BYD Sold 88,898 Passenger Cars in October, Up 249% YoY

On Thursday, BYD Group released its latest production and sales report at the Shenzhen Stock Exchange. The firm’s data show that in October, BYD produced 89,000 units and sold 89,900 vehicles, up 87.65% and 88.42% year-on-year, respectively. In addition, BYD sold 81,000 new energy vehicles (NEVs) during the month, up 249% from a year ago and accounting for 90% of all passenger car sales.

The announcement said that BYD has cumulatively produced 550,000 and sold 543,000 vehicles from this January to October, a year-on-year increase of 73.70% and 71.35%, respectively. The cumulative sales volume of NEVs was 419,000 vehicles, up 212.03% year-on-year.

The sales proportion suggests that in October, BYD sold 38,771 DM models and 41,232 EV models, together accounting for 90% of all passenger car sales.

Dolphin is the first model made on BYD’s E Platform 3.0. This model was released not long ago, and saw sales reaching 6,018 units in October, up 100.6% from September, making it the fastest growing pure electric model.

This year has seen a significant change in BYD’s overall sales pattern. As many new technologies, such as blade battery and DM-i super hybrid systems, are put into use, BYD NEVs are selling like hot cakes.

However, limited by production capacity, some users who ordered DM-i super hybrid models haven’t received their new cars yet. Regarding this matter, Wang Chuanfu, Chairman and President of BYD Group, publicly apologized to users at the BYD E Platform 3.0 Press Conference in September this year.

SEE ALSO: BYD’s Q3 Net Profits Fall 27.5%

Since BYD announced the official layout of its DM-i super hybrid technology models at the beginning of 2021, the market reportedly sees great demand, and some cities encountered a backlog of orders. It may even take as long as three months to deliver Qin Plus DM-i models.

Sales of NEVs significantly outnumber that of fuel vehicles. This suggests that BYD will be the world’s first automobile company to fully transform from traditional fuel vehicles to NEVs.