China News Service, Beijing, June 10 (Reporter Chen Kangliang) On the 10th, the share price of BYD, a Chinese new energy vehicle manufacturing company, continued to rise. As of the close of the day, the company's share price rose by more than 8%, and the total market value successfully exceeded 1 trillion yuan. (RMB, the same below) mark.

  According to the latest market value ranking of automakers released by foreign website, BYD's total market value has surpassed Volkswagen Group, ranking third on the list, second only to Tesla and Toyota.

Currently, BYD is also the only Chinese automaker in the top ten on the list.

  Tianfeng Securities analyst Yu Te said that there has been a lot of good news for BYD recently.

In May, with the progress of the resumption of work and production in China, the auto market gradually recovered.

Superimposed on the active introduction of local auto market stimulus policies, the overall situation of the auto industry has improved, and sales have been released.

In this context, BYD's sales in May reached a new high and exceeded 100,000 units for the first time, with a dazzling overall performance.

  BYD recently announced that the sales of new energy vehicles in May were 114,943, compared with 32,800 in the same period last year; the cumulative sales this year were 507,314, an increase of 348.11% year-on-year.

  Guotai Junan analyst Pang Junwen reminded that BYD's battery market position is being re-recognized.

BYD launched its first hybrid model in 2008, and has accumulated profound experience in the field of automotive power batteries. After the introduction of blade batteries, the volume utilization efficiency and energy density have been significantly improved.

From January to April 2022, BYD's domestic market share of installed capacity will reach 23%, and from January to March, the global market share will reach 11.1%, which is a significant increase from 2021. With the subsequent supply of batteries to external car company customers, the company The market position and market share of the battery business are expected to be further enhanced.

  According to media reports, Lian Yubo, executive vice president of BYD Group and dean of the Automotive Engineering Research Institute, said recently that BYD is ready to provide batteries to Tesla.

  Yu Te believes that benefiting from the resumption of work and production and policy dividends, he continues to be optimistic about BYD's development prospects.

At present, the resumption of work and production in Shanghai, Jilin and other places is progressing one after another.

In addition, since April this year, various subsidy policies have been introduced to promote automobile consumption, among which the subsidies for new energy vehicles are relatively large.

It is expected that under the background of the resumption of work and production and superimposed policy dividends, BYD's new energy vehicle sales are expected to further increase with the expansion of the total space, and the company's overall sales growth rate is expected to accelerate.