AutoBeta(AutoBeta.net)02/27 Report--

BYD announced results KuaiBao: the company's total operating revenue in 2018 was 130.06 billion, up 22.79% from the same period last year; the net profit attributed to the company's shareholders was 2.79 billion, down 31.37% from the same period last year.

According to the report, sales of new energy vehicles are growing rapidly, but the fuel vehicle industry is declining. Orders and profits are affected by weak demand in the industry and increased competition in the market for mobile phone components and assembly business. In addition, the expansion of photovoltaic business losses and rising financing costs also affect its overall profits to a certain extent.

In terms of sales, BYD sold a total of 520000 vehicles in 2018, up 25% from the same period last year, of which 248000 new energy vehicles were sold, up 118% from the same period last year, while fuel vehicles sold 273000 vehicles for the whole year, a far cry from the expected 400000. In 2019, the number of BYD terminals delivered in January was close to 60, 000, an increase of 77% over the same period last year. Among them, the sales of new energy vehicles have exceeded that of fuel vehicles, with sales reaching 32000, an increase of 342%.

BYD aims to sell 650000 vehicles in 2019, of which 300000 are new energy vehicles. A number of new cars are expected to be launched this year, including Tang EV 600s, Song MAX DM, F0 electric version (E1) and other new energy models.

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