BYD offered 322,846 autos globally in February, rebounding 8.9% from 296,446 models in January, because the Chinese language New Yr vacation is over. The Shenzhen-based automaker exported a record-breaking 67,025 autos, up 187.8% year-over-year.
Firm abroad gross sales have grown for the third consecutive month since November, when it exported 30,977 models.
To gasoline its export ambitions, BYD plans to have eight automotive carriers by 2026. It already has 4 in operation, the newest being the BYD Shenzhen RoRo vessel, which was undocked on January 16 in China. It is usually BYD’s largest provider, with a size of 219 meters and a capability to accommodate 9,200 vehicles.
BYD gross sales knowledge embody BYD-badged vehicles and all its three sub-brands: Denza, Fang Cheng Bao, and Yangwang. Right here is the breakdown of 322,846 offered autos to manufacturers:
- BYD-badged vehicles (Dynasty and Ocean sequence): 304,673 models
- Denza: 8,513 models
- Fang Cheng Bao: 4,942 models
- Yangwang: 105 models
322,846 autos offered final month means a progress of 165.2% year-over-year. Nevertheless, whereas technically appropriate, evaluating February 2024 to February 2025 doesn’t make a lot sense, because it doesn’t inform the entire story.
It is because the Chinese language New Yr (CNY) vacation follows the lunar calendar, that means the date modifications yearly. It usually falls between late January and mid-February, relying on the timing of the brand new moon. This closely impacts January or February gross sales in China, relying on which month CNY falls.
Thus, the right approach to evaluate year-over-year gross sales is to sum January and February and evaluate it with the identical mixed two months the 12 months earlier than.
In Jan+Feb, BYD offered 614,679 autos, up 90% from 322,767 models year-over-year.
BYD exported 133,361 autos in Jan+Feb, up 124% from 59,465 models year-over-year.
BYD offered 4.25 million passenger autos globally in 2024, up 41% from 2023. The corporate exported 417,204 EVs, up 71,9% from 2023, that means exports accounted for about 10% of firm gross sales final 12 months. Analysts anticipate BYD to promote about 5.5 million vehicles in 2025.
BYD ceased manufacturing of ICE-only autos in April 2022, focusing solely on new vitality autos, the Chinese language time period for BEVs, PHEVs, and FCEVs (hydrogen). FCEV gross sales are almost non-existent in China. In 2024, BEV made 42.3% of BYD gross sales, whereas PHEV made 57.7%.
