AutoBeta(AutoBeta.net)07/16 Report--

On July 14, BYD announced that in order to focus more on the research and development of the company's new energy vehicle technology and focus on the continuous iteration and innovation of the new energy vehicle core technology and products, Mr. Lian Yubo will serve as the company's chief scientist and resign as vice president to continue to serve as the company's chief automotive engineer and president of the Automotive Engineering Research Institute.

According to the data, Lian Yubo was born in 1964 and graduated from Nanjing University of Aeronautics and Astronautics in July 1986 with a bachelor's degree majoring in materials science and engineering and an advanced master's degree in business administration from Nanjing University in September 2000. Since then, he has worked in the China Automotive Research Center and has served as the chief engineer of SAIC Yizheng Automobile Co., Ltd., and the executive deputy general manager of Shanghai Tongji Tongjie Automobile Design Co., Ltd.

Lian Yubo joined BYD in February 2004 and has since served as Senior Vice President of BYD Automobile sales Company; Vice President of BYD Co., Ltd., Chief engineer of Automotive Industry Group, General Manager of Division 13 and General Manager of Division 12; Director of Shenzhen BYD Daimler New Technology Co., Ltd.; Chief Executive Officer and Director of BYD Charitable Foundation Executive Vice President of BYD Group and legal representative of Nanning BYD New Energy vehicle Integrated Test Field Co., Ltd.

The latest announcement shows that in accordance with the relevant provisions of laws, regulations, other normative documents and the company's articles of association, the written report submitted by Lian Yubo on his resignation as a senior manager will take effect from the time it is delivered to the company's board of directors.

On the same day, BYD also released a half-year performance forecast for 2023. According to the financial report, BYD expects the net profit attributed to shareholders of listed companies in the first half of the year to be 10.5 billion to 11.7 billion yuan, up 192.05% to 225.43% over the same period last year, and non-net profit to 9.3 billion to 10.3 billion yuan, an increase of 206.99% to 240% over the same period last year. In other words, BYD's net profit and deducted non-net profit are expected to grow positively in the first half of 2023.

It should be noted that BYD's profit comes not only from the car business, but also from the mobile phone parts and assembly business, rechargeable batteries and photovoltaic, but the car business is the source of BYD's profit growth.

With regard to the changes in performance, BYD said in an announcement that in the first half of 2023, the new energy vehicle industry maintained rapid growth, the company's new energy vehicle sales grew strongly on a high base in the same period last year, and its market share continued to rise. continue to strengthen its leading position in the new energy vehicle industry. BYD pointed out that despite increased competition in the automotive industry in the first half of the year, the company continued to maintain a good level of profitability with its rising brand strength, expanding scale advantage and strong cost control ability of the industrial chain, as well as falling prices of upstream raw materials.

From January to June 2023, BYD remained firmly at the top of the list of automakers in the first half of the year with sales of 1.1546 million vehicles, making it the top seller of passenger cars in China, according to the latest retail data of the Federation of passengers. At the same time, BYD is the only car company on the list with sales of more than 1 million vehicles, with a market share of 12.1%.

According to BYD Chairman Wang Chuanfu's previous forecast, BYD's sales target for this year will start at 3 million vehicles and strive to double to 3.6 million vehicles. According to official data released by BYD, the cumulative sales of BYD cars (including passenger / commercial vehicles) in the first half of the year were 1.2556 million, an increase of 94.25% over the same period last year. Calculated according to the 3 million sales target, it means that BYD has achieved 41.85% of its annual sales target in the first half of this year. According to BYD's current development trend, it will not be very difficult to achieve the 3 million-year sales target this year.

Up to now, BYD has a total layout of dynasty net, ocean net, momentum, look up and equation leopard brand, in which equation leopard positioning is between momentum and look up, focusing on multiple categories and uniqueness. July 14, equation Leopard officially launched the brand LOGO, the first product "Leopard 5" is a standard Mercedes-Benz G-class hardline SUV, is expected to be officially released this year, the price is expected to be between 40 and 600000 yuan.

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