Favorable policies for new energy vehicles BYD To increase the annual income of 50%
March 30, 2014 BYD Group has published an annual report, although sales of traditional fuel cars fell 21.33%, but the total income of its new energy automotive business reached 7.328 billion yuan, an increase of about six times, accounting for 27.05% of revenues in the automotive business segment and is understood to be the goal this year is to grow 50 percent to 15 billion yuan.
According to data from the Automobile Association released last year, total sales of new energy vehicles in China 74,800, an increase of 323.8%, sales of plug-in vehicles 29,700, an increase of 878.1 %, which BYD new energy vehicles in the market share of the company amounted to 27.9%, the plug-in hybrid market share of 49.60%.
Last week, BYD Chairman Wang Group conference on annual results press, said the positive benefit of the new energy policy, the next three years, the market for electric vehicles in China will grow significantly, according with BYD new energy into the performance of the first quarter this year Cost optimization and production capacity, sales of new energy vehicles BYD last year by 7.251 billion yuan and 150 billion yuan, an increase of 50%.
Reporters learned from BYD, today the company squeeze a lot of back orders for new energy vehicles, but planning battery capacity has become a major obstacle to business development. It is reported that in the last year to begin construction of iron battery BYD Battery iron Kengzi basis of annual production scale 8GWh will be built in to provide about 250 million batteries for over 600,000 buses or cars hybrids. In addition, the capacity of the existing battery, iron BYD total production capacity will reach 10GWh.
