Summary
– BYD sets new plug-in electric car sales record in June, with passenger plug-in car sales amounting to 340,211 units
– BYD’s PHEV sales expand quickly, with the company growing mostly thanks to its lineup of plug-in hybrids
– BYD sold 341,658 plug-in vehicles last month, including 26,995 plug-ins overseas
– The second quarter of 2024 was a record one for BYD, with the company selling 982,747 passenger plug-in electric cars
– So far in 2024, BYD has sold over 1.6 million passenger plug-in electric cars, with intentions to achieve an average growth rate of over 20%
Article
**BYD Sets New Plug-in Electric Car Sales Record in June**
In June, BYD achieved record sales of plug-in electric cars, with passenger plug-in car sales reaching 340,211 units, including over 15,000 EVs from its sub-brands. This result surpassed the previous highest sales record set in December 2023. The company’s growth is mainly attributed to its lineup of plug-in hybrid models, with PHEV sales expanding rapidly. While the growth of all-electric car sales has slowed down, BYD’s focus on PHEVs has proven to be successful in driving sales numbers.
**Growth in Plug-in Hybrid Sales**
BYD’s all-electric car sales in June amounted to 145,179, with a year-over-year growth of 13%. The company sold 195,032 PHEVs last month, marking a 58% increase from the previous year. These figures indicate that BYD’s main area of growth is in plug-in hybrids, with PHEV sales achieving a fourth consecutive record. The company’s total plug-in car sales in June, including commercial electric vehicles, reached 341,658 units, with 8% of the total volume sold overseas.
**Record Quarter for BYD in Q2 2024**
The second quarter of 2024 was a record-breaking period for BYD, with the company selling 982,747 passenger plug-in electric cars, a 40% increase from the previous year. BYD’s total plug-in car sales in Q2 included 426,039 all-electric vehicles and 556,708 PHEVs. While BYD leads in the total number of rechargeable car sales, the company faces stiff competition in the all-electric car segment, particularly from Tesla, whose sales numbers are eagerly awaited to see if BYD can surpass them.
**Year-to-Date Sales Performance**
So far in 2024, BYD has sold over 1.6 million passenger plug-in electric cars, representing a 29% increase from the previous year. This strong performance follows BYD’s success in 2023, when the company sold over 3.0 million plug-in electric cars and became the largest Chinese carmaker and brand. With an average growth rate target of over 20%, BYD aims to continue its upward trajectory in the electric vehicle market.
**Top Nameplates in BYD’s Lineup**
The Song family of plug-in hybrids remains the top-selling nameplate in BYD’s lineup, with 70,219 units sold in June, a nearly 66% increase from the previous year. Following closely is the BYD Qin sedan, which saw sales of 68,450 units (BEV + PHEV), up 55% year over year. Other popular models include the all-electric BYD Yuan family and BYD Seagull, showcasing the company’s diverse offerings in the electric vehicle market.
**Outlook for BYD in 2024**
In conclusion, BYD continues to experience substantial growth in its plug-in electric car sales, driven primarily by its plug-in hybrid models. As the company sets new sales records and expands its presence in the global market, it remains a key player in the electric vehicle industry. With a focus on innovation, sustainability, and customer demand, BYD is poised to maintain its position as a leading electric vehicle manufacturer in the coming years.
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