BYD Auto announced that it will stop the production of fuel vehicles. Basically, this marks the initial completion of BYD's electrification transformation. In recent years, the tide of electrification has swept the global auto industry. Traditional car companies are spending money and effort for transformation, making plans to stop selling fuel vehicles or stop developing new internal combustion engines, but BYD only turned around and waved a hand. Put your heart and soul into new energy vehicles.

The suspension of production or sales of fuel vehicles means that car companies no longer rely on the sales of fuel vehicles, and their industry chain and revenue can already be supported by pure electric and plug-in hybrid models. Vehicle manufacturing is a typical capital-intensive and technology-intensive industry. For traditional car companies, the investment in fuel vehicles over the years and the business links formed are like a tall and solid castle. It is easier said than done to renovate it. This is also why auto giants such as Volkswagen, Ford, Nissan and other auto giants mention the suspension of production and sales of fuel vehicles, which is as tragic as "a strong man breaks his wrist", giving up fuel vehicles that are still the mainstream in the market, and the pain and profit dilemma caused by electrification transformation Inevitably.

　　However, BYD has no concerns in this regard. In 2021 , BYD's fuel vehicle sales will account for less than 5% . On the evening of April 3 this year , BYD announced on the Hong Kong Stock Exchange that the company 's fuel vehicle production and sales inMarch were 0 . , while the production and sales of new energy vehicles exceeded100,000 units, a year-on-year increase of 410% , and the contribution of fuel vehicles is almost negligible.

Therefore, BYD can bid farewell to the fuel vehicle market in a smart way, and even this is more like unloading a burden. With the current technology, even improving the thermal efficiency of the internal combustion engine by 1% will require huge human and material costs, and the resulting benefits have many uncertain risks. Compared with other traditional auto giants, BYD's fuel vehicles are inherently more expensive. There is nothing good to say. In recent years, sales have been flat and lack of market competitiveness. Traditional fuel vehicles are boring for BYD.

Before BYD, Toyota, Honda, Nissan, Mercedes-Benz, BMW, Audi, Volvo, GM, and Ford all clearly announced the deadline for full electrification transformation . year.

　　BYD can become the first traditional auto company in the world to give up the pure fuel vehicle business, thanks to its deep cultivation and achievements in new energy power technology and battery technology over the years, it has the courage to cut off the retreat, and the booming Chinese market, It also provides BYD with an opportunity to fully embrace new energy vehicles.

There are comments on the Internet that BYD is lucky. As a traditional car company, it does not do much in the era of high-gloss fuel vehicles, but it encounters the tide of automobile electrification, and it is the right treasure. But don't forget that luck is also a part of strength, and BYD has long regarded new energy vehicles as its main product, which accounts for nearly a quarter of the global new energy market. It is the result of years of hard work. more important.