Summary
- BYD is leading in electric vehicle sales this year, surpassing Tesla
- New energy vehicle sales for BYD have steadily increased throughout the year
- Full electric vehicle sales for BYD were up by 12% in the first 10 months of 2024
- BYD’s plug-in hybrid electric vehicle sales saw a significant increase of 62% compared to the same period in 2023
- PHEV sales have become a larger portion of BYD’s overall sales, contributing to its rapid growth
Article
BYD has emerged as the clear winner in the electric vehicle market this year, surpassing Tesla in sales growth. Charts illustrating BYD’s monthly sales reports show a steady increase in new energy vehicle (NEV) sales throughout the year, with a significant spike in the past three months. Overall, BYD’s NEV sales in the first 10 months of 2024 are up 36.5% compared to the same period in 2023. The trend is similar for full electric vehicles (BEVs), with a 12% increase in sales in the first 10 months of 2024 compared to 2023.
The growth in BYD’s NEV sales can be attributed to the increase in plug-in hybrid electric vehicle (PHEV) sales. PHEV sales saw a significant jump in 2024, especially in the past couple of months, with a 62% increase in January-October of 2024 compared to the same period in 2023. PHEVs have become a larger portion of BYD’s sales and are driving the company’s rapid growth. The charts provided allow for a visual representation of the sales trends in NEVs, BEVs, and PHEVs over the year.
Looking ahead to the remainder of the year and into 2025, it remains to be seen how BYD will continue to perform in the electric vehicle market. With expectations high and the company showing strong sales growth, there is anticipation for further success. The comparison of sales figures between 2023 and 2024 indicates a positive trajectory for BYD, positioning them as a leading player in the EV industry. It will be interesting to see how the market evolves in the coming months.
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In conclusion, BYD’s success in the electric vehicle market in 2024 has been remarkable, surpassing industry giants like Tesla in sales growth. The charts presented in the article offer a comprehensive overview of BYD’s performance in NEVs, BEVs, and PHEVs throughout the year. With a significant increase in sales and a shift towards PHEVs driving growth, BYD is poised to continue its momentum in the EV industry. Readers can support CleanTechnica’s coverage of cleantech news and contribute to the acceleration of the cleantech revolution through monthly donations.
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