BYD already built one million NEVs
BYD reached a new milestone when its one-millionth NEV, the Han EV, rolled off the production line.
NEVs (New Energy Vehicles) is the term used by the Chinese government to designate BEV (Battery Electric Vehicles), PHEV (Plug-in Hybrid Electric Vehicles) and FCEV (Fuel Cell Electric Vehicles).
Let’s see the press release.
BYD is today celebrating a significant production milestone by becoming one of the first new energy vehicle manufacturers globally to produce one million electric passenger cars. The one-millionth car, the Han EV, rolled off the production line today at BYD’s headquarters and manufacturing facility in Shenzhen.
At a special ceremony this morning, VIPs from government departments, industry associations, BYD’s partners and suppliers, more than 400 media guests, and about 100 BYD vehicle owners, gathered to mark the occasion.
The landmark moment in BYD’s history coincides with the announcement that the first batch of 100 pure-electric BYD Tang SUVs are now ready for delivery to Norway – with the Scandinavian country selected as the platform for BYD’s ambitious plans in the European passenger car market. BYD also announced that a total of 1500 Tang SUVs will be delivered to Norway before the end of the year as the company commits to accelerating its European and global strategies. The initial 100 cars are scheduled for delivery to Norwegian customers in the third quarter of this year.
BYD’s one-millionth new energy passenger car rolls off the production line
BYD’s pioneering work in the development of battery technology and new energy vehicle (NEV) manufacturing has led the new energy revolution in the global automotive industry since the company’s emergence in 2003 – spearheaded by innovative technologies and a well-calibrated global business strategy. In 2004, BYD unveiled its all-electric concept car, the ET, at the Beijing Auto Show, marking the premiere debut of an NEV model. This was followed in 2008 when the world’s first mass-produced plug-in hybrid NEV – the F3DM – was officially unveiled. Then, in 2020, the BYD Han was launched with performance specs setting twelve records globally and nine in China. The BYD Han continues to be a top-selling model in the mid-to-large luxury sedan sector, and with the credentials to rival models from the three German luxury car giants.
First 100 BYD Tang SUVs head for Norway with 1500 units scheduled in 2021
Alongside news of the production of its one-millionth passenger car line, BYD has also confirmed its entry into the European market with the first 100 pure-electric BYD Tang SUVs on their way to Norway. The northern European country has been selected to kick off BYD’s journey towards a successful presence in the burgeoning NEVs market in Europe.
With Rolf Petter Almklov, Commercial Counsellor, Royal Norwegian Embassy in Beijing, alongside Wang Chuanfu, Chairman and President of BYD, the first batch of 100 Tang SUVs will be shipped at the end of May and delivered to local customers in Norway during the third quarter of this year. Also before the end of 2021, BYD plans to deliver a total of 1500 Tang SUVs to Norway, underlining a significant commitment from BYD to its new Scandinavian market and its European neighbours.
With decarbonisation high on the political agenda in Europe, BYD’s entry into the passenger car market comes at an important time. The BYD Tang EV provides serious competition for the more established European brands, with its stylish design and new technologies providing a compelling proposition for new car buyers. Central to its technology credentials is the new ultra-safe, space-saving Blade Battery, with performance figures including a class-leading range of up to 505km (NEDC) and acceleration from 0-100 km/h in just 4.6-seconds from its 86.4 kWh capacity.
BYD describes its new business in Norway as the ‘start of the European dream’ with respect to its passenger car ambitions. A key differentiator for BYD is its commitment to bringing only pure-electric, 100% emissions-free cars to market – a strategy supported by BYD’s electric bus product range and its leading position in eBus markets right across Europe.
BYD also began the exportation of the Tang EV to Norway, which is BYD’s most expensive passenger BEV. This is a big SUV that seats 7 persons and has AWD (All-Wheel Drive).
The starting price of the BYD Tang EV in Norway is 599.900 NOK (59.065 euros), while in China starts at 295.700 yuan (37.640 euros) before subsidies and 279.500 yuan (35.578 euros) after subsidies.
With a first batch of only 100 units sent to Norway, the huge price tag of the BYD Tang EV is normal and expected.
The same thing happens in South America where BYD is already selling its electric cars, but with a huge price tag. As I mentioned before, to get the prices down in Europe Chinese automakers need scale in order to amortize exportation costs.
An electric car model needs to be exported frequently by the thousands (like the Tesla Model 3 MIC), otherwise the exportation costs (homologation, shipping, after-sales service, sales network…) per unit will remain extremely high, as it happens with luxury cars.
Fortunately, this is a temporary problem, when BYD starts sending batches of 5.000-10.000 units to Europe weekly, then it’s game on!
Anyway, congrats to BYD for pushing EVs!