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According to data released by the China Association of Automobile Manufacturers, BYD's market share in the new energy vehicle business in 2014 reached 27.
9%, and the plug-in hybrid market share reached 49.
60%.
Wang Chuanfu, chairman and president of BYD, said that his company has a backlog of orders for new energy vehicles that have not yet been delivered, and will expand battery production capacity
within the year.
For the whole of last year, BYD's sales of conventional fuel vehicles fell by 21.
33% year-on-year to about 373,000 units
.
Wang Chuanfu said that this is affected by factors such as changes in energy-saving vehicle subsidy policies, purchase restrictions and market competition
.
In addition to traditional cars, solar energy is also dragging down BYD's overall performance
.
In the case of both traditional cars and solar energy, new energy vehicles have become a major engine
for BYD's development.
In 2014, BYD's new energy vehicle revenue was 7.
251 billion yuan, a year-on-year increase of six times, accounting for 27.
6%
of the company's automobile business revenue.
Wang Chuanfu said that new energy vehicles will continue to double in 2015, at least to 15 billion
.
In 2015, BYD's focus was on promoting plug-in hybrid vehicles, pure electric buses and taxis
.
Wang Chuanfu said that BYD sold more than 2,000 electric buses in 2014, and this market still has huge room
for growth.
BYD will also continue to promote new high-end SUVs and sedans equipped with intelligent platforms, hoping to boost the shrinking revenue
of traditional vehicles through new energy vehicles.
According to data released by the China Association of Automobile Manufacturers, BYD's market share in the new energy vehicle business in 2014 reached 27.
9%, and the plug-in hybrid market share reached 49.
60%.
Wang Chuanfu, chairman and president of BYD, said that his company has a backlog of orders for new energy vehicles that have not yet been delivered, and will expand battery production capacity
within the year.
For the whole of last year, BYD's sales of conventional fuel vehicles fell by 21.
33% year-on-year to about 373,000 units
.
Wang Chuanfu said that this is affected by factors such as changes in energy-saving vehicle subsidy policies, purchase restrictions and market competition
.
In addition to traditional cars, solar energy is also dragging down BYD's overall performance
.
In the case of both traditional cars and solar energy, new energy vehicles have become a major engine
for BYD's development.
In 2014, BYD's new energy vehicle revenue was 7.
251 billion yuan, a year-on-year increase of six times, accounting for 27.
6%
of the company's automobile business revenue.
Wang Chuanfu said that new energy vehicles will continue to double in 2015, at least to 15 billion
.
In 2015, BYD's focus was on promoting plug-in hybrid vehicles, pure electric buses and taxis
.
Wang Chuanfu said that BYD sold more than 2,000 electric buses in 2014, and this market still has huge room
for growth.
BYD will also continue to promote new high-end SUVs and sedans equipped with intelligent platforms, hoping to boost the shrinking revenue
of traditional vehicles through new energy vehicles.
