Recently, BYD disclosed a sales report on the Shenzhen Stock Exchange. The report shows that in September, the company's sales of new energy vehicles and fuel vehicles were 27,903 and 20010, respectively; sales of new energy vehicles were 27.8% higher than the 21,838 in the same period last month. The cumulative sales of new energy vehicles and fuel vehicles in the first three quarters were 143,400 and 208,200 respectively.
September sales exceeded expectations for new energy passenger vehicles up 120% year-on-year
New energy passenger vehicles: In terms of vehicle types, 12,120 pure electric vehicles and 12,899 plug-in hybrid vehicles are used. The proportion of pure electric vehicles is nearly half. The sales volume of new models is 5008 yuan, the second generation DM 6019, Qin DM+EV 6073, new models Sales continue to remain strong. According to statistics, the cumulative sales volume from January to September was 135,000 units. The sales volume in September exceeded expectations. The annual target of 210,000 units can be expected.
New energy buses: In September, the sales of passenger cars were 2,700 units, which was a significant increase from 963 units in August, and the cumulative sales from January to September were 07.8 million units. At the same time, the fourth quarter will usher in the peak season of passenger cars, and the sales of passenger cars are expected to continue to increase from the previous month.
Following the success of the new styling on the Song MAX, new energy passenger vehicles Yuan EV and Tang II PHEV were successively launched and started to increase in volume in July. The sales volume in July was 17,800, and the sales volume in August was 21,000 in September. The sales volume of 25,000 units continued to strengthen compared to the previous quarter. Among them, Tang and Yuan had orders of more than 10,000 units. Looking forward to the fourth quarter, as the Qin pro, Song DM, and Tang EV equipped with "Dragon Face" will be launched in the fourth quarter, it is expected to maintain in the fourth quarter. At the monthly average level of 25,000 units, the annual sales target of 210,000 new energy passenger vehicles is expected.
The formation of policies in the second half of the year is positive for the profitability to rebound significantly
In fact, BYD's new energy passenger car sales began to explode in the second half of the year, mainly due to the benefits brought about by policy adjustments.
In the first half of the year, the subsidy declined by 30% in 2017, and the battery of pure electric vehicles was switched from lithium iron phosphate to the ternary system, which led to higher costs and a significant decline in performance. However, in the second half of the year, as the transitional policy is beneficial to the company, new energy Compared with 2017, the car subsidy policy did not decrease but increased.
With the rapid increase of new models and the heavy volume of new energy buses in the second half of the year, the performance of the second quarter of this year is expected to increase significantly from the previous quarter. The company's annual net profit is expected to be close to 3 billion. The company forecasts a single-quarter net profit of 800 to 1.2 billion in Q3. In terms of capacity utilization, the increase in sales has led to a significant increase in the company's capacity utilization. The company has a total production capacity of 800,000 passenger vehicles, and a total sales volume of 350,000 in 2017. The sales volume in 2018 is expected to reach 500,000. In the long run, although the continued decline of subsidies will bring about performance pressure, the company is the most beneficial manufacturer of the dual-point policy and is expected to transform the first-mover advantage into actual performance increments.
Leading power battery layout, peers can wrestle with CATL
BYD, which started with batteries, has its biggest advantage in power batteries. In order to respond to the needs of the new energy vehicle market, BYD is also accelerating its deployment of power battery production capacity.
At present, the power battery production capacity of the Shenzhen and Huizhou plants is 16GWh (half of RMB ternary), and the new capacity of 24GWh in Qinghai has been put into production. It is expected to reach 6GWh by the end of this year and 12Gwh next year. At the same time, BYD recently announced that it will sign another 20Gwh power battery project with the government of Bishan District, Chongqing. , The speed and scale of new power battery production capacity are also far beyond the peers.
From a technical point of view, BYD’s passenger car power batteries have all been switched to the ternary NCM523. With the industry’s earliest technology accumulation and cost advantages brought by the scale effect, BYD is also the most likely China in the future to break the wrist with CATL. factory.
It is worth mentioning that, in addition to meeting its own needs, BYD is also actively expanding battery supply. The company signed a strategic cooperation agreement with Changan in July to kick off the external battery supply. Dongfeng Motor is also currently supplying BYD. At the same time, the company is already in contact with international automakers and has made progress. Although it is difficult to contribute to the performance in the short term, the situation of external battery supply will occur. Open, BYD's overall development trend will open up a new situation.
French Type Electionics Connection
French power strips distribute power to multi devices, computer, refrigerator, etc at same time. The dural plastic housing(flame retadent PP merterial) stands 750 degree high temperature, children safety shutter, premium safety for you and your family. Right-angle plug type E can be flexibility used for suers and save space at same time. The KYFEN French USB power strips with USB type A or type C, deliver power to moblie phone, game machine or other mobile machine. KYFEN French extension cord socket got CE/NF/RoHS/REACH approved, comply with eu sales requirements.
French Type Electionics Connection,Electrical Connector,Electrical Wire Connectors,Power Extension Socket
CIXI KYFEN ELECTRONICS CO.,LTD, , https://www.kyfengroup.com