BYD sold 500,526 electric passenger vehicles in October, up 66% from 301,095 the previous year and 20% from the 417,603 units last month.
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Year-to-date (January – October), BYD sold 3,236,927 electric cars, up 36% from the same period last year. BYD’s official target is to deliver 3.6 million vehicles in 2024. The company denied it internally raised the target to 4 million units in September.
The released sales data shows new energy vehicles (NEVs), which are Chinese terms for all-electric vehicles (BEVs) and plug-in hybrid vehicles (PHEVs). To be precise, it also includes FCEVs (hydrogen), but those sales are almost non-existent in China, and BYD doesn’t sell any FCEVs.
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Total NEV sales, including commercial vehicles, were 502,657 units. Production was 536,134 units, and cumulative production in 2024 (January – October) reached 3,283,439 units.
BYD’s overseas sales of new energy passenger vehicles reached 31,192 units, with 28,012 units exported. For the same month, BYD’s NEV power battery and energy storage battery installations totaled approximately 21.018 GWh, bringing the cumulative installed capacity in 2024 to about 148.738 GWh.
All-electric vehicle share kept decreasing in October. BYD sold 189,614 all-electric passenger vehicles, which made up 37.9% of the sales in October, down 1.6% from 39.5% in September.
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PHEV sales were 310,912, contributing 62.1% of the sales, up 2.1% from the 60.0% share in September.
