BYD's new energy vehicle revenue exceeded 30% in the first half of the year, and many models sold well

BYD released its first half performance report today. In the first half of this year, BYD's turnover was 52.163 billion yuan, a year-on-year increase of 19%, and the net profit attributable to the listed company was about 479 million yuan. BYD expects the net profit in the first three quarters of this year to be about 1.28 billion yuan to 1.68 billion yuan.

Wang Chuanfu pointed out that "BYD's automotive business will usher in a new round of growth cycle, and the company's profitability of new energy vehicles will be significantly improved in the second half of the year."

Talking about the first half of the year's performance, Wang Chuanfu said: "Against the backdrop of a significant slowdown in the growth of the auto industry in the first half of the year, BYD's multiple new models have won enthusiastic responses from the market and accumulated a large number of orders. Sales of new energy vehicles increased by 121% year-on-year to approximately 75,800 units, continuing to maintain its position as the global sales champion."

BYD's financial report shows that its automotive business sales revenue in the first half of the year increased by 24.93% year-on-year to 28.026 billion yuan. Among them, new energy vehicle revenue reached 18.173 billion yuan, accounting for 34.84% of BYD's total revenue, and continued to be an important source of income and profit for BYD.

According to data released by the China Association of Automobile Manufacturers, BYD's market share in the new energy vehicle sector is 18.3%, and its market share in the new energy passenger vehicle sector is 20.3%.

This year, BYD's new generation Tang, Yuan EV360 and other models have received enthusiastic market feedback. The new generation Tang sold 7,000 units in the first month of its launch, with cumulative orders exceeding 20,000 units. Qin DM and Song DM took the first and second place in the domestic plug-in hybrid vehicle market.

In key new energy vehicle markets such as Beijing, Shenzhen, Guangzhou and Hangzhou, BYD's market share exceeded 30% from January to July this year.

In the second half of the year, BYD will launch a number of Dynasty series models, including the new generation Song (fuel version, plug-in hybrid version and pure electric version), Qin Pro (fuel version, plug-in hybrid version and pure electric version), the new generation Tang (pure electric version), etc. These models all adopt the "Dragon Face" family design language and are equipped with the DiLink intelligent network system.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.