There has been a saying that has been circulating in the market, "There are only two kinds of hybrids in the world, one is called Toyota, and the other is called other." It is undeniable that Toyota was once the leader in this market. After all, in the early years, when other car companies were still "working hard" in the fuel vehicle market, Toyota had begun to thoroughly research hybrid technology. . But among our Chinese brands, there is also a very forward-looking car company, and that is BYD.
As early as 2003, when he was cross-border car manufacturing, Wang Chuanfu had the original intention and wish to "only produce new energy vehicles". In the field of plug-in hybrid vehicles, BYD launched related research and development. In 2021, BYD brought super hybrid technology that shocked the industry. Qin PLUS DM-i, Song PLUS DM-i, and Tang DM-i were launched at the same time, starting a blowout in the hybrid market.
How popular is BYD now? The combined sales of all car companies in the hybrid car market cannot match that of BYD.
Let’s take a look at the sales data. Last year, BYD sold 1,868,543 vehicles, claiming the title of sales champion in the domestic automobile market.
Since the beginning of this year, BYD has continued to sell well. In February, BYD*** sold 191,664 new energy passenger cars, a month-on-month increase of 27.64%. Among them, BYD DM Hybrid sold *** in February 101,025 units were sold, while BYD EV passenger car sales were 90,639 units, accounting for 52.71 and 47.29 of the entire group respectively.
Let’s take a look at the performance of BYD’s hybrid products in the entire plug-in hybrid market. Among the top fifteen plug-in hybrid sales rankings in February, BYD occupied nine positions. Among them, the top All eight are from BYD. Among them, Song PLUS DM-i sold 29,931 units and Qin PLUS DM-i sold 19,000 units, showing unusually strong performance. It is precisely because of the help of the DM-i model that BYD won the February sales championship in both the SUV market and the sedan market, demonstrating its strong market appeal.
It can be said that BYD’s current position in the market is equivalent to the position of joint venture brands in the domestic market ten years ago. It can even be said that Volkswagen did not achieve this monopoly status when it was the most popular. . So it is obvious that from the current hybrid car market, BYD has already surpassed Toyota in terms of sales volume and reputation, and has absolute say.
Why does it sell so well? One of the biggest reasons is that BYD's hybrid core technology has completely broken the patent barriers and technology monopoly of Japanese car companies, and is obviously more advanced.
Products equipped with hybrid technology fundamentally solve the pain points of consumers. Let’s take Qin PLUS DM-i as an example. It has a fuel consumption of 3.8L per 100 kilometers and a comprehensive range of 1245km. It has a long range and low fuel consumption. , from the perspective of vehicle cost, dimensionality reduction to combat joint venture fuel vehicles is a very good choice for consumers. And everyone knows that Toyota THS and Honda i-MMD are both "oil-based", while BYD's DM-i is "electricity-based". Essentially, their hybrid products are different. Yes, this technological generation gap is the biggest reason why BYD's plug-in hybrid models are so popular.
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Now BYD has dominated the plug-in hybrid field and continues to make efforts. Since this year, it has successively launched Qin PLUS DM-i Champion Edition and Tang DM-i With the Champion Edition, the market competitiveness has been greatly improved, and it will definitely deliver better market results in the future. Toyota has long since disappeared. We can say without exaggeration, "There are only two hybrids in the world, one is called BYD and the other is called other."
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