Recently, Chinese domestic carmaker BYD has announced that its net profits in 2015 jumped 552.63% to totally 2.829 billion rmb. It¡¯s observed that alternative energy vehicles are the main driver for BYD¡¯s hugely increased profits. Now the alternative energy vehicles account HALF of this carmaker¡¯s profits while the percentage of that in 2014 is still 27.05%.
In 2015, the sales of BYD¡¯s alternative energy vehicles have totaled 69,222 units, including 61,722 passenger vehicles, mostly plug-in hybrids including Qin and Tang. Meantime, besides a very limited number of models including F3 and S7, the sales of BYD¡¯s conventional fuel vehicles plumped. Wang Liusheng, an industrial expert, said BYD¡¯s plumping sales of conventional fuel vehicles is no surprise at all, ¡°BYD won¡¯t ramp up its investment in conventional vehicles from now on, but to put focus on alternative energy vehicles. The company will focus on the development of plug-in hybrid passenger vehicles recently.¡±
It¡¯s observed that among BYD¡¯s total sales of alternative energy vehicles, 81% of them are plug-in hybrid passenger vehicles.
In 2016, BYD plans to introduce 10 alternative energy models and double its sales. Wang believed, ¡°the profits of alternative energy vehicles in BYD will totally exceed that of conventional fuel vehicles with sales revenue around 50 billion to 55 billion rmb.¡±
