In August, BYD sold exactly 440,293 new energy vehicles (NEVs) – comprising battery-electric vehicles (BEVs) and plug-in hybrids. This represents a 17.8 per cent increase compared to the same month last year. When breaking down sales into domestic and export figures, two parallel trends emerge: the Chinese market remains weak, reflected in BYD’s domestic sales declining to 250,827 units (-14.3 per cent year-on-year). In contrast, exports have surged dramatically year-on-year, rising by 134 per cent to 189,466 units.
Compared to July, both BYD’s domestic and export sales saw slight increases of 5.1 per cent and 5.0 per cent, respectively. CN EV Post interprets these figures as evidence that BYD’s recovery from a weak start to the year is continuing.
The company’s statistics can be further broken down by passenger cars and commercial vehicles. In August, BYD sold 433,384 passenger cars (+16.7 per cent year-on-year, +5.4 per cent compared to July), while commercial vehicle sales rose to 6,909 units (+225 per cent year-on-year, -15.1 per cent compared to July).
BYD’s monthly figures also distinguish between degrees of electrification: sales of battery-electric passenger cars grew disproportionately within BYD’s NEV sales, reaching a new record of 256,230 units (+28.4 per cent year-on-year, +9.9 per cent compared to July). For the first time ever, BYD’s BEV sales exceeded the quarter-million mark in a single month. In contrast, plug-in hybrid sales remained largely stagnant at 177,154 units (+3.1 per cent year-on-year, +0.5 per cent compared to July) and have even declined significantly compared to the volume achieved in August 2024 two years prior.
