BYD sold 4.27 million cars in 2024, up 41.3% compared to 2023

BYD concluded 2024 on a high note, achieving a remarkable milestone by selling over 4 million vehicles within a single year for the first time.

According to the company, a total of 514,809 new energy vehicles (NEVs) were sold in December alone, bringing the total sales for 2024 to 4,272,145 units—a 41.3% increase compared to the 3 million units recorded in 2023.

Of this total, 1,764,992 units were passenger battery electric vehicles (BEVs), 2,485,378 units were plug-in hybrid electric vehicles (PHEVs), while the remaining 21,775 units were commercial vehicles.

Compared to the performance in 2023, BEV sales for 2024 increased by 12% from 1.6 million units, while PHEV sales rose by a whopping 72.8% from 1.4 million units. BEVs accounted for 41.5% of BYD’s total sales last year, while PHEVs made up 58.5%.

BYD’s export market also experienced encouraging growth, with 57,154 units sold in December, marking a 58% increase compared to the same month last year. This brought the total number of vehicles exported for 2024 to 417,204 units, a 71.9% rise compared to 2023.

In addition to manufacturing vehicles, BYD is also the second-largest battery supplier in China. Among its notable clients are big names such as Tesla, Toyota, and Nio.

Overall, the company installed 23.5 GWh of battery capacity in December (32% higher than in 2023) or a total of 194.7 GWh throughout 2024 (an increase of 29% compared to 2023). This includes batteries installed in electric vehicles (EVs) and stationary energy storage units.