The world’s largest EV maker is shortly making a reputation for itself on a world scale. With abroad gross sales surging 83% final month, BYD is on the lookout for much more market share in 2025.
BYD units new abroad EV gross sales document in January 2025
BYD bought over 300,500 new power autos (NEVs) final month, up practically 50% from January 2023. Like most Chinese language automakers, BYD experiences NEV gross sales, together with battery electrical (EV) and plug-in hybrid (PHEV) autos.
Though gross sales had been up year-over-year (YOY), they weren’t fairly as excessive because the over 500,000 autos bought in September, November, and December to shut out 2024.
BYD’s industrial automobile gross sales reached 4,092, up 793% from January 2023 (474). Of the 296,446 passenger autos bought final month, 125,377 had been EVs, whereas the opposite 171,069 had been plug-in hybrids, up 19% and 79% from final 12 months, respectively.
Final month, the “Ocean” sequence was BYD’s top-selling sequence, with 145,918 models bought, adopted by the Dynasty lineup (132,293).
BYD’s Track Plus (PHEV and EV) was the best-selling mannequin within the lineup, with over 51,300 bought final month. Its low-cost Seagull EV, beginning at below $10,000 in China, was the second-best vendor, with 41,212 bought final month.
Different model gross sales included 6,219 Fang Cheng Bao fashions, 11,720 Denza autos, and 286 Yangwang luxurious fashions.
The most important brilliant spot was BYD’s abroad gross sales. BYD bought a document 66,336 NEVs abroad in January, up 83% from final 12 months and 16% from December (57,154).
Behind CATL, BYD can also be China’s second-largest energy battery maker. The corporate put in 15.511 GWh of energy and power storage battery capability final month, 37% YOY, however down from 23.495 GWh in December.
BYD is opening a number of new EV vegetation abroad because it seems to be to achieve market share in key markets. After opening its first in Thailand final 12 months, BYD is increasing with new vegetation in Indonesia, Mexico, Brazil, Hungary, Turkey, and Pakistan.
Electrek’s Take
Just like the US and most international locations, China’s auto market is seasonal. The top of the 12 months is often the strongest, whereas the start is slower.
The Chinese language New 12 months, when gross sales are particularly gradual this 12 months, runs from January 28 to February 4. Most automakers in China reported decrease gross sales numbers to begin the 12 months than in December, however they’re nonetheless increased than the earlier 12 months because the market continues shifting to EVs.
BYD, which stopped making autos completely powered by gasoline engines in 2022, is aggressively increasing into new abroad markets with competitively priced fashions.
After outselling Honda and Nissan for the primary time in 2024, will BYD proceed climbing the worldwide gross sales ranks this 12 months? It may very well be on tempo to high Ford. Tell us what you suppose within the feedback.
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