The strength of China’s BYD, Tesla’s strongest rival in the EV era. Profits and sales volume have doubled. Increasing offensive in Japan as well.

Good morning. Today’s article is about electric vehicles and electric vehicle sub-batteries.

China’s BYD, with rapidly expanding EV and PHV sales, has emerged as a rival to Tesla (Photo by Fumishige Ogata)

According to the September 10 Toyo Keizai ONLINE, the Chinese automaker giant BYD is becoming the eye of the typhoon amid the accelerating shift to electric vehicles (EVs) around the world. The company’s momentum can be seen in its performance in the second quarter of 2023 (April-June).

Sales for the second quarter were 139.95 billion yuan (approximately 2.8 trillion yen), a 67% increase over the same period last year. This exceeded the 47.2% growth rate of Tesla’s sales ($24.92 billion = approx. 3.61 trillion yen) during the same period, and is approaching Tesla’s sales in absolute terms.

Momentum Surpasses Tesla
BYD’s operating profit was 8.51 billion yuan (approximately 170 billion yen) and net income was 6.82 billion yuan (approximately 136.5 billion yen), a 2.4-fold increase from the same period last year. Although the absolute value is not as high as Tesla’s (operating profit down 2.6% YoY to about 350 billion yen, net profit up 19.7% YoY to 390 billion yen, and growth rate in dollars), it is still competitive in terms of momentum.

BYD was founded in 1995 in Shenzhen, China, and has developed its business in batteries for cell phones. 2003 saw the company enter the automobile business by acquiring a Chinese state-owned automaker. In March of last year, the company discontinued production of gasoline-powered vehicles and has since manufactured and sold only EVs and plug-in hybrid vehicles (PHVs) as passenger cars.

The automotive business, including in-vehicle batteries, is driving BYD’s earnings growth, and in the first half of 2023 (January-June), companywide sales grew 72.7% y-o-y, with the automotive business up 91.1% and the ancestral mobile business up 24.4%. The automotive business now accounts for 80% of BYD’s total sales.

Click here to read the full article.


MAXXTA’s Portable Battery for EVs


■[World’s First] Plug & Play Home Energy Storage System Features

Maxxta PowerBaseX’Pro 4610W

3800W to 7600W AC output

PowerBaseX’Pro can supply up to 3,800W of power with one unit and up to 7,600W with two units connected. This is enough power to power a typical household washer, dryer, heater, refrigerator, etc. PowerBaseX’Pro’s rear wheels are electrically powered to help lighten loads. Simply pull the handlebars to carry it on sloping surfaces.

6600w Multi-Charge

Combining AC power and solar power, PowerBaseX’Pro can charge up to 5,150 watts on its own or 6,600 watts when connected to PowerBaseX’Plus. Whether you use PowerBaseX’Pro to prepare for emergencies or to manage your home’s energy consumption, the sooner the better.

3000w Solar Input

PowerBaseX’Pro can charge up to 3,000W from solar power alone. This is enough to fully charge the unit in 2~3 hours. Although we offer our own solar panels, PowerBaseX’Pro is compatible with a wide range of third-party solar panels from 12V to 150V and can be easily integrated into existing solar systems.

MAXXTA PowerBaseX’Pro HESS 4610 Specifications

AC/DC input – 1,800w 120V, 3,600w, 240V
Output – 4*5-20:15A 1800W Max (120V AC).
– 1*6-20:16A 3800W Max (240V AC).
– 1*TT-30. 30A 3600W Max (120V AC).
– Car Outlet*1:12.6V/10A Max.
– DC5521*2:12.6V/3A Max.
– Andersen*1:12.6V/30A Max.
– USB-C 1/2:5V~20A, 100W Max.(5V/3A, 9V/3A, 12V/3A, 15V/3A , 20V/5A)
– USB-C 3/4: 5V~12V, 20W Max. total (5V/2.4A, 9V/2.22A, 12V/1.67A)
Capacity 4,608Wh
Cell Lithium-ion rechargeable battery (LiFePO4)
Connection type WiFi/Bluetooth
Charging temperature 0°C~45°C
Discharge temperature 0°C~45°C
Multi-safety protection Overtemperature, overcurrent, overvoltage
Dimensions 730*320*447mm
Weight 55KG

MAXXTA Brand Series

MAXXTAPowerBaseX Portable Power Station (PPS)
2. MAXXTAPowerBaseX’Tra portable power station (PPS)
MAXXTAPowerBaseX’Pro Home Energy Storage System (HESS)
MAXXTAPowerBaseX’Plus battery cells
MAXXTA PowerBaseX Smart Home Panel with EV Outlet
MAXXTAPowerBaseX Mobile EV Charger
MAXXTAPowerBaseX’Pro cable
MAXXTAPowerBaseX Battery Cable

■River Bay Holdings, Inc.

Ribabay Holdings pioneers value-added investment approaches that leverage our deep industry and corporate relationships. We use our insight and expertise to drive strategic and operational change for each company.

RIVABAY . BAY. Holdings offers comprehensive advice and investment services that combine our expertise to turn our clients’ financial visions into reality.

Currently operating in London, New York, Zurich, and Hong Kong, our global team has made more than 1,000 primary and add-on investments valued at over US$65 billion ( as of April 1, 2022), consistently generating strong returns.

MAXXTA-branded energy storage system manufacturer
RIVA BAY Holdings, Inc.

For further information contact.

See you next time on K-blog.

Follow me!


メールアドレスが公開されることはありません。 が付いている欄は必須項目です