On June 10th, BYD $BYD Company Limited (002594.SZ)$With a market cap surpassing trillion, ranking among the top three in global automotive market cap, becoming the first whole vehicle enterprise in China to enter the trillion market cap club.
On July 4th, BYD announced its sales for June and the first half of the year. Its monthly car sales reached 0.134 million units, with a cumulative sales of 0.641 million units in the first half of the year, surpassing Tesla successfully. $Tesla (TSLA.US)$With sales volume of 0.564 million vehicles in the first half of the year, it has become the global champion in new energy vehicle sales.
'The only domestic new energy vehicle company that can independently produce the three-electric system' is one of BYD's core capabilities, which is also a point that its users often talk proudly about.
Different from the core three components of traditional fuel vehicles - engine, transmission, and chassis, the core of new energy vehicles is the three-electric system - battery, electric motor, and electronic control.
The transformation of the structure components of the three-electric system of new energy vehicles has provided an excellent opportunity for the Chinese automotive industry to break through numerous foreign patents and industry barriers.
Power batteries, Chinese companies rank among the top
Starting with the secondary battery business such as mobile phone charging, BYD emerged early in the power battery race, although it was surpassed by Contemporary Amperex Technology later, it is still one of the leading players globally.
According to the 2022 Global New Energy Vehicle Power Battery Development Research report released by EO Intelligence, among the global power battery manufacturers in 2021, Ningde...