[SMM analysis] BYD reported a 73 per cent increase in sales of new energy vehicles in February but faces challenges-Shanghai Metals Market

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[SMM analysis] BYD reported a 73 per cent increase in sales of new energy vehicles in February but faces challenges

Translation 10:32:36AM Mar 08, 2019 Source:Shanghai Nonferrous Metals Network
The content below was translated by Tencent automatically for reference.

SMM3, March 8: BYD recently released its February 2019 sales volume of KuaiBao, according to the announcement, February, the company's new energy vehicle sales of 14429, an increase of 73% over the same period last year. Cumulative sales from January to February were 43097, up 175 per cent from a year earlier. In terms of batteries, the total installed capacity of power batteries and storage batteries for new energy vehicles in February was about 0.77GWh, and the cumulative total installed capacity this year was about 2.32GWh.

BYD February sales KuaiBao data: (unit: vehicle)

 

Of these, passenger car sales were 14005, with cumulative sales of 42010 this year; pure electric sales were 7960, with cumulative sales of 24179 this year; plug-in hybrid sales were 6045, with cumulative sales of 17831 this year. At present, BYD's main business, new energy vehicles sector the largest growth. Among them, the new energy bus, even in the case of weak demand in the industry as a whole, still increased by 91.7% compared with the same period last year, after a three-month holiday notice made Guangqi BYD bus Co., Ltd. become the focus of attention of the industry.

February 28, a media source said that Guangqi BYD issued an internal notice, from March 1 to May 31, the production department, quality department, planning department on-site personnel vacation for 3 months. In response to this, Biadi said that due to the recent off-season production of new energy buses, the adjustment of the work of some production line staff is to adapt to the short-term behavior of the production situation, and the joint venture company is operating normally. BYD said that the new energy bus industry has a relatively obvious off-peak season, due to the recent off-season of production, in line with the principle of responsible and humanized management of employees, on the premise of respecting the wishes of employees, Guangqi BYD, a joint venture, adjusts the work of some of its production line employees (supporting BYD's factory production or paid short-term leave in the Shenghui area). This is only a short-term behavior of the joint venture company in order to adapt to the production situation. The joint venture company is operating normally and will arrange full production during the peak production season, maintaining confidence in the overall sales and operation of 2019. "

SMM expects that the overall new energy bus market will show a downward trend in 2019, and the related business sectors of car companies will be dragged down. Earlier, BYD reported 2018 revenue of 130.06 billion yuan, an increase of 22.79 percent over the same period last year, while operating profit was 3.88 billion yuan, down 28.3 percent from a year earlier. For this reason, BYD gave the following reasons: 1. In 2018, driven by the rapid development of the new energy vehicle industry and the group's new product cycle, the group's new energy vehicle sales achieved rapid growth, and won the global new energy vehicle sales title for four consecutive years. The leading position of the industry has been further consolidated; 2. Due to the fierce competition brought about by the decline of the fuel vehicle industry, the profit level of the group's fuel vehicle business has been affected to a certain extent. 3. In terms of mobile phone components and assembly business, orders and profits are under greater pressure due to weak demand in the industry and intensified market competition. 4. In the photovoltaic business, the loss of the photovoltaic business expanded during the year due to factors such as policy changes and impairment provisions.

2019 (fourth) Ni-Co-Li-mn Industry chain Summit-Global Lithium Technology Symposium invites cathode materials and lithium battery enterprises to explore the new trends of industrial chain development, interpret industry policy trends, and analyze future price trends! Review 2018 with 90% of the bosses, purchasing and general workers in the industry, look forward to 2019, and imagine 2020!

Meeting details: 2019 (fourth) Ni-Co-Li-mn Industry chain Summit (click on the link to see details)

[2019 Ni-Co-Li-mn Industry chain Summit]

Boutique meeting, New year feast!

Summit consultation, Mr. Yu

18516238893

"Click on the registration page

Scan QR code, apply to join SMM metal exchange group, please indicate company + name + main business

Key Words:  Lithium  BYD  cars  new energy. 

[SMM analysis] BYD reported a 73 per cent increase in sales of new energy vehicles in February but faces challenges

Translation 10:32:36AM Mar 08, 2019 Source:Shanghai Nonferrous Metals Network
The content below was translated by Tencent automatically for reference.

SMM3, March 8: BYD recently released its February 2019 sales volume of KuaiBao, according to the announcement, February, the company's new energy vehicle sales of 14429, an increase of 73% over the same period last year. Cumulative sales from January to February were 43097, up 175 per cent from a year earlier. In terms of batteries, the total installed capacity of power batteries and storage batteries for new energy vehicles in February was about 0.77GWh, and the cumulative total installed capacity this year was about 2.32GWh.

BYD February sales KuaiBao data: (unit: vehicle)

 

Of these, passenger car sales were 14005, with cumulative sales of 42010 this year; pure electric sales were 7960, with cumulative sales of 24179 this year; plug-in hybrid sales were 6045, with cumulative sales of 17831 this year. At present, BYD's main business, new energy vehicles sector the largest growth. Among them, the new energy bus, even in the case of weak demand in the industry as a whole, still increased by 91.7% compared with the same period last year, after a three-month holiday notice made Guangqi BYD bus Co., Ltd. become the focus of attention of the industry.

February 28, a media source said that Guangqi BYD issued an internal notice, from March 1 to May 31, the production department, quality department, planning department on-site personnel vacation for 3 months. In response to this, Biadi said that due to the recent off-season production of new energy buses, the adjustment of the work of some production line staff is to adapt to the short-term behavior of the production situation, and the joint venture company is operating normally. BYD said that the new energy bus industry has a relatively obvious off-peak season, due to the recent off-season of production, in line with the principle of responsible and humanized management of employees, on the premise of respecting the wishes of employees, Guangqi BYD, a joint venture, adjusts the work of some of its production line employees (supporting BYD's factory production or paid short-term leave in the Shenghui area). This is only a short-term behavior of the joint venture company in order to adapt to the production situation. The joint venture company is operating normally and will arrange full production during the peak production season, maintaining confidence in the overall sales and operation of 2019. "

SMM expects that the overall new energy bus market will show a downward trend in 2019, and the related business sectors of car companies will be dragged down. Earlier, BYD reported 2018 revenue of 130.06 billion yuan, an increase of 22.79 percent over the same period last year, while operating profit was 3.88 billion yuan, down 28.3 percent from a year earlier. For this reason, BYD gave the following reasons: 1. In 2018, driven by the rapid development of the new energy vehicle industry and the group's new product cycle, the group's new energy vehicle sales achieved rapid growth, and won the global new energy vehicle sales title for four consecutive years. The leading position of the industry has been further consolidated; 2. Due to the fierce competition brought about by the decline of the fuel vehicle industry, the profit level of the group's fuel vehicle business has been affected to a certain extent. 3. In terms of mobile phone components and assembly business, orders and profits are under greater pressure due to weak demand in the industry and intensified market competition. 4. In the photovoltaic business, the loss of the photovoltaic business expanded during the year due to factors such as policy changes and impairment provisions.

2019 (fourth) Ni-Co-Li-mn Industry chain Summit-Global Lithium Technology Symposium invites cathode materials and lithium battery enterprises to explore the new trends of industrial chain development, interpret industry policy trends, and analyze future price trends! Review 2018 with 90% of the bosses, purchasing and general workers in the industry, look forward to 2019, and imagine 2020!

Meeting details: 2019 (fourth) Ni-Co-Li-mn Industry chain Summit (click on the link to see details)

[2019 Ni-Co-Li-mn Industry chain Summit]

Boutique meeting, New year feast!

Summit consultation, Mr. Yu

18516238893

"Click on the registration page

Scan QR code, apply to join SMM metal exchange group, please indicate company + name + main business

Key Words:  Lithium  BYD  cars  new energy.