BYD has formally introduced its gross sales numbers for the entire of 2023 and it reads as such: 3,024,417 items offered, together with 1,574,822 EVs. Whole gross sales have jumped 61.9% in comparison with 2022 (1,863,494 items) – surpassing BYD’s three million goal that was deemed overly bold at first – whereas the EV portion has grown much more by 72.8% (vs 911,140 in 2022).
Notably, BYD has accomplished its transition into an NEV-only model, having registered zero gross sales of ICE autos (it offered 5,049 “oil-fueled” vehicles in 2022). NEV or New Vitality Autos is a time period coined in China for electrified vehicles, together with hybrid (HEV), plug-in hybrid (PHEV) and battery electrical autos (BEV), although BYD has stopped producing HEVs completely too.
Identified outdoors of China as an EV-only entity, BYD’s speedy gross sales development is nothing in need of astonishing, particularly so when it’s constructing on already-impressive 2022 figures. EVs now make up greater than half of the model’s whole gross sales (simply, at 52.1%), and is anticipated to develop much more within the coming 12 months.
A part of that success is achieved out of its residence nation too, with 242,766 EVs offered in markets outdoors China. This interprets to an unbelievable 334% year-on-year improve on exports, with 2023 numbers alone surpassing BYD’s whole abroad gross sales over the earlier twenty years.
A complete of 367,419 items of the BYD Dolphin had been offered globally final 12 months, making it the model’s strongest-performing EV mannequin. Gross sales figures for the Atto 3 just isn’t accessible as of but, because the mannequin is mixed into the Yuan-series whole (428,580 items, together with the smaller Yuan Professional). Nonetheless, the Atto 3 is alleged to be BYD’s best-performing export mannequin.
The bigger, extra premium BYD Seal had a good first full-year too, with 127,323 items offered together with export markets. The Seagull however, BYD’s entry-level EV that may seemingly keep in China just for now, offered a powerful 280,217 items since its market entry in mid-2023.
Right here in Malaysia, each the Atto 3 and Dolphin are among the many best-selling EVs available in the market, with the Seal anticipated to reach very quickly to rival the Tesla Mannequin 3.
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