BYD could become the first Chinese automaker
- The Chinese group BYD has made a spectacular breakthrough in 2021 and 2022, in terms of sales and production, benefiting in particular from the strong growth in sales of battery electric vehicles (BEV) and plug-in hybrids (PHEV) on the Chinese market.
- BYD has not only become the world's leading carmaker of plug-in hybrid vehicles and the world's second largest carmaker of battery electric vehicles (behind Tesla), but has overtaken the second independent Chinese carmaker (Changan) and is getting closer and closer to the first Chinese carmaker (Geely). 2022 will end with BYD's production volume close to 1.5 million vehicles, compared to 1.2 million for Changan and 2.0 million for Geely.
- But if we take into account the current momentum of BYD, this carmaker could overtake Geely (which is stagnating at the global level) in 2023 or 2024, and thus become in volume the first domestic Chinese carmaker (not linked with a foreign carmaker).
- Geely is counting on the new electric Smart to boost its sales and remain the first carmaker not linked with a foreign carmaker.
The BYD range now includes 21 different models, the 5 most popular of which represent 63% of its total sales. Sedans represent 54% of its sales, SUVs 45% and MPVs 1%.
The BYD range now includes 21 different models, the 5 most popular of which represent 63% of its total sales. Sedans represent 54% of its sales, SUVs 45% and MPVs 1%.
- By segment, BYD mainly sells upper mid-range models, since 59% of its sales are made up of D-segment models, ahead of E-segment models (15%), C-segment models (13%) and B (13%).
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