One Million Milestones: Technology-Driven Sales Leap
On November 16th, 2022, BYD's millionth new energy vehicle rolled off the assembly line at its Shenzhen headquarters, becoming the first brand in China to become one of the "million clubs" of new energy. This breakthrough marks that China's independent brand has moved from following to running.
Core technology is the key engine of sales growth. In 2021, BYD relied on the technical advantages such as DM-i super hybrid and blade battery, and its new energy sales reached 730,000 units; In 2022, even in the face of epidemic and supply chain challenges, the sales volume soared to 1.86 million units (up 152% year-on-year), ranking first in the global new energy sales champion. The essence of the success of explosive models such as Qin, Tang and Song is the market transformation of core technologies.
Second, ecological upgrading: the transformation from car companies to industrial service providers
While the sales volume broke through, BYD accelerated the industrial ecological upgrading. Since 2021, five Foday companies, including Foday Battery, Foday Motor and Foday Electronic Control, have been established one after another, and the core "three electricity" technologies and parts business have been opened to the outside world.
This transformation breaks the traditional closed mode of automobile enterprises;
Provide core technology and parts support for the whole industry.
Reduce cost and increase efficiency through large-scale production
Improving the competitiveness of the whole industrial chain is called by experts as the key symbol of "transformation from a single car enterprise to an industrial ecological service provider"
Third, policy+opening up: double amplification of technical value
Policy helps to escort technology landing. In 2021, the goal of "double carbon" entered the regulations, and new energy vehicles received key support; In 2022, the number of charging piles in China exceeded 5.21 million (a year-on-year increase of nearly 60%), which solved the anxiety of energy replenishment; The continuation of the purchase tax reduction policy will lower the consumption threshold.
The ecological value of technology opening is rapidly emerging. In 2022, the external supply of Foday batteries increased by more than 300% year-on-year, and Foday Motor became the mainstream of the industry with the advantages of low consumption and high efficiency. BYD takes the core technology as the link, and builds an ecological closed loop by opening the supply chain, which greatly enhances the anti-risk ability and core competitiveness of China's new energy industry chain.
Fourth, a new starting point for technology-driven industries
In 2021-2022, BYD took the core technology as the core driving force to achieve the double breakthrough of magnitude leap and ecological upgrading. This not only confirms the market competitiveness of independent new energy vehicles, but also leads China's new energy industry into a new stage of technology-driven ecological development, laying a solid foundation for subsequent globalization and high-end breakthroughs.
