BYD sold 504,003 passenger vehicles in November, up 67.2% from 301,378 units last year and 0.7% from the previous October, creating a new monthly record. BYD sales are over half a million vehicles a second consecutive month.
In 2024 (January to November), BYD sold 3,740,930 passenger vehicles, up 40.0% from the same period last year. BYD’s official target is to deliver 3.6 million vehicles in 2024, which was already exceeded in November. In September, BYD denied it raised the annual target to 4 million.
The released sales data shows new energy vehicles (NEVs), which are Chinese terms for all-electric vehicles (BEVs) and plug-in hybrid vehicles (PHEVs). Specifically, it also includes FCEVs (hydrogen), but those sales are almost non-existent in China, and BYD doesn’t sell any FCEVs. BYD ceased sales of entirely ICE cars in April 2022.
BYD’s overseas NEV sales reached 30,977 units in November, and the company claims that 28,141 units have already been exported.
BYD’s EV and energy storage battery installations totaled approximately 22.47 GWh, bringing the cumulative installed capacity in 2024 to about 171.21 GWh.
BYD sales by fuel type
BYD’s all-electric vehicle sales broke the three-consecutive month of brand share decrease and rose 1.4% to 39.3% in November, as BYD delivered 198,065 all-electric cars.
PHEV’s share slightly decreased to 60.7% brand share, as BYD delivered 305,938 plug-in hybrid vehicles in November.
Sales vs production
To sum it up, BYD sold 506,804 vehicles in October, including:
- Passenger NEVs: 504,003 units
- Commercial NEVs: 2,801 units
- Others: 2,352 units
- Buses: 449 units
- BEVs: 198,065 units
- PHEVs: 305,938 units
While it produced 540,588 vehicles, including:
- Passenger NEVs: 536,926 units
- BEVs: 208,859 units
- PHEVs: 328,067 units
- Commercial NEVs: 3,662 units
- Others: 3,213 units
- Buses: 449 units
