BYD hits record high: sales exceed 240,000 vehicles in May

According to news on June 8, BYD held its 2022 Annual General Meeting of Shareholders today. Wang Chuanfu, Chairman of BYD, delivered a speech at the meeting, pointing out that the automobile industry has entered the knockout stage, and the survival chance of simple assembly is very small.

According to the editor’s understanding, Wang Chuanfu said that competition in today’s automobile industry is becoming increasingly fierce. Without competition, prosperity cannot be achieved. Only through competition can the survival of the fittest be distinguished. To succeed, companies first need to possess core technology, and the new energy vehicle revolution is a technological revolution. Only companies that master core technology can survive in the fierce competition. If it only stays at the simple assembly level, the chance of survival of the company will be very slim.

At the same time, Wang Chuanfu emphasized the importance of formulating a good strategic direction. He emphasized that it is crucial to choose the appropriate model and technology route, because the opportunity time for the industry is usually only 3 to 5 years. In addition, rapid decision-making mechanisms are also essential. Due to the large scale of automobile companies, the decision-making process is often lengthy. Even though the revolution is in its advanced stages, the new energy vehicle market still looks like a battleground, and some automakers could be doomed in this area. At this time, making decisions quickly becomes critical.

According to the editor’s understanding, BYD announced its latest sales data on June 1. According to data, BYD's car sales reached 240,220 units in May, an increase of 109.4% compared with the same period last year. This month’s sales not only exceeded the record of 235,200 units sold in December last year, but also set a record high in history. BYD's Dynasty and Ocean series sold a total of 228,087 units in May, while Denza Motors sold 11,005 units. Overall, BYD's cumulative sales from January to May this year have exceeded one million vehicles, reaching 1,002,591 vehicles, a year-on-year increase of 97.63%.

In addition, BYD achieved operating income of 120.173 billion yuan in the first quarter of this year, a year-on-year increase of 79.83%; net profit reached 4.13 billion yuan, a year-on-year increase of 410.89%; basic earnings per share was 1.42 yuan, a year-on-year increase An increase of 407.14%.

The above is the detailed content of BYD hits record high: sales exceed 240,000 vehicles in May. For more information, please follow other related articles on the PHP Chinese website!