original

BYD Shatters Sales Record in November, Maintaining Triple-Digit Growth for the Year

若离

若离

· 2022.12.03 09:17

With sales topped 200,000 units three months in a row, BYD met its annual target of 1.5 million vehicles this year a month earlier.

BEIJING, December 2  (TMTPOST)— BYD Co., the Chinese electric vehicle (EV) company backed by Warren Buffett ’s Berkshire Hathaway, maintained massive growth for the year and shattered new sales record in the past month.

Source: Visual China

BYD sold 230,427 vehicles in November, breaking its monthly sales record for the ninth consecutive month, according to an announcement on Friday. The new record brought BYD’s total sales this year from January to 1.633 million units, increasing 154.8% from the same period a year ago. With sales topped 200,000 units three months in a row, BYD met its annual target of 1.5 million vehicles this year a month earlier. In its previous meeting with investors, BYD expected annual sales can reach 1.5 million based on orders and could even hit 2 million units if the supply chain works well.  

November saw BYD sales grew 134.3% year-over-year (YoY), maintaining triple-digit monthly growth in sales since entering into 2022. Out of the total sales in the past eleven months, there were 1.63 million new energy vehicles (NEVs) sold with a 219.3% YoY increase, highlighting BYD’s robust growth in EV sector this year. The EV maker decided to cease the production of cars powered only by internal combustion engines in March, and from that month on, completely shift to production of battery electric vehicles and plug-in hybrid electric vehicles.

It is notable that BYD’s performance beyond homeland much better than expectation. The EV giant exported 12,300 passenger cars to overseas market, for the first time topping 10,000 units in a month. With 44,600 units of sales in total during the past eleven month, it has broken overseas sales record sequentially since it first disclosed sales in foreign countries in July. While Sinolink Securities previously estimated that BYD to sell 50,000 vehicles overseas in the year, the company now is very likely to beat the expectations of overseas sales. Sinolink’s bullish view partially lies in outlook of BYD’s key export destination Europe, in which the EV market hasn’t witnessed sufficient competition and the main players are Tesla and Volkswagen. BYD took Europe BYD is expected to export more than 150,000 vehicles in Europe next year, accounting for more than half of total exports, the securities firm noted.

转载请注明出处、作者和本文链接
声明:文章内容仅供参考、交流、学习、不构成投资建议。
想和千万钛媒体用户分享你的新奇观点和发现,点击这里投稿 。创业或融资寻求报道,点击这里

敬原创,有钛度,得赞赏

”支持原创,赞赏一下“
小团子978493 钛好257273 钛粉61583 钛a66t5Q 赚赚 钛粉81950
563人已赞赏 >
563换成打赏总人数563人赞赏钛媒体文章
关闭弹窗

挺钛度,加点码!

  • ¥ 5
  • ¥ 10
  • ¥ 20
  • ¥ 50
  • ¥ 100

支付方式

确认支付
关闭弹窗

支付

支付金额:¥6

关闭弹窗
sussess

赞赏金额:¥ 6

赞赏时间:2020.02.11 17:32

关闭弹窗 关闭弹窗

注册邮箱未验证

我们已向下方邮箱发送了验证邮件,请查收并按提示验证您的邮箱。

如果您没有收到邮件,请留意垃圾邮件箱。

更换邮箱

您当前使用的邮箱可能无法接收验证邮件,建议您更换邮箱

账号合并

经检测,你是“钛媒体”和“商业价值”的注册用户。现在,我们对两个产品因进行整合,需要您选择一个账号用来登录。无论您选择哪个账号,两个账号的原有信息都会合并在一起。对于给您造成的不便,我们深感歉意。