BYD’s newest RoRo ship, Changsha, is ready to undock by the top of April, marking the corporate’s fifth vessel. This will likely be BYD’s second ship that’s able to transporting 9,200 automobiles without delay, following the BYD Shenzhen. The Changsha measures 219 meters in size and is powered by a dual-fuel system utilizing Liquefied Pure Fuel (LNG) and traditional gas.
BYD has accelerated the growth of its delivery fleet since 2024. The primary automobile service, BYD Explorer 1, was formally delivered in January 2024, adopted by further vessels to fill capability gaps. In accordance with BYD officers, they count on to launch 4 extra carriers earlier than 2026. By that point, the whole fleet capability will attain 67,000 automobiles.
From a strategic perspective, BYD’s self-built vessels can considerably cut back delivery prices. As a consequence of a world scarcity of automobile carriers, logistics bills have surged. In 2024, worldwide vessel rental charges can attain 150,000 USD per day, resulting in a per-car delivery price of roughly 9,800 yuan (round 1,400 USD). As compared, BYD’s home revenue per car in 2023 was solely about 9,000 yuan (1,200 USD). Whereas its abroad revenue per car is above 5,000 USD.
With its personal operated fleet, BYD can cut back per-vehicle delivery prices to five,600–7,000 yuan (800–1,000 USD), which is a 30%–40% lower in comparison with leasing vessels. Primarily based on an estimated export quantity of 500,000 automobiles in 2024, by constructing its personal ships, BYD might save the corporate roughly 10 billion yuan (1.4 billion USD) yearly.
In 2024, China’s complete car exports reached 5.859 million models, marking a 19.3% enhance in comparison with 2023. Among the many prime ten automakers in car exports, BYD, with 433,000 models shipped—achieved the very best 71.8% development price in comparison with 2023. Chery nonetheless holds the primary place, delivery over 1.14 million vehicles aboard. The second place belongs to SAIC, which shipped 0.92 million models within the yr 2024.
Supply: Weibo
