BYD Global Plug-In Car Sales Hit New Record In June 2024
The company grows mostly thanks to plug-in hybrids.
BYD is not slowing down and set a new plug-in electric car sales record in June, beating its previous highest result in December 2023.
BYD's passenger plug-in car sales amounted to 340,211 units last month, including over 15,000 EVs from its sub-brands. That's 35% more than a year ago when the previous monthly record was 340,178.
Get Fully Charged
BYD's PHEV sales expand quickly
BYD currently grows mostly thanks to its vast lineup of plug-in hybrid models. The growth of all-electric car sales slowed down, and it's not certain whether BYD will be able to beat Tesla in this segment in Q2.
BYD's all-electric car sales in June amounted to 145,179, a bit less than in May. Year-over-year growth was also relatively slow at 13%, indicating that increasing EV sales is not easy.
The company's main area of growth is plug-in hybrids. Last month, the Chinese manufacturer sold 195,032 PHEVs, 58% more than a year ago. Plug-in hybrid sales set the fourth consecutive record, which tells us a lot about the current market.
BYD passenger plug-in car sales last month (YOY change):
- BEVs: 145,179 (up 13%)
- PHEVs: 195,032 (up 58%)
- Total: 340,211 (up 35%)
BYD also sold 1,447 commercial electric vehicles for a total of 341,658 plug-in vehicles last month.
BYD plug-in electric car sales – June 2024
Out of the total number, BYD sold 26,995 plug-ins overseas (up 156% year-over-year), which is almost 8% of the total volume.
The second quarter of 2024 was a record one for BYD. The company sold 982,747 passenger plug-in electric cars, 40% more than a year ago. No other company sells more rechargeable cars than BYD.
However, it's not clear whether BYD will be able to beat Tesla in terms of all-electric car sales. The Chinese company increased EV sales by 21% year-over-year to 426,039, but it might not be enough to beat Tesla. Tesla's numbers are expected to be released on July 2, 2024.
BYD passenger plug-in car sales In Q2'2024 (YOY change):
- BEVs: 426,039 (up 21%)
- PHEVs: 556,708 (up 60%)
- Total: 982,747 (up 40%)
So far this year, BYD has sold over 1.6 million passenger plug-in electric cars, 29% more than last year.
BYD passenger plug-in car sales year-to-date (YOY change):
- BEVs: 726,153 (up 18%)
- PHEVs: 880,992 (up 40%)
- Total: 1,607,145 (up 29%)
For reference, in 2023, BYD sold over 3.0 million passenger plug-in electric cars, 62% more than in 2022. In 2023, BYD became the largest Chinese carmaker and car brand.
In 2024, the result is expected to be noticeably higher than in 2023. The company intends to achieve an average growth rate of over 20%.
Top Models
The Song family, which consists primarily of plug-in hybrids, remains the top nameplate in BYD's lineup, with 70,219 units last month (up almost 66% year-over-year).
Next was the BYD Qin sedan, with 68,450 units (BEV + PHEV), up 55% year over year. It was followed by the all-electric BYD Yuan family (36,222) and BYD Seagull (36,066).
See also
RECOMMENDED FOR YOU
BYD Says It Will Be The World's Largest Automaker In 5 Years. The Pentagon Is Nervous
This Chinese SUV Sold 100,000 Units In Seven Months For A Good Reason
BYD Is Bringing Thousands Of 5-Minute EV Chargers To Europe—And Canada Is Next
VIDEO: The New Xiaomi SU7 Is Very Much Ready For Europe
BMW Has Already Sold Over 10,000 iX3 EVs
Is The $25K Slate Truck Just Too Basic? I Rode In One To Find Out.
Hyundai And Kia's Hybrids Are Crushing It Amid The Gas Crisis