BYD Wang Chuanfu:The Time Is Ripe For Electric Vehicles To Fully Replace Fuel Vehicles

On January 16, Wang Chuanfu, Chairman of BYD Co., Ltd., delivered a speech at the 7th China Electric Vehicles Conference Online Forum, saying that as the battery, motor, and electronic control technologies of electric vehicles have become more mature in recent years, Acceleration, noise, energy consumption, maintenance convenience, intelligence and full life cycle cost have completely surpassed fuel vehicles, and the time is ripe for electric vehicles to fully replace fuel vehicles.
“The industry’s accelerated transformation of old and new kinetic energy has burst out huge opportunities and energy. We have reason to believe that 2021 will be the first year of the rapid development of my country’s electric vehicles, and the industry structure will accelerate adjustments. The century-old transformation has begun to enter the Warring States Period from the Spring and Autumn Period. Times’, the electric vehicle industry has accelerated into a new stage of development during the ’14th Five-Year Plan’.” Wang Chuanfu said.
Wang Chuanfu said that in November last year, the state promulgated the “New Energy Automobile Industry Development Plan”, which strengthened the confidence and expectations of the industry’s development, and proposed that the sales of new electric vehicles will account for 20% in 2025, and the public sector vehicles will be fully electrified by 2035. In the next five years, the compound annual growth rate of the industry will reach 37% or more. At present, many cities in my country are formulating the “14th Five-Year Plan” new energy vehicle industry development plan, clarifying the goal of electric vehicle promotion and application in the next five years, and pressing the “fast forward button” of development.
Wang Chuanfu also said that from a global perspective, the wave of electrification of automobiles is sweeping the world. Facing the new round of technological revolution and industrial transformation, accelerating the full electrification of automobiles has become a strategic choice for developed countries and automobile powers in the global economy. According to incomplete statistics, 17 countries and 25 cities around the world have announced or formulated a timetable for fully electrified vehicles.
In terms of the industrial chain, Wang Chuanfu revealed that BYD will accelerate the opening of supply of key components to the industry in 2021. “At the beginning of this year, BYD released a new brand logo in the domestic passenger car field, embracing the century-old changes in the auto industry with a more open attitude, and striving to embark on a path from independent innovation to full open innovation.
For the future development of the electric vehicle industry, Wang Chuanfu also put forward three suggestions:
First, continue to improve safety regulations and standards for electric vehicles. The automobile industry is in a critical period of change. The change requires innovative technologies, products and industry-leading standards to solve the pain points of the market. More than ten years ago, in the promotion of electric vehicles, consumers were most concerned about the cruising range; now, there are about 5 million electric vehicles in the country, and consumers are most concerned about product safety. The key to the safety of electric vehicles lies in the power battery. Acupuncture test is a very effective and demanding method in power battery testing. In 2015, the old version of the national standard “Safety Requirements and Test Methods for Power Batteries for Electric Vehicles” clearly stipulated that single batteries should not explode or catch fire when undergoing acupuncture tests. Therefore, it is recommended to gradually include the acupuncture test of the power battery as a mandatory standard, and at the same time increase the current thermal diffusion test requirement of no less than 5 minutes to no less than 30 minutes.
Second, enhance the predictability of double-point prices, and establish a point pool management mechanism with reference to the agricultural grain reserve adjustment mechanism. The supply-demand relationship of points is affected by multiple factors such as the output of various car companies in the industry and fuel consumption. By setting up a point pool management system, when the supply of points exceeds demand, the excess points can be put into the point pool, and when the supply is less than demand, the points can be used out to adjust the balance of supply and demand in the point market in various years. Ensure the effective operation of the double points policy.
Third, the electrification of private cars requires both plug-in hybrid and pure electric vehicles. Last year, the electric vehicle market rose at both ends, one is low-end vehicles, and the other is mid-to-high-end vehicles. In addition to pure electric, plug-in hybrid technology is still an important technical route. my country’s new energy automobile industry development plan clarifies the “three vertical” parallel development routes. Plug-in hybrid and pure electricity are both key technical routes supported by the state, and they are also the global mainstream technology direction. The plug-in hybrid has realized the driving mode of “short-distance electricity and long-distance oil”, which is of great significance to our development goal of “20% by 2025”.