BYD occupies a leading position in the DHT hybrid system market in 2023, and many companies are competing fiercely

According to data recently released by the consulting agency NE Times, the ranking of installed capacity of domestic DHT hybrid systems in 2023 has been announced. In this field, BYD's Fodi Power ranks first with a significant advantage, with an installed capacity of 1,202,137 vehicles and a market share of 58.2%.

The cumulative installed capacity of Toyota parts in 2023 will be 505,878 vehicles, accounting for 24.5% of the market share, demonstrating Toyota's continued competitiveness in the hybrid field. Followed by Honeycomb Yichuang, its installed capacity reached 393,603 vehicles, a year-on-year growth rate of 359.5%, and its market share also increased to 19.1%, showing strong growth momentum.

In addition, companies such as Honda Parts, Geely Automatic Transmission, Qisheng Power, Huixiang, Zhixin Technology, Qingshan Industrial and Wuling Liuji also successfully entered the top ten, together forming the domestic DHT hybrid system The competitive landscape of the market.

According to our understanding, the new energy vehicle market will continue to expand throughout 2023, with sales of hybrid models reaching 3.14 million units. Among them, the number of models equipped with DHT systems was 2.066 million, a year-on-year increase of 34.7%. This shows that the DHT hybrid system has been widely used in the market and recognized by consumers.

According to data released by the Passenger Car Association, the retail sales and wholesale sales of new energy passenger vehicles in 2023 were 7.736 million and 8.864 million respectively, year-on-year. An increase of approximately 36%. Specifically, the retail sales of pure electric passenger cars reached 5.144 million units, and the retail sales of plug-in hybrid passenger cars reached 2.592 million units. This data once again proves the continued growth trend of the new energy vehicle market and consumers' enthusiasm for purchasing new energy vehicles.

Currently, as the market transition to new energy vehicles accelerates, major car companies are also actively deploying and launching new models. According to statistics, there will be 148 new cars on the market by 2023, of which the number of gasoline cars will decrease significantly, while plug-in hybrid models will show an increasing trend. This change not only reflects the car companies' keen insight into and active response to market trends, but also provides consumers with more diversified and environmentally friendly travel options.

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