The road to becoming a strong automobile country sees hope in BYD

In 2015, while China's automobile production and sales have been global for seven consecutive years, the Chinese new energy vehicle market also experienced a rapid growth year - a year-on-year increase of 3.4 times. After years of efforts from the government, enterprises, and various sectors of society, new energy vehicles have become a highlight of China's automotive industry. As a microcosm of China's new energy vehicle development, BYD's progress in the new energy industry is evident to all. On July 6, 2016, Ma Kai, a member of the Political Bureau of the Communist Party of China and Vice Premier of the State Council, led leaders from ten ministries and 28 provinces and cities to visit BYD Xi'an Industrial Park again to investigate the development of new energy vehicles.

Vice Premier Ma Kai and his delegation visit BYD

In recent years, global new energy vehicles have gradually been piloted on a small scale and are moving towards a fast track of large-scale commercialization, with almost all countries advocating for green transportation. Due to the early layout of China's new energy vehicle industry, with the coordinated planning of the government and active participation of enterprises, China's new energy vehicle industry has gradually taken a leading position internationally. In 2015, China had become a major global market for new energy vehicles. And next, how to better play the leading role of the government, mobilize the enthusiasm of enterprises, and ultimately achieve the transformation and upgrading of Chinese manufacturing through promoting new energy in China, realizing the Chinese people's dream of becoming a strong automobile country, becomes even more urgent.

BYD Chairman Chuanfu introduces BYD's new energy vehicle technology

In fact, in just one year, the national and local governments have successively introduced a series of policies to support the development of new energy vehicles. In addition to common financial and tax subsidies, the new policies are more comprehensive, not only increasing the encouragement of enterprises to carry out technological breakthroughs, but also covering the construction of charging piles, power battery standards, and the recycling of waste car batteries. The government's support and increasing public recognition of the concept of green transportation have led to the rapid development of the new energy vehicle industry, and truly technologically advanced enterprises have grown rapidly. In 2016, BYD sold 46000 new energy vehicles, a year-on-year increase of 120%. It is expected that BYD's new energy vehicle sales will reach 120000 units throughout the year.

This time, Vice Premier Ma Kai personally led a delegation to visit BYD and inspected the four major production lines, to understand the progress of new energy vehicle technology, market development, and industrial chain development. And the three core components of electric vehicles - battery, motor, and electronic control - have also become the focus of Vice Premier Ma Kai's attention. During this period, BYD Chairman Chuanfu gave a detailed report on BYD's production and operation, equipment improvement, and technological innovation, and emphasized the good development status of BYD's new energy vehicles, which was recognized by Vice Premier Ma Kai.

From the offline production of cars, to the proposal of the "technology trade integration" concept, and finally the establishment of the "market for technology" strategy, Chinese automotive companies that have been following for decades in the traditional automotive field have finally seen hope in the new energy industry, which is expected to change the situation of the Chinese automotive market being large but not strong.