SHENZHEN – The 10,000th BYD electric bus, a BYD K8 electric bus, rolled off the production line and went through all regular testing and approvals recently in April, according to a company press release. It took BYD six years to start from zero to the 10,000th in production of its electric buses, said the company.
Relying on its 16,000 R&D engineers and manufacturing techniques, BYD is continuously upgrading its bus production line. For urban mobility, the company has launched the K9 (12m/40ft), K8 (10.5m/35ft), K7 (8m/26ft) and K6 (7m/23ft) pure electric transit buses. For long-distance passenger transportation, BYD offers the C10 (14m/45ft), C9 (12m/40ft), C8 (10.5m/35ft), and C6 (7m/23ft) pure electric coaches. Additionally, BYD has developed the world’s first pure electric double-decker K10 (10m/32ft) and longest articulated bus K11 (18m/60ft).
With a broad range of bus configurations, BYD is able to fulfill differentiated customer demands. In 2015, the company sold over 7,500 units of electric buses globally, and has obtained another 6,434 units of orders at the beginning of this year.
To date, BYD’s pure electric buses and taxis are operating in over 200 cities in 48 countries worldwide, with most of them in the U.S., Mexico, Colombia, Brazil, the UK, Germany, Austria, Denmark, Holland, Belgium, Japan, Thailand and China.
The company expects that its profit would reach ¥2.25 billion to ¥2.45 billion, with an increase from 382.15 to 425.01 percent in the first half of 2016, reported gasgoo.com. This considerable increase results from customer recognition and government subsidies. Besides, segment of new energy vehicles began to grow rapidly. Sales of new energy vehicles will continue to grow in the second quarter, and push up revenue and profit.
Statistics from China Association of Automobile Manufacturers (CAAM) shows that production and sales of new energy vehicles were 62,700 units and 58,100 units respectively during the first quarter with a yearly rise of 110 and 100 percent in China. Among them, production of electric vehicles was 46,300 units with a yearly rise of 140 percent while sales were 42,100 units with a yearly rise of 140 percent. Production and sales of plug-in hybrid vehicles were 16,300 units and 16,000 units respectively, increasing by 46 and 43 percent. BYD accounted for 28.9 percent of market shares by selling 16,800 units of vehicles in the first quarter, ranking first again. It sold 11,900 units of plug-in hybrid vehicles and 4,839 units of electric vehicles, taking the first and second position respectively.
Sales of new energy vehicles are expected to increase in the following months considering adjustment of government policies. A total of 147 models of new energy vehicles launched by different automakers appeared at the Auto China 2016, indicating that automakers will keep on making huge investment in the new energy vehicle sector.