It is learned on March 30 from IT Home that BYD accepted 768 invited investors for research. Wang Chuanfu, Wang Nianqiang, Zhou Yalin, and Li Qian participated in the reception and answered the questions raised by the research institution.
BYD said that the new energy vehicle market was in short supply in 2022, but by 2023, the situation of insufficient production capacity and shortage of materials will be greatly improved, and it will enter the knockout round.
From January to February this year, the total market volume decreased year-on-year, but new energy increased year-on-year, and the company contributed the main increase, and its market share further increased.
BYD pointed out that in the current market environment, what is most needed is “fast”, and “fast fish eat slow fish” is more appropriate than “big fish eat small fish”, so auto companies must put speed first.
According to Daily Economic News, the production and sales bulletin shows that in the first two months of this year, BYD Auto sold 345,000 vehicles, a year-on-year increase of 90.13%. BYD emphasized, “From the perspective of follow-up development, in the price range of 100,000 to 200,000 yuan, although the company has pricing power, the company also hopes to develop more steadily.”
Regarding “BYD Electronics’ domestic and overseas production situation and production capacity planning goals”, the company stated that overseas customers are mainly in the field of consumer electronics and smart products, and cooperate with overseas customers to provide global services including R&D, manufacturing, technical services and after-sales services. Overseas bases have been put into production one after another, and the current scale is not large, but with the development of various businesses, the overseas layout will become larger in the future.
As for the specific cooperation between BYD Electronics and Nvidia, what is the plan? The company stated that it previously cooperated with Nvidia in the game graphics card business, and now the company will also cooperate with its business in the fields of servers and intelligent driving. At present, it is mainly foundry, which accounts for a small proportion of the entire business, but the value of follow-up business is relatively high, and the proportion of these businesses will increase in the future.