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SAIC Volkswagen, which has been in the top two of China's automobile sales for a long time, has been overtaken by BYD. The new energy automobile companies led by BYD are promoting the drastic changes in the pattern of the automobile industry.

According to the latest production and sales figures released by BYD on March 3, BYD sold 91078 vehicles (including passenger / commercial vehicles) in February 2022, up 335.2% from a year earlier and down 4.6% from a month earlier. Of these, there were only 2795 fuel vehicles, down 73.6 per cent from the same period last year, up 24.0 per cent from the previous year, while sales of new energy passenger vehicles were 87473, up 764.1 per cent from the same period last year, down 5.9 per cent from the previous month, accounting for 96 per cent of total new car sales.

Affected by the Spring Festival holiday, sales of new energy car companies declined month-on-month in February. Take Xinqiang brand as an example, the delivery volume of Xiaopeng car was 6225, up 180.0% from the same period last year, down 51.5% from the previous month; ideal car delivery reached 8414 in February, up 265.8% from the same period last year, down 45.8% from the previous month; and the delivery volume of Lulai in February was 6131, up 9.9% from the same period last year and down 57.4% from the previous month. In addition, Nashi delivered 7117 cars, an increase of 255.5% over the same period last year and a decline of 35.4% from the previous month. 3435 zero-running cars were delivered, up 447.0% from the same period last year and down 57.5% from the previous month.

From the comparison of the above data, it is not difficult to see that both BYD and New Power car companies soared in February compared with the same period last year, with Xiaopeng Motor and Zero cars halving from the previous month. As for the year-on-year, is it meaningful or not? Of course, because the Spring Festival in 2021 is also in February, the month-on-month decline has no reference value, because there are only two festivals in January, New Year's Day and New Year's Eve, and there are 31 natural days, so the month-on-month decline is also natural.

Of course, it should be noted that the data released by BYD belong to wholesale data, which is different from the delivery volume announced by New Power car companies, but in view of the fact that the current BYD terminal market is in short supply, in fact, there is not a big gap between wholesale sales and terminal sales. Compared with the data, BYD's performance is significantly better than the new power brand, new energy vehicle sales increased by 764.1% year-on-year, down 5.9%, while the new power brand delivery volume basically doubled, but the month-on-month decline reached double digits. In this regard, the automotive industry is concerned that, compared with the new power brand, BYD's advantages in addition to the number of products, more important is its advantages in the supply chain, three-electricity system, power battery. The layout of chips and other layout ensures the security of its supply chain, while the month-on-month decline in sales of new power brands has something to do with chip shortages and factory reconstruction, among which the shortage of spare parts is the most serious.

Judging from BYD's production and sales data, the basic monthly production is as much as it sells. According to the data, BYD produced 91406 vehicles and sold 91078 in February, including 88326 new energy passenger vehicles and 87473 new energy passenger vehicles. It is not difficult to see from the data that BYD's production and sales are basically the same, and there will be no shortage of production and sales, while BYD is still in short supply. In recent months, BYD's production and sales have basically remained at the level of 90,000 vehicles. Even in February, which is only 28 days and the Spring Festival holiday, it remains at 90,000 vehicles, which shows that BYD is not short of orders. From the car quality network and other complaint platforms, we have learned that, for example, dolphin, Qin PLUS DM-i, Song PLUS DM-i and other models have owners' complaints about "not bringing up the car." all these can see from the side that BYD is in short supply.

SAIC Volkswagen, which has long been in the top two in China's car sales, has been overtaken by BYD for the first time due to the soaring sales of BYD's new energy vehicles. According to production and marketing KuaiBao released by SAIC, SAIC-Volkswagen sold 90604 vehicles in February 2022, up 79.4% from the same period last year and down 30.6% from the previous month. Although SAIC-Volkswagen also achieved year-on-year growth, it is still difficult to resist being overtaken by BYD in the context of the outbreak of BYD new energy vehicles.

Maybe it doesn't mean that BYD outsold SAIC-Volkswagen. SAIC-Volkswagen will still sell more than BYD in the coming months. However, the auto industry is concerned that SAIC-Volkswagen and BYD represent two major camps in the auto industry. the former represents traditional car leaders, which account for more than 90% of SAIC-Volkswagen's total sales, and its new energy vehicles mainly come from Volkswagen oil to electricity and ID. At present, limited sales of family products are still difficult to push SAIC-Volkswagen to abandon traditional oil vehicles, that is, SAIC-Volkswagen sales growth mainly depends on fuel vehicles. The latter regards itself as the leader of new energy vehicles. At present, new energy passenger vehicles account for more than 95% of BYD's total sales. Although BYD will not abandon fuel vehicles completely in the short term, it will not develop new fuel models either. The proportion of sales of fuel vehicles will only get lower and lower until it is fully electrified.

So what is the significance of BYD overtaking SAIC Volkswagen? At this stage, it is unlikely that new energy vehicles will completely subvert traditional fuel vehicles, but new energy vehicles are growing at an alarming rate. SAIC-Volkswagen has been overtaken by BYD to a certain extent. The revolution of new energy vehicles is promoting drastic changes in the automotive industry, which is difficult to achieve in the short term, but the long-term goal remains unchanged. Why is it an upheaval in the automobile industry? Because the surge in sales of new energy vehicles affects not only traditional automakers, but also corresponding parts suppliers, when the automobile industry is transformed, companies that layout smart driving, intelligent cockpit, lidar and other racing tracks will have more chances to survive.

Due to the explosive growth of the new energy market, the rapid rise of Tesla, BYD, NIO, Xiaopeng, ideal and other companies has also put great pressure on traditional car companies. In order to keep up with the pace of the market, including Mercedes-Benz, BMW, Volkswagen, Toyota, Hyundai, Kia, Volvo, Jaguar and so on have announced a large investment in the layout of electrification. Take SAIC-Volkswagen as an example, it launched a number of new pure electric vehicles such as the ID.6X/ID.4X/ID.3 in a few months last year, but it is still difficult to support the development of electrification at present, and it still needs to pay more efforts and energy in the future.

Xiao Yaqing, minister of industry and information technology, said in an interview at the Great Hall of the people on March 5 that sales of new energy vehicles in China were very good in the first two months of this year, both of which had more than doubled. The expected target is expected to be achieved this year, which may well exceed the expected target.

Wang Chuanfu, chairman of BYD, has said that the electric car products provided by Chinese car companies have surpassed the traditional fuel vehicles in terms of performance and cost. He predicts that sales of new energy vehicles in the Chinese market are expected to exceed 3.3 million in 2022, and the penetration rate of new energy vehicles in China will exceed 35 per cent by the end of 2022.

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