Summary
[CITIC Securities: BYD’s August sales slightly exceeded expectations and it is expected to continue to hit new highs in the future]CITIC Securities Research reported that BYD’s new energy vehicle sales in August was 61,400, which was +302% year-on-year and +22% month-on-month, slightly exceeding expectations. The company’s cumulative sales of new energy vehicles from January to August was 266,500, +193% year-on-year, and the boom continued. After the flagship sedan “Han” released in May 2020 sold more than expected, sales were stable and the brand was successfully upgraded. The DM-i series released in January 2021 focuses on the “impossible triangle” of low price, low fuel consumption, and high configuration. The “Dolphin” thickened product matrix released in August 2021, followed by “Seagull”, “Sea Leopard”, “Sea Lion” and other “Marine Series” models are worth looking forward to. It is expected that the model cycle will continue to increase. In addition, the company’s neutralization strategy has been steadily advancing, and BYD Semiconductor’s listing application was accepted in July 2021. The external supply of power batteries has accelerated, and the shipment of energy storage batteries has increased, and the value of the supply chain has been highlighted.
CITIC SecuritiesResearch reportPointed out that AugustBYDThe sales volume of new energy vehicles was 61,400, +302% year-on-year and +22% month-on-month, slightly exceeding expectations.
The company’s cumulative sales of new energy vehicles from January to August was 266,500, +193% year-on-year, and the boom continued. After the flagship sedan “Han” released in May 2020 sold more than expected, sales were stable and the brand was successfully upgraded. The DM-i series released in January 2021 focuses on the “impossible triangle” of low price, low fuel consumption, and high configuration.
The “Dolphin” thickened product matrix released in August 2021, followed by “Seagull”, “Sea Leopard”, “Sea Lion” and other “Marine Series” models are worth looking forward to. It is expected that the model cycle will continue to increase. In addition, the company’s neutralization strategy is steadily advancing,BYDThe semiconductor listing application was accepted in July 2021. The external supply of power batteries has accelerated, and the shipment of energy storage batteries has increased. The value of the supply chain has been highlighted.
(Article Source: Interface News)
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