The 1,000,804 NEVs that BYD bought in Q1/2025 are a 59.8 per cent improve in comparison with the identical interval final yr. Of those, 986,098 automobiles have been within the passenger automobile phase, with the remaining 14,706 models being industrial automobiles. BYD has not produced any pure combustion engines since 2022, so NEV gross sales correspond to whole gross sales.
A have a look at the passenger automobile phase exhibits that there have been 416,388 battery-electric vehicles, 38.7 per cent greater than in 2024. Nevertheless, the expansion price for plug-in hybrids was even stronger. PHEV gross sales elevated by 75.7 per cent to 569,710 models. The underside line is that 42.2 per cent of NEV passenger automobiles bought have been absolutely electrical, whereas 57.8 per cent have been PHEVs.
BYD recorded even quicker development within the industrial car sector, with gross sales up 688.5 per cent to 14,706 models. Nevertheless, BYD doesn’t reveal what number of of those are BEVs and what number of PHEVs. As an alternative, the corporate breaks the determine down additional into 1,127 buses (+41.8 per cent) and 13,579 different industrial automobiles (+1,169 per cent), presumably vans and vans.
Along with the quarterly figures, BYD additionally printed figures for March. These present that 72,723 of the 395,091 NEVs produced have been exported. That is value mentioning as a result of BYD plans to double its exports from 417,204 automobiles in 2024 to 800,000 automobiles in 2025.
Final yr, BYD bought a complete of round 4.25 million battery-electric vehicles and plug-in hybrids, roughly the identical quantity as Ford. BYD goals to considerably improve this determine in 2025. Though the roughly a million NEVs from Q1/2025 would solely add as much as 4 million NEVs over the yr. Nevertheless, the primary few months of the yr in China are historically moderately weak. Because the above-mentioned development of 59.8 per cent in comparison with the identical quarter of the earlier yr exhibits, BYD is already properly on the way in which to promoting considerably extra vehicles over the yr.
BYD, which was based 30 years in the past in Shenzhen, additionally introduced its enterprise figures for 2024 just a few days in the past. It achieved an working revenue of round 777 billion yuan (99.3 billion euros) in 2024, a rise of 29 per cent in comparison with the earlier yr. Barely greater than 617 billion yuan (78.9 billion euros) got here from, vehicles and associated merchandise. Whole income rose by 34 per cent to a report 40.3 billion yuan (5.15 billion euros).
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