Summary
– BYD saw a significant increase in overseas rechargeable car sales, almost tripling year-over-year
– BYD continued to increase global plug-in electric car sales quickly, with passenger plug-in car sales reaching 312,048 units in April
– BYD may beat Tesla in Q2 sales, expected to sell over 400,000 units this quarter
– BYD’s all-electric car sales in April were 134,465 units, while plug-in hybrids saw significant growth, with 177,583 units sold
– BYD also saw a record 177% year-over-year growth in exporting plug-ins from China, focusing on overseas sales.
Article
### BYD Achieves Record Overseas Rechargeable Car Sales in April
In a remarkable achievement, BYD saw a nearly triple increase in overseas rechargeable car sales in April, setting a new record for the company. Their global plug-in electric car sales reached an all-time high, with passenger plug-in car sales totaling 312,048 units, a 49% increase compared to the previous year. This growth is a significant milestone for BYD, indicating a strong market presence and increasing demand for their electric vehicles.
### BYD vs. Tesla: The Race in Q2
While BYD did not outsell Tesla in all-electric car sales in the first quarter of 2024, there is anticipation that the competition might be closer in the second quarter. Industry analysts expect BYD to sell over 400,000 units this quarter, which could potentially position them ahead of Tesla in the electric car market. The pressure is on as BYD looks to maintain its momentum and potentially surpass the competition.
### A Closer Look at BYD’s Sales Performance in April
BYD’s all-electric car sales in April saw a 29% year-over-year increase, totaling 134,465 units. While this is a respectable figure, the growth rate is not as significant as that of plug-in hybrids. The company sold 177,583 plug-in hybrids in the same month, representing a remarkable 69% increase from the previous year. The overall sales performance for BYD in April is a testament to their consistent growth and market expansion.
### BYD’s Focus on Exporting Vehicles from China
Out of the total plug-in vehicles sold by BYD in April, 41,011 units were exported overseas, marking a record growth rate of 177% year-over-year. Exporting vehicles from China has become a key focus for BYD, as they aim to expand their global footprint and increase market share in international markets. This strategic approach to international sales is paying off for the company, with overseas sales contributing significantly to their overall success.
### BYD’s Year-to-Date Sales Performance and Growth Targets
Year-to-date, BYD has sold over 936,000 passenger plug-in electric cars, representing a 24% increase from the previous year. The brand’s commitment to sustainable mobility and electric vehicle technology is evident in their consistent growth and market leadership. In 2024, BYD aims to achieve an average growth rate of over 20%, consolidating their position as a leader in the electric car industry.
### Top Selling Models in BYD’s Lineup
Notable models in BYD’s lineup in April included the Song family, which saw a 126% increase in sales compared to the previous year. The BYD Qin sedan and BYD Seagull also performed well, with strong sales figures and year-over-year growth. The company’s diverse range of electric and hybrid vehicles caters to a wide range of consumer preferences, positioning BYD as a versatile and competitive player in the electric car market.
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