- BYD, the world’s leading manufacturer of new energy vehicles, achieved record–high NEV sales for the sixth consecutive month in October 2023.
- In October 2023, BYD achieved a total monthly sales of 301,833 NEVs, an increase of 38.4% compared to the same month last year.
- So far this year, BYD has sold over 2.37 million new energy passenger cars worldwide, and the cumulative number of new electric vehicles sold by BYD now stands at more than 5.7 million units.
BYD, the world’s leading manufacturer of new energy vehicles, achieved record-high NEV sales for the sixth consecutive month in October 2023. This follows a record sales performance posted by BYD in the preceding third quarter. BYD has so far in 2023 sold over 2.37 million new energy passenger cars, with cumulative NEV sales now surpassing 5.7 million units, further crystallizing the brand’s No.1 ranking for NEV sales on a worldwide scale.
BYD sold 301,833 units of new energy passenger vehicles in October 2023, surpassing the 300,000-unit threshold for the first time. This comes on the back of BYD accomplishing record-high car sales six months in a row. Such a consistently strong performance and increasing market share has been pivotal to BYD becoming No. 1 in the world for NEV sales and the top five global car brand in terms of all car sales in 59 countries, including China, the EU (European Union), the UK, Japan, and Korea.
Fundamental to this robust performance is consumer demand for BYD’s innovative electric car range. Continuous investment in technological innovation enables BYD to produce new energy vehicle products that are well-suited to consumers’ needs. In the first three quarters of this year, BYD’s R&D investment amounted to 24.938 billion yuan (about 3.21 billion euros), an increase of 129.42% year-on-year, with R&D costs significantly exceeding net profit for the same period.
BYD’s passenger vehicles have now entered markets in 58 countries and regions around the world. BYD’s regional presence has been elevated further following the formation of strategic partnerships with high-profile dealer groups providing localised sales and aftersales services in their respective countries. Specifically in the European market, BYD has launched in 19 European countries with five new EV models and opened more than 170 stores in prime city locations. BYD is committed to offering accessible choices for green mobility, combining value with premium high-tech, as well as inspiring retail experiences, with the reassurance of high levels of local customer care.
Expanding its new energy vehicle footprint to over 400 cities in 70 countries and regions, spanning 6 continents, BYD’s eco-friendly solutions are reducing the equivalent of over 40 million tonnes of carbon emissions as of October 2023, underlining the company’s commitment to sustainability and vision to ‘Cool the Earth By 1°C’.
About BYD
BYD is a multinational high-tech company devoted to leveraging technological innovations for a better life. Founded in 1995 as a rechargeable battery maker, BYD now boasts a diverse business scope covering automobiles, rail transit, new energy, and electronics, with over 30 industrial parks in China, the United States, Canada, Japan, Brazil, Hungary, and India. From energy generation and storage to its applications, BYD is dedicated to providing zero-emission energy solutions that reduce global reliance on fossil fuels. Its new energy vehicle footprint now covers 6 continents, over 70 countries and regions, and more than 400 cities. Listed in both Hong Kong and Shenzhen Stock Exchanges, the company is known to be a Fortune Global 500 enterprise that furnishes innovations in pursuit of a greener world.
About BYD Auto
Founded in 2003, BYD Auto is the automotive subsidiary of BYD, a multinational high-tech company devoted to leveraging technological innovations for a better life. Aiming to accelerate the green transition of the global transportation sector, BYD Auto focuses on developing pure electric and plug-in hybrid vehicles. The company has mastered the core technologies of the entire industrial chain of new energy vehicles, such as batteries, electric motors, electronic controllers, and automotive-grade semiconductors. It has witnessed in recent years significant technological advancements, including the Blade Battery, the DM-i and DM-p hybrid technology, the e-Platform 3.0, and the CTB technology. The company is the world’s first carmaker to stop the production of fossil-fueled vehicles on EV shift and has remained top of new energy passenger vehicle sales in China for 9 years in a row.
About BYD Europe
BYD Europe is headquartered in the Netherlands and is the first overseas branch of BYD Group, with a commitment to delivering safe and efficient sustainable solutions in new energy vehicles through world-leading technological innovations.