BYD Sold 100,000 EVs In 2016, But December Was Weak (relatively speaking)
BYD sold about 100,000 plug-in electric cars in China last year, which is 70% more than the ~59,000 moved in 2015, and the best result globally (by far) among all automakers.
However the good news ends there, as December was the second month in a row that the company failed to live up to sales expectations.
Last month’s result was actually a 22% drop year-over-year with just 7,798 EVs sold; again, a great result for anyone…anyone but BYD.
The sales issues first appeared in November, and we expressed some concern that BYD would not be able to return its more recent 5-month streak of 10,000+ monthly sales, at least until new models became available.
The best selling model for BYD in 2016 was the Tang plug-in hybrid with more than 31,400 sales, but as you can from the sales data below for December, the company’s all-electric models are currently selling better.
BYD December sales breakdown:
- e6 – 2,528 (20,605 total)
- e5 – 2,420 (15,639 total)
- Qin EV300 – 519 (21,623 total)
- Tang – 1,510 (31,405 total)
- Qin – 821 (10,656 total)