Fast Technology reported on February 18 that at today's high-quality development conference in Guangdong Province, Wang Chuanfu, chairman and president of BYD, said that the development of new energy vehicles will be further accelerated this year, and the monthly penetration rate is expected to exceed 50% this year.
Wang Chuanfu believes that the current transformation of the automobile industry has entered the deep water area, and the development of new energy vehicles will only run faster and faster, and there are three major development opportunities for the new energy vehicle industry
The first is the further deepening of vehicle electrification, starting from 2020, the penetration rate of new energy vehicles in China has continued to double, reaching 35% last year, exceeding 40% in a single month at the end of the year, and is expected to exceed 50% in a single month this year.
The second is that China's electric vehicle brands continue to increase their domestic market share, forming a high recognition and brand advantage in the field of new energy vehicles, which will reshape the market pattern of luxury cars.
At present, the penetration rate of new energy vehicles in the high-end market is still low, but with the promotion of many high-end models such as Yangwang U8, the sales and proportion of high-end new energy vehicles are expected to continue to increase in 2024.
Last year, China's auto exports surpassed Japan to become the world's first, and many Chinese brands hit new highs in overseas sales, and BYD's export sales increased by 334%.