China’s largest new energy vehicle (NEV) company, BYD, has reported impressive sales figures for March 2023, with 207,080 NEVs sold during the month. This marks a 97.45% increase from the same period last year and a 6.93% increase from February 2023.
The company discontinued the production and sales of vehicles powered by internal combustion engines in March 2022, and has since focused on producing plug-in hybrid vehicles (PHEVs) and battery electric vehicles (BEVs).
BYD’s NEVs include passenger cars and commercial vehicles, with sales of 206,089 passenger NEVs in March alone. This is up 97.52% from the same period last year and up 7.53% from February. Among these passenger NEVs, 102,670 were BEVs, while 103,419 were PHEVs.
BYD’s commercial NEVs sold 991 units in March, up 83.52% from the same period last year but down 50.23% from February.
Although BYD experienced a decrease in overseas sales figures for NEVs in March, the company remains the second-largest manufacturer of power batteries in China.
Furthermore, BYD’s installed power and storage battery capacity has increased significantly from last year, with a total capacity of 9.891 GWh in March 2023, up 84.77% from the same period last year.
In the first quarter of 2023, BYD sold a total of 552,076 NEVs, up 92.81% from the same period last year. However, this is a 19.22% decrease from the fourth quarter of 2022. Passenger NEV sales in the first quarter were 547,917 units, up 92.43% year-on-year but down 19.67% from the fourth quarter of last year.
Overall, BYD’s March 2023 sales figures demonstrate the company’s continued success in the NEV market, and its commitment to producing environmentally-friendly vehicles.
