BYD exceeds 1 million EV sales in 2024, after record-breaking August performance
China's electric vehicle powerhouse BYD has sailed past 1 million EV sales in 2024, following an exceptional August performance. This cements BYD's leading position in the EV market.
The company reported selling a staggering 373,082 new energy vehicles (NEVs) in August, including both plug-in hybrids (PHEVs) and all-electric vehicles. This remarkable figure eclipses BYD's previous record of 342,383 NEVs set in July, marking the third consecutive month of record-breaking NEV sales.
Plug-in hybrids played a significant role in this growth, with 222,384 units sold in August, a substantial 73% increase compared to August 2023. This marks the sixth month in a row of record PHEV sales for BYD. As of August 2024, BYD has sold over 1.3 million PHEVs, a 43% increase from the approximately 886,000 sold in the same period last year.
While PHEVs are driving much of the growth, BYD's all-electric vehicle sales also remain strong. The company sold 148,470 EVs last month, a modest 2% increase year-over-year but a notable 15% increase from July. This growth was sufficient to propel BYD past the 1 million EV sales milestone for 2024.
China's BYD surpasses 1 million EV sales in 2024, fueled by record-breaking August performance.
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