Car and City: July 2021 registrations of BYD vehicles
Beijing (Gasgoo)- Monthly insurance registrations of BYD vehicles continued to grow in July, hitting the highest level of the first seven months of this year as the company tries to expand its new energy vehicle (NEV) business.
In July, the insurance registration volume BYD-branded vehicles amounted to 57,140 vehicles, up by 13.7% month over month, according to data from China Banking and Insurance Regulatory Commission (CBIRC). By the end of July, the year-to-date insurance registrations of BYD vehicles totaled 262,339 vehicles.
Among all BYD vehicles registered in July, 50,591 were registered by individual consumers while 4,093 new vehicles were bought for renting businesses.
Beijing registered the most BYD vehicles in July, followed by Shanghai and Shenzhen. Apart from the top 10 cities on the list, monthly registrations of another two cities also surpassed 1,000 vehicles, namely Zhengzhou (1,091) and Chengdu (1,008).
NEVs’ registrations accounted for 72.8% of BYD’s total July registrations. In July, a total of 41,582 BYD-branded NEVs were registered in the biggest vehicle market, including 19,208 plug-in hybrid electric vehicles and 22,374 battery electric vehicles. For the first seven months of this year, the share of NEVs was 64.6% with a total of 169,524 NEVs registered.
Shenzhen topped other cities in China by Jan.-Jul. registrations of BYD vehicles, with 22,439 registered in the period. Shanghai and Beijing also registered over 15,000 BYD-branded vehicles.
Seven out of BYD’s top 10 registered models in July were NEV models, including three plug-in hybrid electric vehicle models and four battery electric vehicle models.
The top 2 registered models were both from DM-i series. In January, the automaker officially launched its DM-i hybrid technology, as well as the presale of three models powered by the technology, the Qin PLUS DM-i, the Song PLUS DM-i and the Tang DM-i. With BYD’s DM-i technology, vehicles can have a combined range of 1,200 kilometers. Due to the surge in DM-i models’ sales, BYD aims to ramp up production capacity and has apologized for slow delivery of DM-i models .
Photo credit: BYD
When asked about whether it has suspended the production of certain traditional fossil fuel vehicles, the company said it is reducing the product share of traditional fossil fuel vehicles which will be replaced by DM-i models. BYD will stop the production of the F3 in October.
Besides, BYD also makes continuous efforts in battery electric vehicle segment. Earlier this month, the automaker officially launched its BEV-dedicated e-platform 3.0, which boasts advantages in four major aspects, including intelligence, high efficiency, safety, and aesthetics.
Based on the e-platform 3.0, BYD plans to launch its Ocean model series, the first of which is the BYD Dolphin, which hit the market at the 2021 Chengdu Motor Show last month.
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