BYD Sold Over 500,000 Cars in October 2024, Breaking Records

Islamabad, Nov 2: BYD Sold Over 500,000 Cars in October 2024, Breaking Records

In October, BYD delivered 500,526 electric passenger vehicles, a 66% increase from the 301,095 units delivered in the same month the year before. Additionally, this number is a 20% increase over the 417,603 units sold in September.

BYD sold 3,236,927 electric cars between January and October 2024, a 36% increase over the same time the previous year. Although the business dismissed speculations that it will raise the goal to 4 million, BYD’s 2024 ambition is to sell 3.6 million vehicles.

New Energy cars (NEVs), including plug-in hybrids (PHEVs) and all-electric cars (BEVs), make up BYD’s sales. In April 2022, BYD ceased selling automobiles with only internal combustion engines (ICEs). 502,657 NEVs, including commercial vehicles, were sold in October, and 536,134 were produced, for a total of 3,283,439 units produced in 2024.

31,192 NEVs were sold internationally by BYD, with 28,012 of those units having already been exported. With a year-to-date capacity of 148.738 GWh, BYD’s energy storage and EV battery installations for October totaled 21.018 GWh.

Plug-in hybrid vehicles (PHEVs) increased to 62.1% of October sales, while the company’s all-electric car share decreased little to 37.9%. In October, BYD sold 189,614 BEVs and 310,912 PHEVs, with PHEV sales still surpassing BEV sales since February.