Compared to the last season, the energy consumption of A-share automobile manufacturers has significantly increased, driven by demand from overseas markets. This analysis focuses on the first quarter report of 2025, highlighting key trends in the automotive industry.
On May 21, 2025, it was reported that BYD (002594.SZ) achieved a remarkable energy consumption peak of approximately 91 billion yuan, showing a year-on-year increase of 100.38%. The company reported a total revenue of 170.3 billion yuan for the first quarter, marking a growth of 36.35% compared to the same period last year.
Despite the current economic climate, BYD’s success can be attributed to several factors. The company has made significant advancements in new energy vehicle technology, which has allowed it to maintain a strong market position. For the first quarter of 2025, BYD is projected to have an energy consumption of 142.23 billion yuan, indicating a 51 billion yuan increase from the previous year.
Moreover, it is anticipated that BYD will continue to enhance its production capabilities in the new energy sector, focusing on pure electric and hybrid vehicles. By the first quarter of 2025, the sales volume of pure electric vehicles is expected to reach approximately 41.64 million units, with hybrid vehicles projected to sell around 56.97 million units.
BYD’s CEO has emphasized the importance of innovation and efficient production methods in achieving these goals. The company aims to continue expanding its market share both domestically and internationally, particularly in Europe and other emerging markets.
In summary, BYD’s first quarter results demonstrate its robust growth and the increasing demand for electric vehicles. The company’s strategic focus on new energy technology and market expansion is likely to position it for continued success in the coming years.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/strong-growth-expected-for-byds-electric-vehicle-sales-amidst-rising-global-demand/
