According to the production and sales report released by BYD, BYD's production and sales in the field of new energy vehicles have achieved significant growth. According to Express data, in June 2024, BYD's new energy vehicle production reached 341,671 units, significantly higher than the 252,657 units in the same period last year. At the same time, sales in May also reached 341,658 units, which was also significantly higher than the 253,046 units sold in the same period last year.
From January to June this year, BYD produced a total of 1632033 new energy vehicles, a year-on-year increase of 27.95%; The total sales from January to June were 1612983 units, a year-on-year increase of 28.46%. In the segment, BYD produced 340,224 passenger cars and sold 340,211 units. Among them, the production and sales of pure electric vehicles were 141,030 units and 145,179 units, respectively. Plug-in hybrid vehicle production and sales were 199,194 and 195,032 units, respectively.
In particular, BYD has also made significant progress in overseas markets. In June, BYD's overseas sales of new energy passenger vehicles reached 27,000, which not only shows that BYD's products have been recognized by the international market, but also indicates the in-depth implementation of its globalization strategy. With the growing global demand for new energy vehicles, BYD is expected to further expand its business footprint in the international market to achieve wider market coverage and brand influence.
Figure: BYD sold 341,700 new vehicles in June
In addition to vehicle sales, BYD has also shown strong strength in the battery business. In June, the total installed capacity of BYD's new energy vehicle power batteries and energy storage batteries was about 16.101GWh, and the cumulative installed capacity in 2024 will reach 72.555GWh. This data not only reflects BYD's leading position in battery technology, but also provides solid technical support for the rapid development of its new energy vehicles. BYD's continuous investment and innovation in the battery field not only enhance the competitiveness of its own products, but also make important contributions to the development of the entire new energy vehicle industry.
BYD's strong performance is inseparable from the overall growth trend of the new energy vehicle market. In recent years, with the improvement of environmental awareness and technological progress, the new energy vehicle market has shown explosive growth. A series of support policies issued by the national and local governments have provided a strong guarantee for the development of the new energy vehicle market. At the same time, consumer acceptance of new energy vehicles is also increasing, and market demand continues to grow. In this context, BYD and other new energy vehicle companies have ushered in unprecedented development opportunities.
