BYD increases New Energy Vehicle sales again
The positive trend for electrified sales at BYD continues as the company further increased its sales of electric vehicles and plug-in hybrids in October.
The Chinese manufacturer sold 23,217 New Energy Vehicles last month, an increase of around 85 per cent compared to October last year. Of these, 14,919 were purely battery-electric passenger cars – this segment even grew by almost 97 per cent. Plug-in hybrids increased by 60 per cent from 4,454 units in October 2019 to 7,126 vehicles.
The remaining units of the 23,217 plug-in vehicles were 1,172 in the commercial vehicle business. As expected for BYD, electric buses dominated the supply with 1,023 units, leaving only 149 smaller LCV. The growth rate for e-buses is enormous at 248%, up from 294 units sold in October 2019. Throughout 2020 so far, BYD has sold 7,096 e-buses in total, compared with only 3,668 vehicles in the same period last year, so almost twice as many already.
Staying with cumulative sales over the entire year, the new energy vehicle division still suffers from the hardship of the earlier month. At 134,158 passenger cars and commercial vehicles sold together, sales were 34.62 per cent down compared to October 2019 (205,187 vehicles). Only electrified buses were able to increase their total sales in the current year.
Things continue to look up, though. In September, as reported, BYD sold more BEVs and PHEVs for the first time again than in the same month of 2019. Said news came after BYD had recorded a decline in plug-in car sales for 15 months.
Gasgoo confirms that NEV sales have posted a “solid rebound” during the past two months. At the same time, BYD’s sales of electrified cars were still outperformed by its oil-fuel vehicle arm mainly due to the coronavirus pandemic and the phase-out of NEV subsidy starting the second half of 2019.
In the meantime, BYD has been working on a new dedicated EV platform as well as the Blade battery. Recent announcements also saw the Chinese manufacturer preparing electric models such as the Han for market entry in Europe.
In China, the Han had already proven a sales driver last month. According to BYD, the sales of the Han (including BEV and PHEV versions) reached 7,545 units in October and totalled 18,363 vehicles since it came to market in July.