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BYD just nabbed another ‘world’s first’ milestone as record sales run heats up

Baua Electric

After its fifth straight record sales month, BYD is now closing in on top global automakers like Ford. October was BYD’s fifth straight record-breaking month for NEV sales, including plug-in hybrid (PHEV) and battery electric (EV) models. New facilities are coming online soon in Hungary, Brazil, Pakistan, Turkey, and Mexico.

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BYD plots another overseas EV plant: Here’s why that could be a bigger deal than you think

Baua Electric

The facility will kick off BYD’s entry into Pakistan, the fifth-most populated country in the world. BYD store in Thailand (Source: BYD) BYD plans new EV plant for Pakistan To fuel its expansion, BYD has opened or plans to open new EV plants in key overseas markets. BYD opened its first EV plant in Thailand last month.

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BYD just hit the 1 million EV sales mark for 2024 after a record-breaking August

Baua Electric

BYD topped the 1 million EV sales mark following a record-breaking August. BYD tops 1 million in EV sales for 2024 After selling another 145,627 electric vehicles last month, BYD has now sold over 1 million EV sales in 2024. BYD has now set a new NEV sales record for three consecutive months. BYD has now sold over 1.3

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BYD overcomes China’s intense EV price war as record car sales lead to Q2 profit surge

Baua Electric

BYD credited the Q2 profit surge to rebounding vehicle sales, which reached a new record. BYD record vehicle sales lead to higher Q2 profits BYD announced net income reached RMB 9.06 Despite slashing prices and launching more affordable EVs, BYD’s bottom line nearly doubled from the first three months of 2023 (+98%).

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BYD surges past Honda and Nissan’s sales for the first time, targets Ford with low-cost EVs

Baua Electric

Affordable EVs driving demand According to MarkLines (via Nikkei ), BYD’s new vehicle sales climbed 40% between April and June to 980,000. A big part of BYD’s surging sales numbers is its incredibly affordable electric cars. Meanwhile, much of BYD’s success this year is thanks to growing overseas sales.

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BYD takes over as China’s largest auto group with low-cost EVs dominating the market

Baua Electric

BYD tops SAIC to become China’s largest auto group After sales surged by 62%, with over 3 million vehicles sold last year, BYD officially became China’s best-selling brand. BYD is now China’s largest auto group after topping SAIC in September sales. September was BYD’s fourth consecutive record-breaking sales month.

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BYD is now the world’s largest automaker by R&D workforce after major hiring spree

Baua Electric

With over 900,000 employees, BYD aims to continue climbing the global sales charts as it advances new tech to promote longer-range, more affordable EVs. In August, BYD sold over 373,000 new energy vehicles (NEVs), setting a new NEV sales record for the third straight month.

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