BYD: new energy vehicles accounted for 34.84 percent of revenue.

When it comes to half year performance, Wang Chuanfu said: "in the first half of the automobile industry under the background of growth is slowing sharply, BYD several new models won market responses, and accumulated a large number of orders in hand. New energy vehicle sales rose 121% about 75800 vehicles, and continued to maintain the global sales champion status. In addition, BYD successfully received smartphone leading brands of high-end flagship model orders. Metal parts and glass casing business income continues to grow."

Automotive business in a new round of growth cycle of new energy automotive profitability will be significantly increased

BYD results show that its car business sales revenue rose 24.93% to 28.026 billion yuan in the first half of the year. Among them, the new energy automobile revenue of 18.173 billion yuan, accounting for BYD's total revenue, 34.84% continue to become an important source of revenue and profit to BYD.

According to figures released by the China association of automobile manufacturers, BYD had a 18.3% market share in the field of new energy vehicles, in the field of new energy passenger car market share of 20.3%.

According to BYD, since this year, BYD's new generation of tang, yuan EV360 models get enthusiastic feedback, the demand of the market. A new generation of tang listed first month sales amounted to 7000, the cumulative orders over 20000 units. DM, Song Qin DM two models do domestic sales crown plug-in hybrid car market, the runner-up.

On the other hand, in Beijing, Shenzhen, Guangzhou, Hangzhou and other major new energy automobile market, July 1 - this year, BYD's market share is over 30%, industry leading position.

BYD, according to the second half of the year there will be many dynasty blockbuster series are listed, including the new generation of song version (fuel oil, mixed and pure electric version), qin Pro version (fuel oil, mixed and pure electric edition), a new generation of tang (pure electric version), etc. These models are made "DragonFace" family design language, and carrying snatched DiLink intelligence system, or will drive BYD auto sales soared.

In new energy field of commercial vehicles, BYD said, "get more than Shantou, Wuhan, Guangzhou and other cities, big orders (June and July this year, BYD in Guangzhou twice won the bid for a total of 4473 vehicles, pure electric passenger car for $5.52 billion order), and explore new markets such as male Ann district. Overseas markets, BYD received from Spain, South Korea, India, Chile, Norway and other bulk orders from all over the world. At the same time, under the "7 + 4" strategy layout, BYD in the field of the truck were achieving Shenzhen 500 all-electric NiTou car order and Brazil order for 200 electric truck, and actively develop logistics, sanitation, ports, airports, and other fields of the market."

"With many blockbuster models listed, BYD auto business will usher in a new round of growth cycle", Wang said: "the development of new energy automotive industry more than expected, development space is very broad, BYD new energy automotive business is expected to continue to maintain the momentum of rapid growth, in the rapid growth of the new model driven to achieve sales and brand influence of continued ascension. At the same time, expect the second half of BYD new energy vehicles profitability will be significantly increased. In the field of fuel cars, BYD will continue through continuously improve products, improve fuel car market share of the business, in effective control of cost at the same time, fast growth, promote the business."

Electronic business continued healthy development, will usher in the glass business revenue growth significantly

In the first half of this year, BYD cellphone parts and assembly business income of about 19.976 billion yuan, rose about 11.21%.

BYD, said as the metal parts in mobile intelligent terminal market penetration continues to rise, BYD has the advantages of the technology, quality and experience, continue to received many world famous smartphone leading brands of high-end flagship model order, realize the sustainable development of metal parts business.

Glass business become BYD electronic plate is another big attraction, BYD, points out that "actively grasp the housing demand rise of glass industry development opportunities, increasing research and development capacity and expand the glass cabinet, has won a number of leading global smartphone manufacturers flagship model glass casing order, promoting cell phone parts business achieve fast growth."

Looking forward to the future, BYD said, "will further actively expand glass casing production capacity and improve product yield, attract more customer orders. As the capacity gradually release order and gradually fall to the ground, in the second half of the glass business is expected to achieve significant revenue growth. Auto intelligent systems, Internet of things, robot, artificial intelligence and new intelligent products such as business, will be the BYD electronic business important areas to the production of long-term sustainable growth."

The battery "open" for real progress, huge space for development

Announced the opening to the outside world for the first time since 2017Power battery supply, the industry from both at home and abroad from BYD automobile enterprise supply batteries.

This year on July 5, BYD with Changan strategic cooperation agreement signed in Shenzhen, set up power battery joint venture, production capacity of 10 GWH.

The cooperation with Changan, the first step towards BYD power battery supply. Mr. Wang says: "the strategic cooperation is the important progress of BYD open supply and marketing system, the power battery business and even the group's long-term development has important strategic significance." At the same time, BYD is expected in the future will also speed up the pace of opening, the introduction of more domestic and foreign makers, including power battery sales, set up a joint venture company, the introduction of a range of strategic investment, strategic moves, speed up power battery business development, consolidate the industry leading position.

Bloomberg new energy finance (BNEF) predicts that the future of the world's new energy car battery demand will be strong, to 2030, will exceed 1500 GWH.

In the face of their own and the outside world, the strong demand for power battery, BYD is rapidly increasing power battery capacity. In addition to the joint venture was established with Changan, in June 2018, BYD announced 24 GWH power battery factory production capacity, officially offline in Qinghai. In addition, according to public information, BYD and Chongqing Bishan area cooperation agreement was signed in August 2018, investment, planning to build production capacity, 20 GWH power battery project.

According to plans announced BYD, its 2020 power battery capacity can reach 60 GWH.

Rail transit business is BYD's another watch. According to BYD disclosures, released in October 2016 rail "cloud", has won domestic and foreign cities. In May this year, BYD has announced the winning Brazil el Salvador rail transit project, the amount of $689 million. With relevant national policies, the future, both at home and abroad rail transit projects in succession fall to the ground, is expected to further open the space for BYD development.

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