BYD grows by 94.30%!
On May 2nd, the Hong Kong Stock Exchange announced that the sales of new energy vehicles in April were 210300 units, compared to 106000 units in the same period last year; The cumulative sales volume for this year was 762400 vehicles, a year-on-year increase of 94.30%.
In addition, the announcement also mentioned that BYD sold a total of 14827 new energy passenger vehicles overseas in April.
On April 27th, BYD, a Hong Kong stock company, released its first quarter report for 2023. The report shows that in the first quarter of this year, BYD's revenue was 120.174 billion yuan, a year-on-year increase of 79.83%; Net profit was 4.13 billion yuan, a year-on-year increase of 410.89%. As of the end of the first quarter, the company had total assets of 547.103 billion yuan and total liabilities of 421.018 billion yuan, based on which the asset liability ratio was calculated to be 76.95%. According to BYD's sales data, in 2022, BYD's cumulative sales reached 1868543 vehicles, a year-on-year increase of 152.5%, once again winning the global new energy vehicle sales champion and maintaining the top spot in car sales for ten consecutive years. According to data from the China Association of Automobile Manufacturers, BYD's new energy vehicle market share in 2022 is 27%, a year-on-year increase of nearly 10 percentage points.
In March of this year, BYD's sales exceeded 200000 units, reaching 207080 units, a year-on-year increase of 97.4%. Obviously, BYD's high-speed growth momentum has not diminished at all. BYD's goal is to become China's largest automaker by the end of this year! "Said BYD Chairman Wang Chuanfu confidently at a performance conference on March 29th." BYD's sales target for this year starts at 3 million vehicles and aims to double to 3.6 million vehicles
How are the new forces in the automotive industry performing?
Recently, several new car manufacturers have released their April production and sales reports, showing a good growth momentum in car sales.
On May 1st, it was announced that in April, Ideal Automobile delivered a total of 25681 new cars, once again setting a new record for monthly deliveries. It has delivered over 20000 vehicles for two consecutive months, a year-on-year increase of 516.3% and a month on month increase of 23%. As of April 30th, the cumulative delivery volume of Ideal Automobile is 335599 units. Li Xiang, Chairman and CEO of Ideal Automobile, said, "We are very pleased to see that the Ideal L7 achieved a delivery of over 10000 yuan in its first full delivery month, becoming one of the preferred luxury five seater SUVs for more families. The Ideal L7 is also the first Chinese brand to achieve a monthly delivery of over 10000 yuan for a five seater SUV with a starting price of over 300000 yuan. At the same time, Ideal Automobile also achieved leading market share in the NEV market of over 300000 yuan and the SUV market (including fuel vehicles) of over 300000 yuan in the first quarter of 2023. ”
On May 1st, the delivery data for April was announced. Data shows that in April 2023, Xiaopeng Motors delivered a total of 7079 new cars, slightly higher than the previous month's 7002. Compared with 9002 vehicles in the same period last year, the year-on-year decrease is 21.4%. It is reported that the production capacity of Xiaopeng P7i has significantly increased, and Xiaopeng Motors will accelerate the delivery process in the future.
On May 1st, GAC Aion announced its sales volume for April, achieving strong year-on-year growth with a single month delivery of 41012 vehicles. At the same time, it achieved a monthly sales volume of 40000 vehicles for two consecutive months, a year-on-year increase of 301.61% and a month on month increase of 2.49%; Accumulated sales of 121320 vehicles in the first four months of 2023, a year-on-year increase of 120.24%.
As the sales champion of the "New Car Force" in 2022, Nezha Automobile also released its sales data for April. Data shows that in April 2023, Nezha Motors delivered a total of 11080 new cars, a year-on-year increase of 26% compared to the 8813 cars delivered in the same period last year. Compared to last month's 10087 units, sales have increased by nearly 1000 units.
However, NIO's car sales in April declined compared to the previous month. On May 1st, NIO announced its delivery volume for April 2023, with a total of 6658 new cars delivered, a year-on-year increase of 31.2% but a month on month decline of 35.8%. From January to April 2023, NIO delivered a total of 37699 new cars, a year-on-year increase of 22.2%. NIO has delivered a total of 327255 new vehicles. According to Securities Times, it is believed that the auto market has stabilized and recovered, and sales of new forces have increased. According to data from the China Association of Automobile Manufacturers, the retail sales of narrow passenger cars in April 2023 are expected to be 1.57 million units, a year-on-year increase of 49.8% and a month on month decrease of -1.3%; Among them, the retail sales of new energy are expected to be 500000 vehicles, with a month on month increase of -8.4%; The penetration rate is about 31.8%. Major new energy vehicle companies, except for NIO, have all achieved a month on month increase in sales due to the impact of product cycles. After entering April, the heat of price wars gradually subsided, and the overall car market showed a trend of stabilization and repair.