The electric vehicle (EV) landscape is buzzing with the latest achievement by BYD, a name that’s becoming synonymous with sustainable transportation. In a remarkable feat, BYD has surpassed its own sales records for plug-in vehicles, selling over 300,000 units in October 2023—a first in the company’s history. This marks their sixth consecutive monthly sales record, signifying not just a streak, but a clear trend in the EV market.
This is a huge jump of 38 percent from the previous year
A staggering 301,095 passenger plug-in cars, including 11,500 high-end Denza EVs, were sold by BYD last month, a jump of 38 percent from the previous year. The twist in this electrifying tale? China‘s roads are predominantly traveled by BYDs, with exports only forming a fraction of the total sales. However, that small slice of exports still represents a record-breaking 30,521 vehicles, underscoring BYD’s expanding global footprint.
Peering under the hood of these figures reveals a preference for all-electric vehicles over plug-in hybrids (PHEVs). Pure electric cars made up an impressive 60 percent increase from the year before, eclipsing PHEVs, which saw a comparatively modest 19 percent growth. This shift might hint at a future where charging replaces fueling entirely, a vision BYD has clearly set its sights on since ceasing production of non-rechargeable cars in March 2022.
So far, BYD’s yearly tally for passenger plug-in sales has soared to over 2.37 million vehicles—a 70 percent climb from last year. This includes a substantial lead for all-electric models, which grew by 77 percent, as compared to the 64 percent for PHEVs.
But what does this mean for the everyday consumer? With BYD’s top-selling models like the Song family leading the charge alongside rising stars like the all-electric Dolphin, it’s evident that there’s a plug-in vehicle for every taste and need. These numbers aren’t just impressive digits on a sales report; they represent a wave of consumers choosing a greener path.
BYD’s ambition for 2023 is to hit the 3 million mark in rechargeable car sales. With the final two months requiring consistent performance, it’s clear that BYD isn’t just running a race; it’s paving a highway to the future of transport, one electric car at a time. Only time will tell if any solid competition stands up to the company.
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