On the 7th China Automotive Power Technology Conference, BYD FWD Engine R&D Director Zhang Nan said in response to a question about the future development of hybrid and pure electric market outlook, BYD is the state of pure electric and hybrid 1:1, and is the slightly more hybrid situation.
He said: “You can see that the hybrid growth rate is faster than the pure electric, and now many people take the hybrid car as a pure tram in the drive, we plug-in hybrid range to 100-200km range, can cover more than 90% of users, while cheaper than pure trams.”
Zhang Nan believes that the market for hybrid cars will be very good, the whole market, 20% is hybrid, 80% is pure electric. If BYD for example, at least the whole industry will develop to a 1:1 state. From the analysis of the model product power, the trend of hybrid is even a little better than pure electric.
In February, BYD sold 193,650 new energy vehicles, compared with 88,300 units in the same month last year; cumulative sales for the year were 345,000 units, up 90.13% year-on-year.
BYD sold a total of 15,002 new energy passenger vehicles overseas in February 2023. The company’s total installed capacity of new energy vehicle power batteries and energy storage batteries in February 2023 is about 8.952GWh, and the total cumulative installed capacity in 2023 is about 17.100GWh.
Specifically, BYD sold 101,025 DM models in February, 90,639 EV models, and more than 3.7 million new energy vehicles. Among them, the BYD brand Dynasty and Haiyang sold 184,339 vehicles in February, a month-on-month increase of 28.3%.
The BYD Auto Dynasty will sell 103,971 vehicles in February 2023, a year-on-year increase of 64.5%. In terms of Dynasty models:
Han sold 12,344 vehicles in February, with a cumulative sales of 456,795 vehicles; Tang sold 12,029 vehicles in February, with a cumulative sales of 465,899 vehicles; Qin sold 30,540 vehicles in February, with a cumulative sales of 903,199 vehicles; In February, 33,612 vehicles were sold, with a total of 516,452 vehicles sold; Song (including Song Pro and Song MAX) sold 15,446 vehicles in February, with a cumulative sales of 1,113,556 vehicles.