AutoBeta(AutoBeta.net)12/28 Report--

According to the national enterprise credit information publicity system, on December 26, industrial and commercial changes took place in Shenzhen BYD Electric vehicle Investment Co., Ltd. Li Qian stepped down as legal representative and chairman, and Zhang Hong took over. The former shareholder Ningbo Meishan Free Trade Port Rongming Investment Management Partnership (Limited Partnership) and Shenzhen Shendian Energy Sale Co., Ltd. withdrew, having previously held 35% and 5% respectively. After the change, Shell (China) Co., Ltd. was added as a shareholder, with a shareholding of 80%, while BYD Automotive Industry Co., Ltd. reduced its shareholding from 60% to 20%.

Shenzhen BYD Electric vehicle Investment Co., Ltd. was established in June 2014 with a registered capital of 300 million yuan. Its business scope includes investment in new energy electric vehicle industry, investment in charging piles and charging stations, development of urban construction technology, operation and maintenance of electric vehicle charging facilities, etc. The equity penetration chart shows that BYD's shareholding has changed from 60% to 20%. At present, Shenzhen BYD Electric vehicle Investment Co., Ltd. is jointly owned by Shell (China) Co., Ltd. and BYD Automotive Industry Co., Ltd. the shareholdings are 80% and 20% respectively.

As for Shell (China) Co., Ltd., Shell is one of the international energy companies that supply the largest amount of liquefied natural gas to China. Shell (China) Co., Ltd. was established in October 1996 with a registered capital of US $222 million and is controlled by SHELL CHINA HOLDINGS B.V. 100% of Shell China holding Private Co., Ltd. Shell acquired British Gas Group in 2016, a move that gives it a leading position in the field of LNG supply in China, and Shell's goal is to become a leading international energy company in the Chinese market.

Shell began to study charging piles as early as 2017, and in March this year, BYD signed a global strategic cooperation agreement with Shell to jointly carry out cooperation in the field of electric vehicle charging, announcing the opening of about 300000 Shell charging piles to car owners in Europe, and signed an agreement with Sixt, a German car rental company, to launch at least 100000 BYD electric vehicles in the next six years.

Since BYD announced the suspension of fuel car production in April this year, its sales have been climbing, gradually becoming China's new energy leader. According to the latest data from the Federation of passengers, the retail sales of narrow passenger cars in China in November 2022 were 1.649 million, down 9.2% from the same period last year and 10.5% from the previous year, although BYD still achieved year-on-year growth. BYD's retail sales increased by 125.1% to 217600 vehicles in November compared with the same period last year, surpassing FAW-Volkswagen and SAIC-Volkswagen combined, and once again became the top passenger car sales in China. Market share is as high as 13.2%. BYD's cumulative sales rose 220.9% year-on-year to 1.5763 million vehicles in the first 11 months to the end of November, reaching its conservative annual sales target of 1.5 million vehicles ahead of schedule.

While sales in the Chinese market continue to rise, BYD has also accelerated the layout of passenger cars to go to sea, especially in the second half of the year, BYD's layout of the global new energy car market has significantly accelerated. At present, BYD has launched ATTO3 (BYD Yuan plus) in Singapore; three new energy vehicles, namely, PLUS, Dolphin and Seal, have been launched in Japan and will be sold in January 2023; on November 22, BYD launched Song PLUS DM-i and Yuan PLUS in Sao Paulo, Brazil, and will start local production in the country. On November 29, BYD signed up eight dealers in Mexico and unveiled two Hantang new energy models for the first time in Mexico, which is expected to launch in 2023; after that, BYD will focus on Israel, Thailand, India, Malaysia, Colombia, Laos, Cambodia and other markets.

For BYD, in addition to ensuring steady growth in the Chinese market, this year is also a top priority for BYD to accelerate the layout of the global new energy car market. According to BYD's November 2022 production and sales data, BYD sold 12318 overseas new energy passenger vehicles in November 2022, with a cumulative sales volume of 44596 in the first 11 months. BYD's export sales may reach 300000 to 500000 by 2023.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat