In today’s era of continuous technological innovation in the automotive industry, BYD has once again led the market with its revolutionary 5th generation DM-i dual-mode hybrid system. This technology not only enhances the engine’s thermal efficiency to 46.06% but also achieves a remarkable fuel consumption of only 2.9L per 100km when electricity is low, with a comprehensive range of 2100km, marking a new height in the performance of new energy vehicles.
In 2023, the sales volume of plug-in hybrid vehicles in the Chinese market reached 2.804 million units, a year-on-year increase of 84.7%, even surpassing the growth rate of pure electric vehicles. Behind this achievement is the leading position of Chinese brands in the global plug-in hybrid technology field. Mr. Wang Chuanfu, filled with pride, stated: “China’s plug-in hybrid technology is already at the forefront of the world, with 3 out of every 4 plug-in hybrid models sold globally coming from Chinese brands.”
The number of plug-in hybrid models from Chinese brands has exceeded a hundred, not only breaking the myth of Japanese hybrid models in the international market but also signifying that the global plug-in hybrid technology has entered the ‘China Moment’. With the continuous expansion of Chinese brands in the global market, there is reason to believe that plug-in hybrid vehicles will continue to occupy an important position in the global automotive market.
The breakthrough of BYD’s DM-i technology and the market performance of China’s plug-in hybrid models not only showcase China’s technical strength in the field of new energy vehicles but also herald a significant shift in the global automotive industry landscape. With continuous technological progress and an increasingly mature market, the future automotive industry will be greener and more efficient, and Chinese brands will undoubtedly play a key role in this transformation.
