BYD extending gains

BYD Co Ltd is a Chinese maker of automobiles, battery-powered bicycles, buses, forklifts, rechargeable batteries, vehicles, and is base in Shenzhen. It has 2 significant subsidiaries, BYD Car and BYD Electronic and also was established in February 1995.

The new hybrid vehicle business grew rapidly with sales volume improving significantly and competitiveness continuing to increase

Revenue from the BYD assembly business and the artificial intelligence product business improves rapidly.


According  to  the  statistics  from  China  Association  of  Automobile  Manufacturers, in the first six months of 2019, the manufacturing as well as sales quantity of cars in China amounted to 12,132,000 units as well as 12,323,000 units, respectively, down by 13.7% and 12.4% year-on-year. Among which, the brand-new power automobile organisation remained to buck the fad and also kept growth, with production and sales quantity reaching 614,000 systems and 617,000 devices respectively, up by 48.5% as well as 49.6% year-on-year. This signifies a continual increase market penetration rate.

According to  the  data from China Association of Automobile Manufacturers, BYD’s market share in the new energy vehicle segment increased from approximately 20%

Replacement of Older Dynasty Series

Most importantly, the Group continued to promote the replacement of older models in the Dynasty series, and several models were  launched,  including  the  new  generation  of  “Tang  EV”, new  plug-in  hybrid  electric  version  of  “Song  Max”  , and  the  new  generation  of  “Yuan  EV”,  all  of  which  were  well  acclaimed  in  the  market  for  their  excellent  performance  and  appearance. 

Tang EV

“Tang  EV”,  with  the  ability  to  accelerate  from  0  km/h  to  100  km/h  within  4.3  seconds  and  its  comprehensive  endurance  reaching  500km,  is  regarded  as  the  SUV  with  most  power  in  China,  setting  a  new  benchmark  in  the  industry. 

New  generation  of  “Yuan  EV”

 

Yuan BYD top 5 electric car in China

In  the  first  half  of  2019,  the  new  generation  of  “Yuan  EV”,  “e5”  and  the  brand  new  model  of  “Tang  DM”  of  BYD  ranked among the top five in terms of electric car sales in China, which further consolidated BYD’s leading position in the new energy vehicle industry. 

In  addition,  the  new  models  in  the  Dynasty  series  are  first  in  the  series  to  be  installed  with  electronic  platforms,  which  offers  the  benefits  of  high integration, standardization and operation scale. Thus, platform is able to achieve great improvement as to overall vehicle weight, energy performance and reliability. In addition, this also significantly reduce production cost, further consolidating the competitive advantages of its products. During the Period, the Group further enhanced its product layout with a brand new pure electric vehicle model series based on the e platform, the e series, and comprehensively covered the new energy vehicle segment market. The Group launched the e series models “e1” and the SUV model “S2” in April and June respectively, both receiving positive responses from the market.

Chinese Cities with BYD pure electric buses

In the field of pure electric buses, BYD’s pure electric buses have been in operation in countless cities across China including Shenzhen, Guangzhou, Tianjin, Dalian,  Changsha and more. 

Electric Bus Growth

In terms of the overseas market, the Group’s “electrification of urban public transportation” continued to progress rapidly, and the Group completed the delivery of electric buses to the UK, Norway, Belgium, Spain, Singapore and Ecuador, solidifying its leading position in the wave of electrification of public transportation in cities around the world.

Gross Profit and Margin

During the Period, the Group’s gross profit increased by approximately 35.59% to approximately 9, 181 million Yuan. Gross profit margin increased from 13.04% in the first half of 2018 to approximately 15.50% during the Period. The increase in gross profit margin was mainly attributable to the rise of new energy automobile profit.