On April 27, BYD released its performance report for the first quarter of 2022: the company's current operating income was 66.825 billion yuan, a year-on-year increase of 63.02%; the net profit attributable to shareholders of the listed company was 808 million yuan, a year-on-year increase of 240.59%, maintaining a relatively fast pace. growth momentum.
In the first quarter of 2022, despite the adverse effects of the macroeconomic downturn and the spread of the epidemic, the new energy vehicle industry generally continued the momentum of rapid growth, and the pace of industry changes continued to accelerate. According to data from the Passenger Federation, the sales of new energy vehicles in the first quarter reached 1.257 million units, a year-on-year increase of 138.6%.
With the continuous improvement of the industry, BYD's new energy vehicle business has followed the trend. In March, the sales of new energy vehicles reached 105,000 units, a year-on-year increase of 333.1%; the cumulative sales in the first quarter exceeded 286,000 units, a year-on-year increase of 423.0%. %.
BYD's outstanding performance in the new energy vehicle market has led to the improvement of the company's profitability, and to a certain extent has hedged the pressure caused by rising upstream raw material prices.
BYD adheres to the strategy of DM plug-in hybrid and EV pure electric "two legs, walking at the same pace", and continues to make efforts in the new energy market.
In February this year, BYD Yuan PLUS was officially launched. This model is equipped with e-platform 3.0, ultra-safe blade battery, DiLink4.0 intelligent network connection system, and adopts Dragon Face 3.0 family design language. , the pre-sale order exceeded 20,000 units. It is worth mentioning that Yuan PLUS, as the first global model in BYD's overseas strategy, was launched in overseas markets simultaneously. It entered overseas markets with its core technological advantages and opened up a new pattern of China's new energy vehicles going overseas.
In the hybrid market, BYD DM-i focuses on "electricity-based", taking into account both battery life and power, and adapting to a variety of vehicle usage scenarios. In March, BYD launched a new car, the Song MAX DM-i, which filled a large gap in the current domestic MPV model in the new energy vehicle market.
In April, the all-new Han EV Creation Edition, Han Qianshan Cui Limited Edition, Han DM-i and Han DM-p were officially launched, with nearly 50,000 orders as of April 10. With the introduction of the DM-i hybrid model, the competitiveness of BYD Han's products has been further enhanced.
With the launch of new models, BYD's product matrix will become more complete.
