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byd’s latest monthly report is out!

on october 1, byd announced that, sales of new energy vehicles in september were 419,400 units, a year-on-year increase of 45.91%.in the first nine months, the company's cumulative sales of new energy vehicles were 2.7479 million units, a year-on-year increase of 32.13%.

in september, byd's sales reached a new high, reaching a new level after selling more than 340,000 vehicles for three consecutive months, exceeding 400,000 vehicles in one fell swoop. in addition, there are many "new forces" in car manufacturing that have achieved record monthly sales.

monthly sales exceeded 400,000 vehicles for the first time

since the beginning of this year, competition in the automobile industry has intensified, and byd's monthly sales have frequently hit new highs.

industry insiders said that on the one hand, this is due to the continued increase in the penetration rate of new energy vehicles, and the sales of new energy vehicle companies are "rising." on the other hand, byd promotes electrification and intelligent technology innovation iterations, and applies them to upgrade existing in terms of models and newly launched models, the company has made a fuss about product cost-effectiveness and high-end products, which has promoted sales growth.

judging from the industry situation, since this year, the penetration rate of new energy vehicles has continued to increase, and has markedly crossed the 50% "watershed". according to data from the passenger car association, in july, the domestic retail penetration rate of new energy vehicles reached 51.0%, achieving a monthly breakthrough of 50% for the first time. in august, the retail sales of new energy vehicles increased by 43.2% year-on-year, 6.3 percentage points faster than in july. the penetration rate of new energy vehicles reached 53.9%, exceeding 50% for two consecutive months.

in may this year, byd successively released its latest research and development results in the field of electrification-e platform 3.0evo and fifth-generation dm technology. subsequently, byd's sales frequently hit new highs.

in june and july, byd's monthly sales exceeded 340,000 vehicles, reaching 341,700 and 342,400 respectively. in august, byd's sales reached a new level, reaching 373,100 vehicles; in september, it exceeded 400,000 vehicles.

source: company announcement

ping an securities analyzed that the fifth-generation dm technology has strengthened byd's advantages in the hybrid field. a variety of products have been launched to gradually replace the fourth-generation hybrid system, laying the foundation for the company's leadership in the hybrid field in the next two years. the company has a strong position in the economical car market and its market share is relatively high. the market for alternative fuel vehicles in this price range is still considerable. the company's market share and sales of economical cars still have room for growth. it is expected that the company's market share in the domestic economy will increase. the retail sales volume of the small market is expected to reach 4.5 million units.

high-end efforts are frequently made

while laying a solid foundation for the economical car market, byd has frequently made efforts in high-end development in recent years. at present, a matrix of high-end brands including yangwang, fangbao and denza has been built.

on the evening of september 20, denza motors, a subsidiary of byd, announced that the denza z9gt was officially launched, with a listing price of 334,800 yuan to 414,800 yuan. denza z9gt is equipped with "yisanfang" technology for the first time. this technology can realize functions such as compass u-turn, high-speed tire puncture stability control, and 15-degree crab crawl. if a tire punctures at a high speed of 140 kilometers per hour, the vehicle can still maintain its body. stable and controllable, and capable of steering and braking.

byd has adapted different technologies to various high-end brands. among them, "yisanfang" is the exclusive technology of denza brand, and the "million-level luxury car" brand has exclusive "yisifang" technology. zhao changjiang, chief co-creation officer of denza motors, said that during the pre-sale period, orders for the denza z9gt exceeded 20,000 units.

ping an securities analyzed that yi sanfang has boosted the momentum, but there is still a gap with the top players, and fangbao has a long way to go. yisanfang has greatly improved denza's product strength. however, compared with its major competing products, denza is still slightly inadequate in smart driving, which is generally concerned by users with more than 300,000 yuan. at the same time, in terms of marketing, channels, etc. there is also a certain gap between the company and its competitors.

from the perspective of sales structure, previous data showed that in august, byd auto dynasty + ocean network sold 355,679 units; fangbao automobile sold 4,876 units; denza automobile sold 9,989 units; yangwang automobile sold 310 units; and overseas sales of passenger cars were 31,451 units.

in terms of overseas markets, in september, byd sold a total of 33,012 new energy passenger vehicles overseas, of which 30,512 were exported. previously, data disclosed by byd showed that as of august, byd had sold more than 263,000 vehicles in overseas markets this year, a year-on-year increase of 125%.

ping an securities believes that as the company's overseas production capacity is put into production, the risk of increasing trade barriers can be avoided. it is estimated that its overseas bicycle revenue is around 200,000 yuan, and its gross profit margin exceeds 30%. the growth in overseas sales is expected to further unleash the company's performance potential.

monthly sales of many car companies hit record highs

on october 1, many car companies disclosed their september sales, and many of them hit new highs in monthly sales.

as for traditional car companies, geely automobile sold 201,900 vehicles in september, a year-on-year increase of 21%; this year’s cumulative sales were 1.4897 million vehicles, a year-on-year increase of 32%.

in september, saic group sold more than 129,000 new energy vehicles, a year-on-year increase of about 38%; from january to september, it sold a total of 748,000 new energy vehicles, a year-on-year increase of about 15%.

hongmeng zhixing officially announced that it delivered 39,931 new cars across its entire series in september, ranking first in the high-end market in terms of average transaction price for five consecutive months. among them, a total of 35,560 new cars of the aito wenjie series models were delivered in september.

xiaomi motors delivered more than 10,000 su7 units in september, and its target production and delivery volume in october is more than 20,000 units. the delivery target of over 10,000 yuan has been achieved for four consecutive months. it is reported that xiaomi automobile factory will continue to increase production in october, with a monthly production target of 20,000 units. it is expected to complete the full-year delivery target of 100,000 units in november ahead of schedule.

the number of new cars delivered by li auto in september hit a record high in single-month delivery, with 53,709 new cars delivered in the month, a year-on-year increase of 48.9%. as of september 30, li auto has delivered a total of 341,812 vehicles in 2024, and its historical cumulative delivery volume is 975,176 vehicles.

leapmotor delivered 33,767 vehicles in september, a year-on-year increase of 113.7%, continuing to hit a new monthly delivery high; in the first three quarters, a total of 172,861 vehicles were delivered, a year-on-year increase of 94.6%.

nio announced that it delivered 21,181 vehicles in september, a year-on-year increase of 35.4%. as of september 30, the cumulative delivery volume reached 598,875 vehicles.

xpeng motors delivered a total of 21,352 new cars in september, setting a record high in single-month delivery history.