BYD's NEV Dominance

BYD'S NEV DOMINANCE PHEV share of NEV has been increasing since 2021 even as subsidies are decreasing Subsidy and share of PHEV, 2018-2023Q1 Comparison among BEV, PHEV and ICE Thousand RMB % 25 PHEV Subsidy Category BEV PHEV ICE 27% PHEV share in NEV 20 Model 22% BYD Qin EV BYD VW Qin DM-i Lavida 15 10 5 17% Launch of DM Range 510km platform Gen 4: 55km(battery) +1200km(fuel) 800km DM-i and DM-P Price 139.8k 99.8k 120.9k 0 0 2018 2019 2020 2021 2022 2023Q1 Fuel consumption per 100km 3.8L 6.5L PHEVs deliver longer range, lower fuel consumption and also qualify for free NEV license plates (until 2023). Source: Desktop research, Automobility analysis Automobility Ltd 27 22

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