BYD becomes the first automaker to stop the production of oil-fueled vehicles from March 2022

The Chinese automaker BYD announced on April 2 that will stop to produce oil-fuel vehicles. The Warren Buffett-backed company quadrupled its deliveries with a total of 106,658 New energy vehicles: 54,684 BEV and 51,434 PHEV units. The result represents an increase of 416.96% when compared to March 2021.

“To align with the requirements of the Company’s strategic development, the company has stopped the production of Oil-fueled vehicles since March 2022. In the future, in terms of automobile business segment, the Company will focus on the businesses of Battery Electric vehicles and Plug-in Hybrid electric vehicles.

Meanwhile, BYD will continue to produce and supply the components of Oil-fueled vehicles, so as to continuously provide comprehensive services and after sale guarantees to the existing customers of Oil-fueled vehicles. With supply of components for the full life cycle of the Oil-fueled vehicles, the company can ensure the carefree experience and smooth travel for thecustomers.”

Recently, the company announced that it is building its next-generation fleets on the NVIDIA’S DRIVE Hyperion architecture. This platform, based on DRIVE Orin, is now in production, and powering a wide ecosystem of 25 EV makers building software-defined vehicles on high-performance, energy-efficient AI compute. The open DRIVE Hyperion 8 platform allows these companies to individualize this programmable architecture to their needs, leveraging end-to-end solutions to accelerate autonomous driving development.