BYD Targets 60,000 New Energy Vehicle Sales For 2015

SEP 6 2015 BY MARK KANE 21

BYD Tang

BYD Tang

BYD is on the raise with over 5,000 plug-in car sales sold in the single month of July.

According to The Standard, with around 20,000 New Energy Cars sold in the first half of the year, the Chinese company now targets 60,000 in 2015.

To achieve the goal of 60,000 sales, BYD must sell some 40,000 in second half of the year, which means an unprecedented average of over 6,500 a month. Because sales aren’t flat but growing, peak months could be 7,000 or 8,000 this year.

BYD chairman and president Wang Chuanfu said:

“June and July make up the slack sales period for the auto sector. BYD will launch new SUV cars in the second half to counter a slower pace in sales growth for traditional-fuel cars.”

This new SUV is the plug-in hybrid Tang, but BYD is developing other SUVs like Song compact SUV and Yuan micro SUV too.

Separately, BYD posted a net profit of 466.7 million yuan ($73 million) for first half of the year out of nearly 31.6 billion yuan ($4.8 billion) in revenues (up 18%).

Source: The Standard

Categories: BYD, Sales

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21 Comments on "BYD Targets 60,000 New Energy Vehicle Sales For 2015"

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Robb Stark

Do we have stats on how many miles are driven on electric vs gas for PHEV BYD?

Through July BYD sold 20,507 PHEV Qin + 1,135 PHEV Tang vs 3,209 e6 EVs plus 739 Denza EVs.

Or are people buying PHEVs to get NEV license plates,which are much easier to get than ICEv license plates, then just running them full time on gasoline?

Just_Chris

This is great, the Qin, tang, song and yuan sound pretty good to me. IMO the more oil importing nations on this bandwagon the better.

I’d love to see some competitive ev’s come out of china.

Mikael

Don’t forget the E5 (little brother of the E6), Shang (PHEV MPV), T3 (BEV MPV), T5 (BEV light truck), T7 (BEV truck).

If there is a segment to electrify then BYD seems more than willing to do it and do it fast.

Mikael

And the Ming, Han and Yen… *sigh*, they will be delivering models faster than we can learn their names and specs.

Thankfully for example the Ming is scheduled in the way distant future of 2017 so it’s at least 1½ year awat…unlike most of the rest that are almost on the roads already.

I think that the BYD Qin would sell great in Europe and USA if priced right.

Pushmi-Pullyu

I think that the BYD Qin would not meet the safety standards for driving on public roads in first-world countries, including the USA, the EU, and British Commonwealth nations.

And I have serious doubts that they could legally be sold in such countries due to unlicensed use of patents, too.

Mikael

BYD has a state of the art crash and safety testing facility and have been getting top results on the C-NCAP (which is still a bit behind but not more than a few years behind the Euro NCAP).

And they have outperformed models from for example Ford and Volkswagen (not saying that those manufacturers are top at safety but most would probably consider them safe enough at least).

I highly doubt the safety will be an issue when they decide to introduce the Qin in Europe/North America.

Benz

The Denza EV looked very compelling, and would certainly sell in Europe and in the US, I guess.

przemo_li

How much kWh is that?

Mikael

10k BYD E6 * 60 kWh + 50k Qin/Tang * ~14 kWh (estimated weighted average of the 13 kWh Qin and 18 kWh Tang) = 0,6 GWh + 0,7 GWh = 1,3 GWh

Or at least somewhere close to that. =)

And the ~5000 buses * 324 kWh might add another 1,62 GWh

Almost 3 GWh.

Pushmi-Pullyu

60,000 cars; that’s about the annual worldwide sales of the Leaf. But then, I think many of those BYD cars are small, low-speed vehicles… not highway capable cars. So that’s not really comparable to Nissan’s PEV output.

Still, it’s nice to see BYD increasing its production of PEVs, and hopefully their PEV production will continue to grow.

Mikael

The Leaf will have a hard time hitting 50k this year. But it will hold on to the title just slightly ahead of the Qin, Model S and Outlander which all will do 40k+.

And none of the BYD cars are small or low speed. They are large, fast and well equipt…borderline luxurious.
So on the contrary it would not be fair to them to be compared to Leaf. 😉
If you should compare it to something then it would probably be a quicker and more hi-tech version of the Cadillac ELR.

Why don’t you do some research on them? You often seem to have good and pretty fact based (and/or good logic) comments. But not so much on the chinese EVs and especially not on BYDs EVs.

Just as a random point of reference, we have the Nissan LEAF at ~31,425 through August (- there is still a few countries left to report in for Aug)

Realistically, BYD would have to put up some really big numbers in August, September and October to pass the LEAF in 2015, as China doesn’t have the same “end of fiscal year” sales incentive + LEAF v1.5 debut.

The LEAF historically sells about 6,000 units per month in the last quarter of the year. It has been uncommonly low, down to around 3,000-4,000 lately due to lag/low inventory ahead of the model upgrade. One assumes the LEAF regain those past levels (at least) once Nissan starts delivering 2016s in ~October.

PVH

EV sales blog gives a breakdown of BYD models that are sold in China, Quin, E6, Tang & Denza. Indeed all of them are highway capable cars.

miggy

to PP, China does have highways / motorways in their country.

oh lensman

PVH

I am affraid we will soon have about 300,000 highway capable EV’s sold in China every year but we will still have to hear about the soon coming mass market EV, the gigafactory etc..that’s the way the old west goes. whatever comes from China has to be rice and noodles..

Just_Chris

Don’t be disheartened by a vocal minority, me personally, I think the progress china has made in the last 15 years has been stunning.

Heisenberght

+1

jim stack

BYD sells to fleets and their sales can jump as large fleet orders come in. They are not like LEAF sales to one by one at a time.

Their BUS sizes, shuttles and e6 Taxis market is a very big market. They don’t have much competition so I think they will make their numbers this year.

subspace

Among passenger cars, probably only the e6 and possibly the Denza are sold to fleets in relevant numbers. The Qin and Tang are, just like the Leaf, sold one by one at a time to end consumers. They are too “hip” to be used by government or corporate fleets.