Byd Company announced in the evening of April 3 that, according to the company’s strategic development needs, it will officially stop the production of fuel vehicles from March 2022. In the future, the company will focus on pure electric and plug-in hybrid vehicle business in the automobile sector. At the same time, the company will continue to produce and supply fuel vehicle parts to provide impeccable services and after-sales support for existing fuel vehicle customers, as well as lifelong supply of spare parts to ensure worry-free travel.
This also signifies that Byd has become the world’s first automaker to stop the production of fuel vehicles. Correspondingly, the oil price has risen for seven consecutive months in 2022.
In the announcement, Byd also disclosed that its new energy vehicle production in March reached 106,658 units, a YoY growth of 416%, while sales were 104,878 units, a YoY growth of 422%. Among them, the production of pure electric passenger vehicles was 54,684 units, a YoY growth of 266%, while sales were 53,664 units, a cumulative YoY growth of 271%. Plug-in hybrid models produced 51,434 units this month, a cumulative YoY growth of 853%, and sales were 50,674 units, a cumulative YoY growth of 857%.
Specifically, the Han series had a sales volume of 12,359 units in March, and the Han DM’s QoQ growth was 524.9%. The Tang series sold 9625 units, and the new generation Tang DM’s YoY growth was 565.9%. The Song family had a sales volume of 26,729 units, and the Song DM’s YoY growth was 2991.3%. The Qin family had a sales volume of 24,797 units, a YoY growth of 468.4%, and the Yuan family sold 12,881 units.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.