Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizen amango for the clue delivery! CTOnews.com, September 6 (Xinhua)-- UBS Securities Research has dismantled BYD Seal, a Chinese electric car product for the first time, and found that seals have a strong cost advantage in the European market, with 15% to 35% lower vehicle costs for Model 3 and Volkswagen, respectively, according to Interface News. UBS predicts that the global market share of Chinese car companies will jump from the current 17 per cent to 33 per cent by 2030, while traditional western carmakers will be hit hard, falling to 58 per cent from the current 81 per cent. especially in the mass market sector of 20, 000 to 40, 000 euros.

It is reported that BYD Seal's cost advantage mainly comes from two aspects: one is China's local production and domestic perfect electric vehicle supply chain, and the other is BYD's vertical integration system and highly integrated parts. About 75 per cent of BYD Seal's parts are made by BYD itself, with a higher homemade ratio than Tesla, which is made in China, and Volkswagen, which is made in Germany. This kind of vertical integration not only improves the profit margin of the whole vehicle, but also realizes higher integration of engineering development. Take the blade battery, which accounts for the highest cost of the vehicle, as an example, its high integration reduces the cost by about 20% on the one hand, and makes the battery pack thin enough to leave enough space for the whole car on the other hand.

BYD Seal has also taken trade-offs that are more suitable for Chinese consumers. In terms of self-driving, BYD Seal focuses on simple and practical solutions at a cost of only 3000 yuan, while BYD Seal has a 5G function in the car system.

BYD Seal officially went on sale in Europe at this year's Munich auto show, with two versions priced at 50, 000 euros (CTOnews.com Note: currently about 391000 yuan) and 44900 euros (currently about 352000 yuan). So far, BYD has five models on sale in Europe.

UBS believes that the structural market loss caused by traditional Volkswagen manufacturers is the greatest risk of the increasingly fierce competition between Chinese carmakers and Tesla. UBS has downgraded Renault and Volkswagen from "neutral" to "sell", directly citing the threat posed by Chinese competition. Analysts believe Volkswagen is "the company that has been most negatively affected by the rise of Chinese carmakers in the world". In order to maintain its market share in China, Volkswagen has reached a historic cooperation with Xiaopeng Motor in China. However, analysts believe that the cooperation between the two sides has a high implementation risk.

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