On September 25. BYD made a rare announcement, which can be described as a "major move," catching all joint venture car manufacturers off guard.
On that day, BYD Group celebrated the rollout of its 9 millionth new energy vehicle at its Shantou factory, with the model being the million-dollar all-electric supercar, the Yangwang U9.
There are two key reasons why this move caught joint venture carmakers by surprise.
First, it took BYD less than two months to go from 8 million to 9 million vehicles. While joint venture manufacturers are still struggling to boost their sales, BYD quietly produced another million vehicles.
Second, the all-electric million-dollar supercar, the Yangwang U9. has officially started deliveries. Born in a Chinese factory, this car has once again made the world look at Chinese manufacturing with renewed respect.
Currently, the global auto industry, especially joint ventures, is facing tough times. For instance, the once over 200.000 RMB mid-size sedan, the Nissan Teana, has now dropped to the same price range as the Nissan Sylphy. This has left some buyers who spent more than 200.000 RMB on a Teana wondering where their money went.
The rise of domestic car brands like BYD has forced joint ventures to say goodbye to "exorbitant profits." Trying to use old tricks to fool Chinese consumers is becoming increasingly difficult.
But that's not all. The speed at which BYD is rolling out cars is accelerating. It took less than two months to go from 8 million to 9 million new energy vehicles, which not only shows the growing support for domestic cars but also highlights the declining sales of joint ventures. It further demonstrates that BYD’s products are improving, gaining more attention from the Chinese public, and marking a glorious milestone for China’s auto industry!
This statement is not baseless. From January to August this year, BYD's cumulative sales reached 2.328 million vehicles, a year-on-year increase of 29.9%. Meanwhile, joint venture car sales have started to decline significantly. In the second quarter, BYD even surpassed Honda, becoming the seventh-largest automaker in the world.
It is precisely in this context that BYD’s milestone of 9 million truly caught joint venture car manufacturers off guard—it’s just too fast and too hard to catch up!
Times are changing. Take the U9 for example: the domestically produced all-electric supercar has already made its way to the Nürburgring in Germany. Every time the Yangwang U9 "dances," it amazes foreign netizens and media. China’s rise is truly on the horizon.
Lastly, I want to say that with the arrival of BYD's 9 million milestone, 10 million is just around the corner. This achievement signifies one thing: China's manufacturing has already become high-end, and the future of high technology will be written in Chinese!
