BYD shatters sales records with over 4 million NEVs sold in 2024
BYD has announced record-breaking new energy vehicle (NEV) sales for December 2024 and the full year. The company sold a staggering 514,809 NEVs in December alone, marking its seventh consecutive month of record sales. That's a 50.95% increase from the same period last year and a 1.58% increase from November 2024. BYD's total sales for 2024 reached an astounding 4.27 million NEVs. That's a 41.26% increase year-on-year.
BYD's success can be attributed to its diverse product portfolio, competitive pricing, and expansion into overseas markets. The company has a huge portfolio of passenger and commercial NEVs and in December it sold a record 509,440 passenger and 5,369 commercial vehicles.
The company's focus on plug-in hybrids has also contributed significantly to its sales growth. In 2024, BYD sold 2,485,378 passenger PHEVs, a 72.83% increase year-on-year. BYD also saw steady growth in its battery electric vehicle (BEV) segment, selling 1,764,992 passenger BEVs in 2024, a 12.08% improvement year-on-year. It's worth pointing out that BYD sold only 25,000 BEVs less than
Tesla last year.
BYD's overseas expansion has fueled its sales momentum. The company sold 417,204 units in overseas markets in 2024, a 71.86% increase year-on-year. In December alone, BYD sold 57,154 vehicles overseas, a significant increase from both the previous year and the previous month.
BYD's record-breaking NEV sales in 2024 solidify its position as a global leader in the electric vehicle market.
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