Domestic car brands, after years of hard work and struggle, have bucked the trend, with domestic car sales rivaling those of joint venture brands. In overseas markets, domestic car brands have also made historic achievements, with statistics from the General Administration of Customs of China showing that from January to August 2022, domestic car exports reached 1,191,000 units, with exports exceeding those of Germany, a major car manufacturing country.
Domestic cars in manufacturing, technology and other aspects, the past is not as good as foreign car brands, domestic cars after years of efforts, from scratch, from there to strong, and now every aspect of domestic cars and foreign cars gap is getting smaller and smaller, and even some car building technology has been alongside or beyond foreign cars.
For example, BYD Auto has a number of self-developed technologies, including CTB technology, iTAC technology, e platform 3.0, blade battery, DM ii generation dual-mode technology, carbon ceramic brake disc, super hybrid technology, etc.
In the past two years, BYD's domestic sales have been climbing, and it is also more popular in overseas markets. In September 2022, BYD's new energy passenger car exports exceeded 50% YoY growth rate, becoming one of the main domestic car export brands, and in September-October, it signed cooperation agreements with multi-national enterprises to share BYD's development achievements with them, mutual assistance and mutual benefit, and promote the development of new energy vehicles together, care for the environment, protect the earth, reduce exhaust emissions, and cool the earth together.
In overseas markets, BYD Auto's user base is not only individual users, but also car rental companies and cab operators, such as Sixt in Germany (100,000 BYD electric cars), VEMO in Mexico (1,000 BYD D1 cabs), ORIX in India (100 BYD new energy models), LOCA in Laos (100 BYD net cars), ComfortDelGro in Singapore (100 BYD e6 cabs), etc.
The selling price of BYD cars overseas, not lower than the domestic, September 28, 2022, held a BYD new energy vehicle online launch in Europe, to the European market launched three models, Yuan PLUS German pre-sale price is 38,000 euros, Han and Tang German pre-sale price is 72,000 euros.
BYD cars are sold at higher prices overseas than at home, but they are more popular. In addition to the advanced technologies, the safety aspects also reassure overseas users, for example, the 2022 European Union New Car Safety Assessment Association (Euro NCAP) safety test results are out, BYD ATTO 3 (domestic name Yuan PLUS) obtained a five-star safety rating after various harsh tests.
BYD car sales are high and profits are not low. On October 19, 2022, BYD Company Limited announced the first three quarters of 2022 performance forecast, net profit attributable to shareholders of listed companies is expected to be 9.1 billion - 9.5 billion, an increase of 272.48% - 288.85% year-on-year.
To sum up: whether it is a domestic car brand or an overseas car brand, the general direction of development is the same, all want to do a good job and make a big, for consumers to build a satisfactory model. If, like BYD, many car companies can have a pattern, the development speed will be faster, the car-making technology and development concept shared together, and common love for the earth.
