Plug-in hybrid insurance rate TPO5, BYD models ranked first on the list.

Recently, the "February 2022 Car Insurance Rate Report" released by the Automobile Dealers Chamber of Commerce of the All-China Federation of Industry and Commerce and Car E Estimate shows that in the TOP5 ranking of plug-in hybrid insurance rate in February this year, BYD Qin PLUS, Han and Tang New Energy are on the list, and the number of models on the list is the first, which is in the same camp as Porsche and BMW. It is reported that the "Automobile Insurance Rate Report" is based on the professional analysis of real data sources, AI intelligent data model, zero-degree fit of market cognition, expert proofreading of complex factors, global analysis of influencing factors and other indicators, and is an industry-leading evaluation report. BYD’s list of new energy plug-in hybrids in February shows its huge leading edge and strong technical strength in the field of plug-in hybrids.

Plug-in hybrid insurance rate list TOP5, BYD models ranked first.

BYD is deeply involved in the field of plug-in hybrid, leading the development of the industry.

BYD started the research and development of plug-in hybrid technology in 2004, and launched the world’s first plug-in dual-mode electric vehicle F3DM in 2008, which kicked off the reform of new energy vehicles. From DM 1.0 technology to later DM 2.0 and 3.0 technologies, BYD has been deeply involved in the field of plug-in hybrid for 18 years. Last year, BYD launched DM-i super hybrid technology, which played the role of a subversive of fuel vehicles. DM-i super hybrid, creating a hybrid technology based on electricity, equipped with a high-safety blade battery, the world’s highest thermal efficiency engine and EHS electric hybrid system, achieving a fuel consumption of 3.8 liters per 100 kilometers of compact cars, a cruising range of 1245 kilometers, and an acceleration of 7.3 seconds. The driving experience of DM-i model is infinitely close to pure electric, with excellent silence, ride comfort and operability. In addition, DM-i models can enjoy green cards, purchase tax relief and double points, which can achieve the same price as traditional fuel vehicles of the same level. 2022 is a crucial year for new energy vehicles to take advantage of the situation and accelerate their development. With the breakthrough of core technology innovation in all aspects of plug-in hybrid in China, there are more and more products on the market. On March 17th, BYD DM-i Hybrid Car Destroyer 05 went on the market, and launched two versions with a pure battery life of 55km and 120km. The upcoming Han DM-i has a pure battery life of more than 240 kilometers and a fuel-electric battery life of up to 1300 kilometers. Since the introduction of DM-i super hybrid technology, BYD has accurately met the needs of the market and won the favor of consumers.The rate of product market preservation continued to increase, setting an industry benchmark.

The plug-in hybrid market has great potential and is welcoming a period of rapid growth.

According to media reports, from January to February this year, the sales volume of plug-in hybrids in seven European countries (Germany, France, Britain, etc.) was 99,500, accounting for 55.6% of the total sales volume of new energy vehicles; The sales volume of plug-in hybrid vehicles in China is 160,000 vehicles, up 2.5 times year-on-year, but it accounts for only 21% of the total sales volume of new energy vehicles, which is about 35 percentage points lower than that of the European market, and the market growth potential is huge. At present, more than 60% families in China are car-free families. Plug-in hybrid can realize short-distance electricity consumption and long-distance oil consumption, so that the first car in the family can use oil and electricity. If pure electric power mainly solves the demand for increasing purchases, then plug-in hybrid will effectively solve the first purchase and redemption needs of more families, which will have an obvious substitution effect on the huge stock fuel vehicle market. At the same time, plug-in hybrid is an important path to achieve the goal of double carbon, and the change is relatively mild, which is conducive to the stability of the supply chain of the industrial chain and the smooth transition from fuel vehicles to pure electric vehicles. According to the research report "Research on the Development Status and Trend of Plug-in Hybrid Vehicles" recently released by China Automotive Engineering Society, the plug-in hybrid market in China has gradually transitioned to the consumption-driven stage, and the increase in consumer demand is outstanding. From 2016 to 2021, the sales volume of plug-in hybrid vehicles in China increased from 98,000 to 603,000, and the demand increased by 6.2 times. According to the forecast, in the next five to fifteen years, the global plug-in hybrid vehicle market, especially the China market, will enter a stage of rapid growth.

In the future, as more and more manufacturers introduce plug-in hybrid vehicles, the cake of plug-in hybrid vehicles will become bigger and bigger, which will accelerate the replacement of traditional fuel vehicles and help China achieve the goal of peak carbon dioxide emissions and carbon neutrality at an early date.