BYD sets new sales record of 342,000 NEVs, despite slower EV sales
BYD's July sales report is out and the company was able to beat its previous record of 341,658 of sold NEVs in June. July shipments amount to 342,383 NEVs. New Energy Vehicle is an umbrella term for BEV, PHEV and EREV, so 130,000 of those are pure EVs. That's a 10% drop compared to June.
On the other hand, hybrids continue to gain momentum. In July, the company sold 210,799 plug-in hybrids. That's a 67% increase year-over-year and 8% up from June. Overall, BYD's NEVs recorded a 30% increase year-on-year.
For the first seven months of 2024, BYD sold 1,955,366 NEVs, a 29% increase compared to the same period last year. However, BEVs slipped 14% compared to 2024, so it's mostly thanks to the tremendous PHEV growth that BYD maintains a positive sales trend. The automaker shipped 1,091,791 PHEVs this year alone.
The overseas sales contribution is modest, with BYD reporting 30,014 vehicles sold worldwide. Still, that's a healthy 11% growth from June 2024.
Reader comments
- Anonymous
Let's not delude ourselves. If BYD was more aggressive in expanding and even more competitive in pricing, then EU would have applied additional tariffs even sooner. It would need to make the cars in EU, but then they would mostly loose the com...
- 05 Aug 2024
- 0C2
Probably not, they had their time to shine ... to shine big, but they managed to expand extremely slowly, and now they pretty much lost the momentum. Their pricing in Europe certainly did not help with their expansion + Teslas discounts ... I had h...
- 03 Aug 2024
- 3D9
- Anonymous
in g7 countries, no. the rest of the world, where the majority of people/consumers are, yes. start with phev, then transition to ev. byd makes more than just passenger cars.
- 03 Aug 2024
- gnw