- BYD sold 89,047 NEVs overseas in May, marking the sixth consecutive month of record-breaking sales.
- BYD’s passenger BEVs saw a year-on-year increase of 39.60 percent in May, while PHEVs declined by 6.26 percent.
BYD (HKG: 1211, OTCMKTS: BYDDY) reported new energy vehicle (NEV) sales in May that were largely flat from April, with overseas sales showing strong growth.
The company sold 382,476 vehicles in May, representing a year-on-year increase of 15.27 percent and a month-on-month increase of 0.63 percent, according to data released today.
BYD ceased production and sales of vehicles powered solely by internal combustion engines in March 2022, shifting its focus to the production of plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs).
BYD’s NEVs include both passenger vehicles and commercial vehicles. Passenger NEVs sold 376,930 units in May, up 14.05 percent year-on-year and up 1.16 percent month-on-month.
Commercial NEVs sold 5,546 units in May, up 317.31 percent year-on-year but down 25.80 percent month-on-month.
Among passenger NEVs in May, BEV sales reached 204,369 units, up 39.60 percent year-on-year and up 4.41 percent month-on-month.
BYD’s passenger PHEV sales in May totaled 172,561 units, down 6.26 percent year-on-year and down 2.44 percent month-on-month.
This marks the second consecutive month of year-on-year decline in BYD’s passenger PHEV sales, as well as the second consecutive month of sales below BEVs.
The company sold 89,047 NEVs overseas in May, marking the sixth consecutive month of record-breaking sales. This represents a year-on-year increase of 137.46 percent and a month-on-month increase of 12.60 percent.
In addition to being China’s largest NEV manufacturer, BYD is also China’s second-largest power battery manufacturer.
BYD’s power battery and energy storage battery installations in May totaled about 28.476 GWh, up 101.12 percent year-on-year and up 7.55 percent month-on-month.
In January-May, BYD’s NEV sales reached 1,763,369 units, representing a year-on-year increase of 38.70 percent.
Its passenger NEVs sold 1,735,643 units in January-May, up 37.00 percent year-on-year.
Commercial NEVs sold 27,726 units in January-May, up 531.43 percent year-on-year.
BYD’s passenger BEV sales for January-May totaled 816,497 units, up 40.54 percent year-on-year.
Sales of passenger PHEVs from January to May reached 919,146 units, up 33.99 percent year-on-year.
BYD’s NEV sales overseas from January to May reached 374,217 units, up 112.13 percent year-on-year.
BYD’s power battery and energy storage battery installation capacity from January to May was about 107.507 GWh, up 90.43 percent year-on-year.
BYD’s car sales target for 2025 is 5.5 million units, including more than 800,000 in overseas markets, according to local media.
