March were up 51.56 percent from 26,729 units in the same month last year but down 22.69 percent from 52,400 units in February.
This is the lowest sales for the Song family of models since July 2022. The family sold a record 70,079 units in December of last year.
In the first quarter, Song family models sold 142,775 units, up 93.69 percent from the previous year.
The Yuan family sold a record 40,400 units in March, making it the third highest-selling BYD model for the month.
This represents a 213.64 percent increase from 12,881 units in the same period and a 20.20 percent increase from 33,612 units in February.
The Yuan family of models sold 97,243 units in the first quarter, up 219.56 percent from the same period last year.
BYD Dolphin also sold a record 30,077 units in March, up 186.42 percent year-on-year and 31.56 percent from February.
In the first quarter, BYD Dolphin sold 70,567 units, up 137.86 percent year-on-year.
The BYD Han family of models sold 13,550 units in March, up 9.64 percent year-on-year and up 9.77 percent from February.
The f Han family sold 38,109 units in the first quarter, up 10.69 percent year-on-year.
The BYD Tang family of models sold 12,133 units in March, virtually unchanged from 12,029 units in February and up 26.06 percent from a year ago.
Tang family models sold 33,052 units in the first quarter, up 13.54 percent from a year ago.
The BYD Frigate 07 sold 8,150 units in March, up 26.77 percent from February. The model went on sale on December 9, 2022.
The BYD Seal sold 6,000 units in March, down 22.62 percent from February. The model went on sale on July 29, 2022.
BYD Destroyer 05 -- which went on sale on March 17, 2022 -- sold 3,911 units in March, up 164.97 percent year-on-year but down 21.31 percent from February.
BYD announced earlier today that it sold 207,080 NEVs in March, including 206,089 passenger vehicles, and 991 commercial vehicles.
($1 = RMB 6.8690)
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BYD sells 207,080 NEVs in Mar, up 6.9% from Feb
This article is being updated, please refresh later for more content.
BYD sold 207,080 new energy vehicles (NEVs) in March, up 97.45 percent from 104,878 units in the same month last year and up 6.93 percent from 193,655 units in February.
The company discontinued the production and sales of vehicles powered entirely by internal combustion engines in March last year to focus on the production of plug-in hybrids and pure electric vehicles.
BYD's NEVs include passenger cars as well as commercial vehicles, and they sold 206,089 units and 991 units in March, respectively.
Among these passenger vehicles, battery electric vehicle (BEV) sales were 102,670 units, up 91.32 percent from 53,664 units in the same month last year and up 13.27 percent from 90,639 units in February.
Plug-in hybrid vehicles (PHEVs) were 103,419 units, up 104.09 percent from 50,674 units in the same month last year and up 2.37 percent from 101,025 units in February.
In March, BYD sold 13,312 NEVs in overseas markets, down 11.27 percent from 15,002 units in February.
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 power battery maker.
BYD's installed power and storage battery capacity in March was about 9.891 GWh, up 84.77 percent from 5.353 GWh in the same month last year and up 10.49 percent from 8.952 GWh in February.
In the first quarter, BYD's NEV sales were 552,076 units, up 92.81 percent from 286,329 units in the same period last year, but down 19.22 percent from 683,440 units in the fourth quarter last year.
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BYD revealed official pictures of the $11,600 Seagull EV. To launch on April 18, possibly with a sodium-ion battery
This could be a game changer for Asia EV mobility.
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