Last month the biggest Chinese NEV player sold 13,064 plug-in cars, which is 49% less than a year ago and 40% of the total car volume for the brand.
It's clear that results are gradually improving from the worst months, but it's not a particularly fast process. The year-over-year results might finally improve in July, because it was the first month of lower subsidies in 2019 and the beginning of the decline. Additionally, BYD should benefit from its new Han model (in June no sales were noted yet).
BYD plug-in electric car sales in China – June 2020
BYD sales breakdown
Most of the sales this year are all-electric cars:
- BEVs: 9,907 (down 47% year-over-year)
- PHEVs: 3,157 (down 55% year-over-year)
After the first six months, total sales was 57,447, down 59% year-over-year.
Sales by models - month (and year-to-date) result
- Qin BEV (Qin and Qin Pro) – 4,883 (23,193 YTD)
- Yuan BEV – 1,737 (8,758 YTD)
- e2 - 1,517 (6,848 YTD)
- Tang PHEV – 1,197 (5,167 YTD)
- Song BEV – 1,086 (4,795 YTD)
- Song PHEV – 1,060 (3,655 YTD)
- Qin PHEV – 651 (1,785 YTD)
- Tang BEV - 258 (974 YTD)
- e3 - 289 (818 YTD)
- e1 - 137 (770 YTD)
- Song MAX PHEV - 249 (581 YTD)
On the positive side, in June the company increased sales of plug-in commercial vehicles (trucks - 1,101 and buses - 1,010).