In a recent investors meeting, BYD revealed its possible sales target for this year along with some other information. Apparently, the company’s undelivered orders have racked up and reached 400,000 units, showcasing strong demand for its vehicles.
The Chinese automobile maker’s cumulative undelivered orders have hit 400,000 vehicles. This marks another rise month on month. Meanwhile, the brand had expected to conservatively expects to sell 1.5 million automobile units this year. Although, the company estimates that this figure might go up to 2 million if the supply chain improves over the next couple of months. According to an ITHome report, the company’s Han DM-i based electric vehicles saw robust demand after its launch.
Furthermore, it is expected that the monthly sales of the Han series will also surpass 30,000 units as well. BYD projects that the current rise of raw marterial prices is slowing down; so, if the cost of lithium carbonate remains at the current price, the supply constraints won’t have a major impact on the sales of its new energy vehicles this year. Thus, BYD is expected a penetration rate of new energy vehicles to cross 35 percent this year, or possibly even hit 40 percent.
Notably, we had previously also reported on the company announcing its first overseas sales of its DM-i based EVs. It had already shipped 500 units to Colombia, which has been a staple region for the brand in recent years. This implies that the estimation also includes the relatively smaller foreign market that it targets along with its strong domestic demand.
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