2023 is undoubtedly a milestone year for China, which marks the beginning of a new era - the full rise of new energy vehicles, and the independent brands represented by BYD have achieved unprecedented breakthroughs by virtue of technological innovation and market strategy two-wheel drive, successfully subverting the global automotive industry map.
After 70 years of trials and hardships, China's own brands finally broke the shackles of history, defeated international giants, and won the crown in domestic market share for the first time, ending the 39-year dominance of foreign and joint venture brands. According to authoritative data disclosed by the China Automobile Dealers Association (hereinafter referred to as the China Automobile Dealers Association), China's total automobile sales in 2023 will hit a new record, breaking through the 30 million mark, of which the market share of independent brands is as high as 52%, and on average, one out of every two new cars sold is made in China, which is undoubtedly a grand reward for the national automobile industry.
In the field of passenger cars, BYD's performance is particularly eye-catching, writing a magnificent page with its innovative technology and market leadership. BYD not only topped the list in the narrow passenger car retail market, with annual sales far ahead of the former king FAW-Volkswagen by nearly 1 million, but also staged a textbook counterattack in the new energy vehicle market.
Relying on a series of industry-leading scientific and technological achievements such as self-developed blade batteries, super hybrid DM-i systems, Yunyuan driving assistance systems and Yi Sifang four-wheel drive technology, BYD has not only taken the lead in the Chinese market, won the crown of the sales champion of Chinese car companies and Chinese brands, but also ranked first in the global new energy vehicle sales ranking, with a total sales of more than 3 million new energy vehicles throughout the year, showing an unrivaled leading style.
In the BYD Dream Day event,BYDIntelligentBright Sword, released the Xuanji architecture and the Xuanji AI model, becoming the world's first intelligent architecture to realize the integration of intelligent electronics. This move marks that new energy vehicles are accelerating into a new era of intelligent technology. Chairman Wang Chuanfu once pointed out: "The first half of new energy vehicles is electrification, and the second half is intelligence. "In 2023, BYD's bold attack at the intelligent level is like adding salary to the oil pot, promoting its technological innovation in autonomous driving, intelligent networking, etc., and has achieved remarkable results, laying a solid foundation for further progress in 2024.
Looking at the international market, 2023 will also become a key year for Chinese car companies to set sail. BYD actively responded to the trend of globalization and exported more than 240,000 new energy vehicles throughout the year, with a year-on-year growth rate of an astonishing 334%, winning wide recognition and support from overseas head dealers, and has established production bases in Hungary and other places to further expand its global territory. At the same time, other independent brands such as Chery are also actively deploying overseas to build a global industrial chain.
To sum up, 2023 ChinaIndependent brands dominate the listBYD's intelligent attack indicates a broader development prospect in the future. Not only that, China also surpassed Japan in this year to become the world's largest exporter of automobiles, fully demonstrating China's determination and strength to transform from a manufacturing country to an intelligent manufacturing power. It can be said that on the new track of new energy vehicles, China's independent brands have shown an obvious trend of "corner overtaking", and are competing for the commanding heights of the global automobile industry with unprecedented confidence and strength.