On March 25th, 2024, BYD once again set a new record, becoming the first automobile brand in the world to roll off the production line of the 7 millionth new energy vehicle. As an off-line model, the brand-new Tengshi N7 was unveiled at the Jinan factory, witnessing a new era in the new energy vehicle industry.
Since the "1 millionth new energy vehicle rolled off the assembly line" in May, 2021, BYD has reached a new height of 7 millionth vehicle in less than three years, which not only ran out of the "acceleration" of China brand, but also wrote a perfect answer to lead the transformation of the automobile industry, which is the best witness to the accelerated development of global green travel.
The advantages of the whole industrial chain and the scale effect are prominent, which helps the penetration rate of new energy to continue to rise.
In 2023, BYD sold a total of 3.02 million vehicles throughout the year, once again winning the global new energy vehicle sales champion. Following the launch of the champion model with the same price of oil and electricity last year, in February this year, BYD launched the glory model strongly, opening a new era of "electricity is lower than oil"! Behind this is the strong synergy between BYD’s scale effect and the advantages of the whole industry chain.
At present, the one-week penetration rate of new energy vehicles in China has exceeded 48.2%, a record high, and it is expected that the penetration rate of new energy vehicles will exceed 50% in the next three months. In the top 10 passenger car sales list in the third week of this month, BYD occupied 7 seats.
BYD will persist in using subversive innovative technologies to enhance productivity, and with the help of large-scale and systematic industrial advantages, contribute to the green and low-carbon transformation and development of the automobile industry.
Multi-brand coordinated development, driving high-quality industrial upgrading
In the critical period of the structural transformation of the automobile industry, BYD’s multi-brand development market strategy has achieved remarkable results. BYD brand Wang Dynasty Ocean, Tengshi brand, Wangwang brand and Equation Leopard brand won sales champions in various market segments in the past year. The first model that high-end brands look forward to, "Looking Up at U8", reached 5,000 units this month, which took only 132 days, setting a record for the fastest sales of million-class SUV models in China. As BYD’s leading intelligent driving representative, the brand-new Tengshi N7 of luxury brand Tengshi will also be officially launched on April 1st, and the integration of intelligence and electricity will evolve in an all-round way, bringing users a leading model with high value and a million-level luxury cockpit! Speed up the intelligent shift in the second half!
The process of globalization is accelerating, creating a respectable world-class brand.
Leading technology, high-quality products and perfect industrial chain make BYD favored by more and more consumers. Under the new pattern of high-level opening up, BYD has actively laid out the global market and entered the vision of global users. Last year, BYD’s overseas sales of new energy passenger cars exceeded 240,000, up 337% year-on-year, making it the most exported brand of new energy vehicles in China in 2023. Up to now, BYD has entered 78 countries and regions around the world, and invested and set up factories in Brazil, Hungary, Thailand and other overseas regions, becoming a "new business card" made in China.
This year, BYD will join hands with the 2024 European Cup to enter the green field, becoming the first new energy automobile brand to enter the European Cup and the first China automobile brand to cooperate with the European Cup. In the future, BYD will continue to broaden and deepen a series of localization cooperation of overseas products, technologies and brands, and promote the global automobile industry to accelerate into the new energy era.
Looking back, after more than 20 years of technical cultivation, BYD has become the first China brand in China’s automobile industry to enter the top ten in the world in 70 years. Now, standing on the new milestone of 7 million, BYD will not forget its original intention, continue to rely on the advantages of core technology and the whole industry chain to launch more heavy technologies and high-quality products, build a respectable world-class brand, and lead the global new energy automobile industry to change forward!
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