BYD Sold Record 37,000 Electric Cars In December 2018

JAN 14 2019 BY MARK KANE 10

BYD shows real potential. Will it sell 500,000 plug-in cars in 2019?

BYD did its best in December showing stunning sales performance. The Chinese company sold 37,010 passenger plug-in electric cars, which surprises even those who expected an unprecedented month! It’s 133% more than a year ago and the 7th straight record! December’s result was also 8,271 higher thathe n previous record in November.

Plug-in car sales stands for 81% of overall car sales for the brand. If only BYD would be able to keep suca h rate for 12 months, annual sales would be close to 450,000.

BYD plug-in electric car sales in China – December 2018

The total, sales of BYD cars in China increased this year to 227,152 (up 109% year-over-year), and far exceeded the goal of 200,000.

It’s not enough to stay the best-selling plug-in car manufacturer in the world (Tesla delivered around 245,240 all-electric cars), even if we would assume a minor number of BYD sales outside China.

However, BYD said that the total plug-in electric vehicle sales amounted 247,811 (more than Tesa), when taking into consideration 20,659 commercial vehicle (buses, trucks). We are however sceptical of such a comparison.

December 2018 brings big numbers for particular models – BYD offers six plug-in models and two of those models are available in both BEV and PHEV versions.

Four cars noted all-time records, with e5 and Yuan BEVs exceeding 8,000 in a single month! The plug-in hybrid Tang is approaching  7,000.

BYD sales breakdown:

  • Qin PHEV – 4,654 (new record)and 47,425 YTD
  • e5 – 8,234 (3rd straight new record) and 46,213 YTD
  • Song PHEV – 4,544 and 39,318 YTD
  • Tang PHEV – 6,807 (4th straight new record) and 37,146 YTD
  • Yuan BEV – 8,021 (7th straight new record) and 35,699 YTD
  • Qin BEV – 1,345 and 10,527 YTD
  • e6 – 2,096 and 6,508 YTD
  • Song BEV – 1,309 and 4,316 YTD

Comparison of BEV and PHEV sales:

Categories: BYD, China, Sales

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10 Comments on "BYD Sold Record 37,000 Electric Cars In December 2018"

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BYD may be Tesla’s most difficult competition in China.

They’re both EV manufacturers, so allies, not competitors. The competitors are the ICE manufacturers. At this stage of the game, every company building EVs only legitimizes them further and helps promote all EVs. It’s not until you start seeing demand leveling off that they end up competiting for each other’s customers.

Tesla sales in China have completely ground to halt since early summer.

There is no competition, Tesla doesn’t have a chance

That’s like saying that, say, Kia is the most difficult competition to Mercedes… Sure, they both make cars (electric ones in this case) — but that doesn’t make them competitors.

“Plug-in car sales stands for 81% of overall car sales for the brand. ”

Maybe in December, but it was about 50% for 2018. NEVs tend to peak the last months of the year.

“The total, sales of BYD cars in China increased this year to 227,152 ”

BYD sold ~500k cars for the year. 227k is NEV cars. They also sold 12-13k EV buses and 7k “other”.

Not to underrate BYD, which for sure is an important competitor, but i wouldn’t compare it to Tesla because BYD sells PHEV+BEV, while Tesla only BEV

That’s fantastic, 37,010 vehicles is cool.
So Tesla beat BYD by a big 18,000 margin.
Including heavy vehicles, BYD beats Tesla, but 100% of Tesla’s vehicles are fully electric while many of BYDs are plugin hybrids which has around 50 km range.

Overall Tesla would have saved lot more gasoline than BYD which saved a combo of gasoline and diesel.
So let’s celebrate Tesla’s victory.
2019 will be a whole different game and easily BYD will overtake Tesla again.

Most new/refreshed PHEV models in China probably do 100 km NEDC?

I don’t see how BYD would easily overtake Tesla in 2019. They might edge them out, but not by much. Tesla should sell at least 450,000 in 2019; quite possibly >500,000.

On a side note,… China imported 10% more oil in 2018 than it did in 2017. (close to 1 Mbpd)

/ and 30% more in December than December 2017.
https://www.reuters.com/article/china-economy-trade-crude/update-1-china-dec-crude-imports-at-2nd-highest-gas-imports-at-record-idUSL3N1ZA3GU?rpc=401&

I’m rather doubtful about BYD getting anywhere near 500,000 in 2019. They saw an enormous growth in 2018 — but that was basically just recovering from a weak 2017, now that they have a full lineup of new/refreshed models, making them competitive again. 2019 is more likely to see growth more or less in line with the overall market.

And with subsidies dropping, I think the overall market might grow a little less than it did in 2018, too.

IIRC BYD itself is targetting 350,000 for 2019? That sounds about right I’d say, if they can keep up momentum…