Seven BYD Models Enter Top 20 Global Plugin Vehicle Sales

The global sales of new energy vehicles topped 1,040,200 in September this year, breaking through the million mark for the first time, with a year-on-year increase of 51%, according to the latest data released by US-based and cleantech-focused analysis website CleanTechnica. In September, pure electric vehicles accounted for 13% of all automobile sales, a year-on-year increase of 50%; Plug-in hybrid vehicles accounted for 17%, up 54% year-on-year.

The website also released the top 20 models sold worldwide in September. Tesla Model Y and Model 3 occupied the top two with sales of 113,000 and 69,000 vehicles respectively, while Chinese new energy vehicle manufacturer BYD’s Song Plus ranked third.

According to the website’s list, BYD has a total of seven models among the top 20 sales spots in the world. Among them, Qin Plus ranks 5th, Han ranks 6th, Dolphin 7th, Yuan Plus 8th, Tang 10th and Destroyer 05 17th.

In addition, the Chinese brand models ranking among the top twenty on the global sales list for NEVs vehicles include Wuling Hongguang Mini EV, which ranked 4th, GAC Motor AION S and AION Y ranking 11th and 12th, NETA V ranking 13th, Li L9 ranked 14, Changan Automobile Lumin ranking 15th and Zeekr 001 ranked 19th.

BYD currently has some momentum behind it. On November 3, BYD announced its October 2022 production and sales report, which showed that the output of new energy vehicles was about 220,100 and the sales volume was about 217,800. Its cumulative automobile output this year was about 1,411,700 units, a year-on-year increase of 233.53%. This year, the cumulative automobile sales volume was about 1,397,900 vehicles, up 233.92% year-on-year.

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In October 2022, the company sold a total of 9,529 new energy passenger cars overseas. In September 2022, the total installed capacity of its power batteries and energy storage batteries for new energy vehicles was about 10.188 GWh, and the cumulative installed battery capacity in 2022 was about 67.681 GWh.

Compared with other Chinese auto manufacturers, BYD’s scale of sales is lightyears ahead and currently has a demonstrably large gap between itself and Volkswagen and Toyota. Even the sum of sales volume of Japanese brand Honda and its two joint venture brands in China makes up only half of BYD’s total sales volume in October.

Taking September data as an example, BYD’s sales volume is equivalent to the sum of the second to fifth four manufacturers, which is equivalent to BYD selling out of every 10 NEVs in China.

In addition, as BYD’s sales have soared, its business performance has continued to grow. The third-quarter financial report shows that BYD’s operating income in the third quarter was 117.081 billion yuan, a year-on-year increase of 115.59%; The net profit attributable to shareholders of listed companies was 5.716 billion yuan, a year-on-year increase of 350.26%.

In terms of production capacity, BYD currently has eight production bases in Shenzhen, Xi’an, Changsha, Changzhou, Fuzhou, Hefei, Jinan and Zhengzhou across China, with a total planned production capacity of 3 million – 3.5 million vehicles. According to some industry experts, considering the production and factory construction progress, BYD’s actual production capacity in 2022 could be as much as 1.7 million vehicles.