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BYD pays tribute to its friends: it has defended the Great Wall of China's SUV market

DoNews reported on July 26 that at the Shuangsong listing press conference held in Kaifeng, Henan Province on the evening of July 25, He Zhiqi, executive vice president of BYD Group and COO of passenger cars, first reviewed the most difficult A-class car market in his speech, and paid tribute to Geely, Changan, GAC and other peers.

BYD pays tribute to its friends: it has defended the Great Wall of China's SUV market

He Zhiqi said that in the past, China's A-class car sales list has been occupied by joint venture brands, until the Chinese brands represented by Geely, Changan, GAC and BYD came in, and the market pattern was gradually rewritten.

BYD pays tribute to its friends: it has defended the Great Wall of China's SUV market

Talking about the SUV market, He Zhiqi said that similarly, for a long time, China's SUV market was also monopolized by joint venture brands. More than ten years ago, Chinese brand SUVs were not the mainstream of the market, and the emergence of Haval has changed this situation.

From 2013 to 2021, the Haval H6 won the sales championship in the SUV market for nine consecutive years. It can be said that Great Wall Motors has single-handedly defended the Great Wall of China's SUV market.

BYD pays tribute to its friends: it has defended the Great Wall of China's SUV market

At the same time, with the addition of Changan, GAC, Chery, Geely and BYD, the share of Chinese brand SUVs has risen. From 2011 to 2020, the market share of Chinese brand SUVs increased from 28% to 47%.

In 2023, Chinese brands will account for 55.4% of the SUV market. Of the top five SUV selling models, four are Chinese brands.

BYD pays tribute to its friends: it has defended the Great Wall of China's SUV market

He Zhiqi said that he believes that Chinese brands better understand the needs of Chinese. Only Chinese brands can create SUVs that Chinese want.

BYD pays tribute to its friends: it has defended the Great Wall of China's SUV market

He Zhiqi's speech sparked applause and cheers from the audience. Netizens who watched the live broadcast also said through the barrage: BYD's wave of operations has amplified the pattern.

BYD pays tribute to its friends: it has defended the Great Wall of China's SUV market

In fact, this is not the first time that BYD has paid tribute to its peers at the press conference, as early as the previous press conference of 5 million new energy vehicles off the assembly line, BYD also paid tribute to a large circle of Chinese car companies. Last night, BYD continued the Shuangsong product line, launching a total of 5 versions, with an official guide price of 135,800-175,800 yuan, and the entry is luxurious.

Indeed, if Chinese brands want to become bigger and stronger in overseas markets, they need leading car companies like BYD, and they need all Chinese car companies to work together.

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