BYD, a leading Chinese manufacturer of new energy vehicles (NEVs), continues to make impressive strides in the industry as it reports another record-breaking sales performance. Data released today reveals that BYD sold a total of 253,046 NEVs in June, marking an 88.79% increase from the 134,036 units sold during the same period last year and a 5.34% growth compared to the previous month’s figure of 240,220 units.
This remarkable achievement is a testament to BYD’s strategic decision to discontinue the production and sale of internal combustion engine vehicles in March of last year. The company swiftly redirected its focus towards manufacturing plug-in hybrids and pure electric vehicles, which has evidently paid off in terms of sales success.
See also: BYD Launches Dolphin Electric Vehicle in Australia, Starting at A$38,890 ($26,000)
BYD’s NEV sales encompass both passenger cars and commercial vehicles, with passenger NEVs accounting for the majority of the June figures. Specifically, the company sold 251,685 passenger NEVs, reflecting an impressive year-on-year growth of 109.39% from the 133,762 units sold in June 2022, and a month-on-month increase of 5.27% from the 239,092 units sold in May.
In the commercial NEV segment, BYD sold 1,361 units in June, showcasing a substantial growth of 396.72% compared to the 274 units sold during the same period last year. Furthermore, the commercial NEV sales saw a notable month-on-month increase of 20.66% from 1,128 units in May.
Analyzing the passenger NEV segment, battery electric vehicles (BEVs) were particularly popular, accounting for a significant portion of BYD’s sales. In June, the company sold 128,196 BEVs, reflecting a substantial year-on-year growth of 84.34% from the 69,544 units sold in June 2022, and a month-on-month increase of 7.18% from the 119,603 units sold in May.
See also: BYD Dolphin Electric Vehicle Set to Make Waves in Europe this Summer
Moreover, passenger plug-in hybrid vehicles (PHEVs) also contributed to BYD’s success in the passenger NEV segment, with sales of 123,489 units in June. This indicates a robust year-on-year growth of 92.30% from the 64,218 units sold in the same month last year, and a month-on-month increase of 3.35% from the 119,489 units sold in May.
While achieving remarkable sales figures domestically, BYD also made progress in overseas markets. The company sold 10,536 NEVs in June, marking a 3.26% increase from the 10,203 units sold in May. It is worth noting that BYD only began announcing overseas NEV sales figures in July 2022, making this a significant development for the company’s international expansion.
Aside from being China’s largest NEV company, BYD has also established itself as the country’s second-largest power battery manufacturer. In June, the company’s installed power and storage battery capacity reached approximately 11.816 GWh, showcasing a substantial year-on-year growth of 72.27% from the 6.859 GWh reported in the same month last year. Additionally, this figure represents a 2.85% increase from May’s capacity of 11.489 GWh.
