Recently, at the international science and technology industry enterprise day held by Zhaoyin international, the management of BYD electronics company disclosed the progress of its e-cigarettes project.
BYD electronics said that the mass production of e-cigarettes is expected to speed up in the second half of 2021. It has installed 40 automatic production lines for e-cigarettes, with a daily output of 4 million at full load, accounting for 30% of the market demand. BYD electronics believes that the recent tightening of government supervision on the e-cigarette industry will raise the entry threshold and benefit the leading enterprises with strong R & D capabilities.
According to the research report released by Zhaoyin international, it is conservatively estimated that BYD's e-cigarette sales will reach 2 billion yuan in 2021 and 2.6 billion yuan in 2020. According to the report, BYD e-cigarette is expected to achieve growth in the second half of 2021, and the recent policy is good for BYD.