BYD stops selling fuel vehicles, what other car companies will follow suit in the near future?

BYD's official announcement that it will stop producing fuel vehicles is no surprise. Previously, BYD chairman Wang Chuanfu has repeatedly called for a ban on the full sale of fuel vehicles in public. Last November, at the 26th United Nations Climate Change Conference (COP26 ). representatives of governments, businesses and other organizations **** together issued a declaration to accelerate the transition to zero-emission cars and trucks.

The goal is to reach 100 percent sales share of zero-emission cars and trucks by 2040, with BYD taking part and Geely, Great Wall, Chery and others starting to build cars at almost the same time around the same time, but it has to be said that BYD's fuel-vehicle presence is not strong. Last year, BYD Auto sold 740,000 new cars, fuel vehicles only 136,000, followed by 185,600 new car sales in the first two months of this year, fuel vehicles only 5,049, is going down zero.?

According to unreliable reports, BYD's management decided to abandon fuel cars as late as March of last year, only to be conservative, and looked at them for another nine months or so, waiting for hybrids to fully take over, before making up its mind officially. That's a logical note. BYD has also been developing and producing fuel cars since its inception, and that was just to cater to the market at the time. Of course, there are reasons to think that.

Because of the immaturity of the new energy vehicle technology developed and produced by BYD at that time, it must provide financial support through the sale of fuel vehicles. At present, BYD's development and production of new energy vehicles in the market to obtain a greater response, the wings are gradually fleshed out. Finally, on April 3 this year, officially announced the fuel car production stop, full development of new energy vehicles. This ambition has been lurking in BYD for more than 20 years, and it was not until this year that it exploded.

BYD announced the discontinuation of fuel cars this year, this is not a sudden plan, in fact, as of 2017, BYD production and sales of fuel cars share has dropped significantly, it is reported that from 2017 to 2021 five years, BYD's fuel car sales from 72% to 18%, so BYD from the traditional car companies to pure energy car companies are also steadily progressing.