China’s largest electric vehicle maker BYD sold 480,186 new energy vehicles (NEVs) in November, the company’s highest monthly total so far this year, though volumes remained below the same period last year for a third consecutive month.
November sales fell 5.25% from a year earlier but rose 8.71% from October, according to company data. Passenger NEV sales reached 474,921 units, down 5.77% year on year but also up 8.71% month on month. Commercial NEV sales totalled 5,265 units, up 87.97% from a year earlier and 8.56% higher than in October.
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Passenger battery-electric vehicle (BEV) sales climbed to 237,540 units in November, up 19.93% year on year and 6.73% higher than October. Passenger plug-in hybrid electric vehicle (PHEV) sales reached 237,381 units, but fell 22.41% from a year earlier, marking the eighth consecutive month of annual decline for that segment, despite a 10.77% monthly increase.
BYD also posted a record month for exports, shipping 131,935 NEVs overseas in November, a 325.91% surge from a year earlier and a 57.25% rise from October, underscoring the company’s accelerating international expansion.
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In addition to vehicle manufacturing, BYD remains China’s second-largest power battery producer. Its combined power battery and energy storage battery installations reached about 27.669 gigawatt-hours in November, an increase of 23.13% from a year earlier and 1.12% from October.
Last month, BYD said vehicles equipped with its “God’s Eye” intelligent driving system had surpassed 2 million cumulative sales as of the end of October, highlighting the rapid expansion of its assisted-driving portfolio.
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BYD is also pursuing aggressive overseas growth. The company aims to sell between 1.5 million and 1.6 million vehicles in overseas markets in 2026, according to a Citi report that cited a recent meeting with BYD’s management and was quoted by Reuters. That compares with expected 2025 overseas sales of 900,000 to 1 million units.
In Europe, BYD plans to double its sales network by the end of next year as part of a broader regional expansion, targeting about 1,000 points of sale by the end of 2025, a senior company executive told Reuters last month.
