BYD officially stopped production of pure fuel vehicles, European and American car companies: I became a painting PPT?

On April 3, BYD abruptly announced that it would stop producing fuel vehicles from March. ASD thus became the first car company in the world to stop the production of fuel vehicles.

The reason why it is sudden is because BYD has not focused on promoting its own fuel vehicle suspension schedule like European car companies. Of course, BYD founder Wang Chuanfu has repeatedly said that the sooner the ban on fuel vehicles is held, the better.

Although European and American car companies have long formulated a timetable for the suspension of fuel vehicles, even nissan, Jaguar and other car companies with the earliest planned suspension time will stop selling in 2025. The suspension time of most mainstream multinational car companies for fuel vehicles has come to around 2030.

BYD's suspension of fuel vehicles this time is like around 2014, most of the new force car companies have just released new car PPT, but one has begun to deliver, making the fuel car ban plan of these European and American car companies look like PPT.

01

Fuel vehicle sales have long since become irrelevant

Although we used the word "suddenly", we are not surprised that BYD has discontinued fuel vehicles, and since the second half of last year, 80% of BYD's monthly sales have come from new energy models. At the beginning, we said that BYD should directly stop selling fuel vehicles and use this part of its production capacity to produce new energy vehicles to alleviate the problem of queuing for half a year to pick up cars.

Taking the sales volume from January to February this year as an example, BYD's total sales volume was 185,600 units, of which only 0.51 million were fuel vehicles, accounting for about 2.75%.

I don't know if you noticed, BYD announced in April that it would "stop the production of fuel vehicles from March." This is because according to BYD's March production and sales report released on the Hong Kong Stock Exchange, BYD sold 104,878 new cars in March, of which 53,664 were pure electric models, 50,647 were plug-in hybrids (excluding commercial vehicles), and in the fuel vehicle column, both production and sales were zero.

Two points need to be pointed out here: the "sales volume" in the production and sales express of the car company refers to the sales volume of the car company to the dealer wholesale. So don't be surprised if someone mentions BYD's fuel car in March; secondly, plug-in hybrid (PHEV) is considered a new energy model under certain conditions.

But don't think that BYD stopped production of fuel vehicles because of poor sales of fuel vehicles. Last year, BYD sold a total of 136,348 fuel vehicles, especially in the first four months of monthly sales of more than 10,000 vehicles. From the sales curve, we can also see that new energy sales and fuel vehicle sales are negatively correlated, and the reason is the problem of insufficient production capacity that BYD's old students talked about last year.

02

Stop production of fuel vehicles to cede production capacity

Whenever BYD was talked about last year, the problem of queuing up for cars due to limited production capacity was always moved out. So what is BYD's production capacity? The answer is: by the end of 2021, the annual production capacity of passenger cars will be 900,000 units, of which the planned production capacity for new energy models will be 300,000 vehicles, 300,000 will be fuel models, 200,000 will be high-end models such as Han and Tang, and another 300,000 will be planned for the Marine series.

It can be seen that stopping the production of fuel vehicles and assigning their production capacity to new energy models is a very rapid choice to increase production capacity. In the first three months of this year, BYD's passenger car production has reached 292,165 units. The minutes of BYD's investor meeting show that its cumulative undelivered orders have reached 400,000 vehicles.

Of course, BYD has nine capacity expansion or new construction plans this year, and its annual production capacity will reach 3.05 million units by the end of this year (the actual availability is 2 million units), and the expected delivery volume in 2022 is 1.5 million units.

03

It was predicted 15 years ago

As early as the off-line ceremony of the BYD F6 in 2007, Wang Chuanfu boasted about Haikou: "The future of the world is hybrid and electric vehicles, not gasoline vehicles"; "BYD plans to become China's first automobile manufacturer in 2015, surpassing Toyota to become the world's first in 2025."

Although it became China's first car company in 2015, even if it has not been done so far, it is almost impossible to surpass Toyota in 2025, but the phrase "the future of the world is hybrid and electric vehicles" has been fulfilled 15 years later.

In fact, at the earlier 2004 Beijing Auto Show, BYD, which acquired car manufacturing qualifications through the acquisition of Qinchuan Automobile a year ago, brought seven models including pure trams, hybrids, and pure fuel vehicles in one go. This has already determined the road paving of fuel vehicles, pure electricity, hybrid parallel car manufacturing routes.

If Mazda is selling cars to make money to study rotor engines, then BYD is selling cars to make money to study new energy.

In 2009, at the Dalian International Automobile Industry Exhibition, BYD finally brought the first generation of DM model - F3DM, which is also the prototype of the current DM-i.

In the same year, BYD also launched the first pure electric car BYD E6, equipped with a 61kWh lithium iron phosphate battery, with a cruising range of 300 kilometers.

From april 16, 2005, when the first model, the F3, was rolled off the production line, to April 3, 2022, when the production of fuel vehicles was announced, BYD took 4196 days.