The fourth LTA-UITP Singapore International Transport Congress and Exhibition (SITCE 2022) was held from November 2 to 4. During the event, Chinese new energy vehicle manufacturer BYD unveiled Singapore’s first Blade Battery-powered bus, the B12A03.
BYD specially designed this bus model for the Singaporean market, and it is configured as a 12-meter full-low-floor bus with three doors. Adopting a fourth-generation aluminum body, the bus is also the first pure electric bus equipped with the firm’s Blade Battery.
BYD also exhibited its Q1R tractor, with a battery layout adjusted for enhanced safety performance, capacity, and endurance. Carrying capacity is also greatly improved, with the electronic controls upgraded to a five-in-one system.
According to BYD, the Q1R has earned 50 intent orders, and the B12A03 has gained 400 votes from the Land Transport Authority so far.
BYD started exploration of global markets in 1998, when its European branch was established in the Netherlands. At that time, in order to reduce environmental pollution, Schiermonnikoog Island in the Netherlands decided to replace all buses on the island with electric buses with zero emissions. In June 2012, BYD successfully won the bid – its first order in Europe. Six electric buses were put into operation in April 2013. In July, Amsterdam Airport Schiphol purchased 35 pure electric buses from BYD.
After nearly 10 years of global exploration, BYD has sold 85,000 units of pure electric commercial vehicles worldwide, covering more than 400 cities in more than 70 countries and regions around the world. According to data disclosed by BYD, the market share of BYD pure electric buses in Europe is as high as 20%, and it occupies a 70% market share in Japan.
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At present, BYD commercial vehicles have formed a complete industrial chain integrating product planning, R&D, manufacturing, sales and after-sales of new energy commercial vehicles, involving urban public transport, road passenger transport, urban logistics, sanitation, ports, airports, mines and other fields.
BYD’s financial report for the third quarter of 2022 released on October 28 showed that it achieved revenue of 117.081 billion yuan ($16.2 billion), a year-on-year increase of 115.59%. The net profit was 5.716 billion yuan, a year-on-year increase of 350.26%. It is believed that, according to its current growth rate, BYD is expected to hit the sales volume of 2 million vehicles this year. In other words, the average monthly sales volume in the fourth quarter needs to reach nearly 280,000 vehicles.