When the times abandon you, you will not say hello. This sentence is so suitable in today's era of fuel vehicles and new energy vehicles.
The new energy vehicle is no longer the weak child. It has gradually acquired strong muscles and a rapid growth rate. In the first seven months of this year, BYD sold 800,000 new energy vehicles, and sold 205,000 in the same period last year. , an increase of 292% year-on-year. Really fast.
We don’t need to say more about how difficult it will be in 2022. Everyone has tightened their pockets. Household deposits increased by over 10 trillion in the first half of the year, while the real estate, automobiles and other bulk consumer industries performed poorly during the same period. All the way to the green light, the interest rate has dropped again and again, but it is still unable to greatly increase everyone's consumption desire.
New energy vehicles headed by BYD have firmly grasped the dividends of the development of the times. Against the background of US dollar interest rate hikes, geopolitical turmoil, new crown epidemic raging around the world, and insufficient consumption power, they can still make a breakthrough in the new energy vehicle industry. It is not easy to expand the soil and repeatedly come out on top.
In stark contrast to BYD, the big brother SAIC Motor Group achieved a net profit of 3.2 billion yuan in the first half of the year, a year-on-year increase of 172.68%. In the first half of the year, SAIC Motor achieved operating income of 316 billion yuan, down 13.69% year-on-year, and net profit of 6.91 billion yuan, down 48.1% year-on-year, which can be said to be cut in half.
In addition to performance, this big brother is also slightly inferior in the sales of new energy vehicles. In the first seven months, BYD's new energy vehicles sold 800,000 units, a year-on-year increase of 292%, while SAIC Group sold 480,000 units, a year-on-year increase of 45%. %. The gap between the two is still relatively large, and BYD's new energy vehicles have both mid-range and high-end models, and mid-to-high-end models such as BYD Han and BYD Seal are very popular. In comparison, although the sales of miniature new energy vehicles such as Wuling Hongguang mini are very high, their contribution to performance is slightly weak.