Hundreds of new BYD vehicles awaiting export at a Chinese port terminal.
BYD reported a significant sales increase for June, with global sales reaching 403,472 all-electric and plug-in hybrid vehicles. This growth was largely attributed to a record performance in overseas markets, which saw a nearly 95% year-on-year increase, totaling 175,349 vehicles sold. This expansion abroad significantly bolstered BYD’s overall figures, even as its domestic Chinese market experienced a 22% year-on-year decline in new energy vehicle (NEV) sales, with 228,123 units sold domestically.
The strong performance in international markets means that overseas sales now constitute 43% of BYD’s total NEV sales for June, highlighting exports as a critical engine for growth. While the company saw a 2.6% decrease in Battery Electric Vehicle (BEV) sales, this was counterbalanced by a 14.7% rise in Plug-in Hybrid Electric Vehicle (PHEV) sales. Furthermore, BYD’s commercial vehicle segment also demonstrated robust growth, with sales up by 24.7%.
For the second quarter of the year, BYD sold 1.108 million NEVs, a 3.2% decrease compared to the same period last year, but a substantial 58% increase from the first quarter. Cumulatively, BYD’s sales for the first half of the year reached 1.81 million vehicles, with nearly 44% of these sales originating from international markets. Analysts suggest that the company’s resurgence may be linked to the recent introduction of its second-generation Blade Battery technology and the expansion of its premium vehicle offerings, including the new Da Tang D-segment SUV.
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