BYD's inclusion in the list is just the beginning of the next brilliant period.

On August 3, the latest ranking of the Fortune Global 500 in 2022 was released. As a representative enterprise in China's new energy automobile industry, BYD was strongly included in the list of the world's top 500 under the energy revolution of a century, fully demonstrating the determination and strength of Chinese automobile enterprises to ride the new energy automobile track.

Although it is in the background of the era of electrification, BYD can not usher in the highlight moment in one move. In combination with the overall environment, the global industrial pattern is undergoing subtle changes, and the automobile industry plays an indispensable role in this. In this process, as the key to promote, lead and accelerate the process, China has gradually changed from a follower to a leader.

Picture: Official BYD

Since its establishment 27 years ago, BYD has firmly promoted the strategy of sustainable development of the industry through independent innovation and technology empowerment. BYD has mastered the core technologies of the whole industrial chain of new energy vehicles, such as batteries, motors, electronic controls and vehicle specification chips. BYD has become one of the enterprises with the widest layout in China's new energy vehicle industry, providing strong support for the "blowout" growth at this stage.

As a leading automobile enterprise with a monthly sales of more than 160000 new energy vehicles, it is the epitome of BYD's rapid development to be listed in the Fortune Global 500 enterprises. Behind this, it is worth thinking about how to make it into the world's top 500 and how to support the sales figure of "more than 160000 vehicles".

Clear industrial direction

The energy revolution is leading the automobile industry to a "new track".

It can be seen from the list that the number and scale of Chinese enterprises on the Fortune Global 500 in 2022 have increased. Among them, the annual profit growth of seven industries is no less than 200%, namely, energy, transportation, commercial services, media, aerospace and defense, chemistry, automobile and parts.

At the same time, the impact of global climate change is becoming increasingly significant, and "carbon peaking" and "carbon neutralization" have gradually become a global consensus. With the finalization and implementation of the schedule of banning the sale of fuel vehicles around the world, the development of new energy vehicles has made rapid progress. The roadmap for full carbon neutrality released by the International Energy Agency also shows that "by 2030, the annual sales of new energy vehicles will reach 55 million; by 2035, most countries in the world will ban the sale of fuel vehicles and fully enter the era of new energy vehicles."

Many signs indicate that the new energy vehicle industry has ushered in a period of rapid development in the world, and the speed will only "increase without decrease".

Picture: Official BYD

In the domestic market, the retail penetration rate of new energy vehicles reached 27.4% in June. In the first half of this year, the domestic sales volume of new energy passenger vehicles was 2.247 million, with a year-on-year increase of 122.4%. The sales volume of new energy vehicles in China accounted for 59% of the global market. Compared with the penetration rate, there is still great potential.

In addition, according to the statistics of the Ministry of public security, by the end of June 2022, the number of new energy vehicles in China had exceeded 10 million. It can be seen that new energy vehicles have formed an industrial pattern from policy driven to market driven, and the development of the industry has entered a new stage of marketization.

As the "leader" of industrial transformation, what strength does BYD rely on to become one of the world's top 500? Under the background of the times, a series of data such as the sales volume of more than 640000 vehicles in the half year, the monthly sales volume of more than 160000 vehicles, the backlog of orders, the technical fish pond, and the trillion market value are the best explanations.

Solid technical reserves

The large technological "fish pond" built by the annual R & D investment of more than 10 billion yuan is the main driving force for BYD to stand at the "C" position in the industry.

According to a group of data, BYD's R & D investment in 2021 was 10.627 billion yuan, a year-on-year increase of 24.20%; The number of R & D personnel was about 40400, with a year-on-year increase of 31.52%. By the end of June 2022, BYD had applied for 37000 patents and authorized 25000 patents globally.

The continuous increase in R & D has enabled BYD to possess core technologies of the whole industry chain, such as ultra safe blade battery, DM-I super hybrid, dm-p King hybrid, E platform 3.0, igbt4.0, etc. New energy automobile products have formed three product lines of passenger cars, commercial vehicles and forklifts, and are distributed in seven "conventional fields" such as public transport, taxis, private cars, road buses, urban commodity logistics, urban building logistics and environmental sanitation, as well as special fields such as ports and airports.

For the automobile industry, technology is the foundation of products, and innovation is the foundation. In the current field of new energy vehicles, BYD has built up technical barriers by adhering to independent research and development, and improved the competitiveness of its brand and products in the market.

Unlike other brands in this field, BYD's "engineer gene" played a crucial role in its growth. In the field of passenger cars, which consumers are most familiar with, BYD, after nearly 20 years of persistence and relying on many subversive core technologies, finally ushered in the moment of accumulation and development.

Among them, BYD launched the blade battery in March 2020, and became famous through the extremely strict test of the safety of the battery cell - "needle test", which solved the safety pain point most concerned by the market. The battery also has the significant advantages of long life and high endurance.

Picture: Official BYD

BYD's plug-in hybrid DM technology platform, by virtue of Xiaoyun - plug-in hybrid dedicated 1.5L high-efficiency engine, EHS electric hybrid system, DM-I super hybrid dedicated power blade battery, AC / DC vehicle charger and other core components, as well as the fully independently developed vehicle control system, engine control system, motor control system and battery management system, makes the engine more focused and efficient, subverts the traditional design architecture, With the characteristics of "fast, quiet, smooth and green", the "dimension reduction attack" is realized for fuel vehicles.

In the first half of 2022, BYD's sales of new energy vehicles (including passenger cars and commercial vehicles) exceeded 640000, with a year-on-year increase of 315%, and won the title of global new energy vehicle sales. In July, the sales volume far exceeded the market expectation and set a new record for BYD. The number of new cars sold was 162530, a year-on-year increase of 183.1%.

In the global market, BYD's operation footprint of new energy vehicles has covered 6 continents, more than 70 countries and regions and more than 400 cities.

Future development is expected

In terms of capital market, from January 1 to June 30, 2022, BYD's share price rose by 24.38%. At this stage, BYD's market value once exceeded trillion yuan, becoming the third largest auto company in the world by market value and one of the few members of the trillion yuan Club of a shares.

BYD's new sales records and the positive attitude of the policy level towards new energy vehicles have made BYD stand out in the capital market. Compared with traditional automobile enterprises, BYD's new energy vehicles and industrial chain provide more "imagination space" for its development.

Picture: Official BYD

In addition, the layout of BYD's high-end market is also commendable. It is understood that BYD plans to release the high-end brand and logo at the end of this year, and simultaneously debut the first hard off-road vehicle with a price of more than 1 million yuan.

There is no doubt that although BYD has made remarkable achievements in the new energy vehicle track, it may only be the beginning if we look to the future in combination with the trend.

"At present, BYD has more than 500000 orders in hand, and the backlog of orders is increasing month by month. The delivery cycle needs 5 to 6 months." Wang Chuanfu, chairman of BYD, disclosed at the shareholders' meeting in June.

With the implementation of the brand strategic planning one by one, BYD is bound to further expand the market space and open a new stage of the new energy vehicle market. And being listed in the Fortune Global 500 list in 2022 is only one of the remarkable achievements of BYD based on the global automobile market.