BYD, a leading Chinese new energy vehicle (NEV) maker, saw a decline in its NEV sales in January. The company reported 151,341 units sold, which was up 62.44% from the same month a year prior, but still marked a 35.65% decrease from December’s sales. This dip in sales was attributed to the impact of the Chinese New Year holiday.
As of March 2022, BYD no longer produces and sells vehicles powered by internal combustion engines and all its vehicles are now NEVs. This includes both passenger cars and commercial vehicles, of which 150,164 units and 1,177 units were sold in January respectively.
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Among passenger vehicles, battery electric vehicles (BEVs) performed well with 71,338 units sold, a 53.79% increase from January of the previous year. However, this was still a 36.27% decrease compared to December’s sales.
In January 2023, BYD, the largest New Energy Vehicle (NEV) company in China and the second-largest power battery manufacturer, saw a significant increase in its plug-in hybrid electric vehicle (PHEV) sales. The company sold 78,826 PHEVs, a 69.37% increase compared to 46,540 units sold in the same month the previous year.
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However, these sales were down 35.74% compared to December. Despite this decline, BYD’s sales of NEVs in overseas markets saw a decrease of 8.05% with 10,409 units sold compared to 11,320 units in December. The company started reporting overseas NEV sales figures in July 2022.
Additionally, BYD’s installed power and energy storage battery capacity in January 2023 was 8.148 GWh, a 70.82% increase from 4.770 GWh in the same month the previous year. However, this was a 26.94% decrease from 11.152 GWh in December.
