PTaking advantage of both the growth of its national market and the difficulties of its rival, the Chinese company BYD became the first producer of electric cars in the world in the first half of the year. In front of Tesla.
The first sales or production figures for the first quarter are starting to fall. And these days, it is no longer necessarily the place of world number one that is monitored, but that of world number one in electricity. A place that belongs to Tesla since the success of the Model 3 and then the Model Y.
But the American has experienced some setbacks in terms of production in the first half of 2022. After having been relatively spared in 2021, it too is affected by the component crisis and its Shanghai plant has been quite hard hit by the containment of the city in late spring. Its production over the half-year amounted to 564,000 units, with a drop between the 1st and 2nd quarters for a manufacturer accustomed for some time to continuous growth.
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BYD boosted by the Chinese market
Opposite is the Chinese manufacturer BYD. Just three years ago, he was Tom Thumb in the global or Chinese automotive industry. In 2019 or 2020, its annual sales do not exceed half a million units. With still a majority of gasoline models. Electric and plug-in hybrids only represent a third of its sales…
Today, Build Your Dreams is literally boosted by the rise in electric car sales in China. They now represent nearly 20% of the market and BYD is reaping the benefits of its long-standing investments. He has been defending the idea of the electric car for more than 15 years.
In the first half of the year, BYD registered 647,914 electrified cars in China. An increase of 312% compared to 2021 and therefore almost 100,000 units more than Tesla. BYD is advantaged on many fronts: its range is wider with cheaper models, it does not have a factory in Shanghai and it has been less impacted by the confinements, it produces a large part of its components itself , including electrical or electronic, and is less exposed to the crisis of the latter.
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But, because there is a but, this total also includes plug-in hybrid vehicles. Details of electric and hybrid sales are unknown. Nevertheless, it can be estimated on the basis of the market average. In the first quarter (detailed second quarter figures will be available later), plug-in hybrids accounted for just 5% of NEV sales. Admittedly, BYD has deployed its new DM-i rechargeable hybrid technology in recent months, but it has also launched several successful electric vehicles such as the Yuan Plus or Dolphin (the Seal has not yet been delivered). Considering that sales of plug-in hybrids represented between 5 and 10% of BYD’s NEV sales, the Chinese manufacturer remains ahead of Tesla for electric models alone…