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On March 30, BYD held a results conference, chairman and president Wang Chuanfu said that to maintain rapid growth in new energy vehicles, the sales of dual-mode vehicles will maintain a doubling growth trend in the next three years
.
Although BYD's new energy vehicle sales led in 2014, BYD's production of new energy vehicles was constrained by battery production capacity, and sales profit fell by 20%.
Wang Chuanfu said that due to the shortage of battery production capacity caused by the rapid development of new energy, BYD will pay more attention to the expansion
of battery production capacity in the future.
In the past year, BYD's new energy vehicle business has grown rapidly, and its profit contribution is strengthening
.
Data show that BYD sold more than 20,000 units in the field of new energy vehicles last year, a tenfold
increase from 2,900 units in 2013.
Wang Chuanfu said: "Capital expenditure will be mainly in batteries
.
We also use limited capital for battery investment through various financing channels
.
”
BYD's total current assets increased significantly in 2014, of which receivables from joint ventures and associated companies increased by 290.
74% to RMB977 million
.
Wang Chuanfu responded that the decrease in cash inflow is mainly due to the difference
in the sales model of new energy vehicles and traditional vehicles.
From the performance point of view, the growth rate of BYD's new energy vehicle business failed to compensate for the decline
of its traditional car business segment.
When asked how to balance the old and new business segments, Wang Chuanfu said that the introduction of some SUV models of fuel vehicles in 2015 should slow this trend
.
BYD's goal is to achieve "two things"
between conventional and new energy vehicles.
On March 30, BYD held a results conference, chairman and president Wang Chuanfu said that to maintain rapid growth in new energy vehicles, the sales of dual-mode vehicles will maintain a doubling growth trend in the next three years
.
Although BYD's new energy vehicle sales led in 2014, BYD's production of new energy vehicles was constrained by battery production capacity, and sales profit fell by 20%.
Wang Chuanfu said that due to the shortage of battery production capacity caused by the rapid development of new energy, BYD will pay more attention to the expansion
of battery production capacity in the future.
In the past year, BYD's new energy vehicle business has grown rapidly, and its profit contribution is strengthening
.
Data show that BYD sold more than 20,000 units in the field of new energy vehicles last year, a tenfold
increase from 2,900 units in 2013.
Wang Chuanfu said: "Capital expenditure will be mainly in batteries
.
We also use limited capital for battery investment through various financing channels
.
”
BYD's total current assets increased significantly in 2014, of which receivables from joint ventures and associated companies increased by 290.
74% to RMB977 million
.
Wang Chuanfu responded that the decrease in cash inflow is mainly due to the difference
in the sales model of new energy vehicles and traditional vehicles.
From the performance point of view, the growth rate of BYD's new energy vehicle business failed to compensate for the decline
of its traditional car business segment.
When asked how to balance the old and new business segments, Wang Chuanfu said that the introduction of some SUV models of fuel vehicles in 2015 should slow this trend
.
BYD's goal is to achieve "two things"
between conventional and new energy vehicles.
