ArenaEV.com ArenaEV.com

Facebook

Twitter

Instagram

RSS

Settings
Units
Power
Standard
Consumption
Currency

Log in

Login

I forgot my password
Sign up
ADVERTISEMENTS

BYD exceeds 1 million EV sales in 2024, after record-breaking August performance

  • Post your comment
  • Comments (2)

Max McDee, 20 September 2024

BYD

China's electric vehicle powerhouse BYD has sailed past 1 million EV sales in 2024, following an exceptional August performance. This cements BYD's leading position in the EV market.

The company reported selling a staggering 373,082 new energy vehicles (NEVs) in August, including both plug-in hybrids (PHEVs) and all-electric vehicles. This remarkable figure eclipses BYD's previous record of 342,383 NEVs set in July, marking the third consecutive month of record-breaking NEV sales.

BYD blazes past 1 million EV sales in 2024, driven by record-breaking August

Plug-in hybrids played a significant role in this growth, with 222,384 units sold in August, a substantial 73% increase compared to August 2023. This marks the sixth month in a row of record PHEV sales for BYD. As of August 2024, BYD has sold over 1.3 million PHEVs, a 43% increase from the approximately 886,000 sold in the same period last year.

While PHEVs are driving much of the growth, BYD's all-electric vehicle sales also remain strong. The company sold 148,470 EVs last month, a modest 2% increase year-over-year but a notable 15% increase from July. This growth was sufficient to propel BYD past the 1 million EV sales milestone for 2024.

Through the first eight months of 2024, BYD has sold an impressive 1,004,623 EVs, representing a 12% increase compared to the 897,220 sold during the same period last year. The company's expansion into new markets is also bearing fruit, with overseas sales reaching 31,451 units in August, marking a 26% increase year-over-year and a 5% increase compared to July. As of August, the automaker has sold nearly 265,000 vehicles overseas.

BYD blazes past 1 million EV sales in 2024, driven by record-breaking August

The sales success can be attributed in part to new technologies that are enabling the production of more affordable and efficient models. For instance, BYD launched its DM 5.0 hybrid system in May, which has already been integrated into several new models. BYD claims that this new system reduces costs and improves fuel efficiency. Additionally, BYD unveiled its e-Platform 3.0 for EVs earlier this year, which boasts enhanced efficiency and charging capabilities. This new technology should further drive EV sales.

BYD's momentum is undeniable, having surpassed Honda and Nissan in the second quarter to become the seventh-largest automaker globally. With new, cost-effective, and efficient models on the horizon, BYD is heading for a strong finish to the year.

Via

Related articles
  • Global launch of BYD Denza Z9 GT set for September 20 Global launch of BYD Denza Z9 GT set for September 20
  • 2025 BYD Han debuts with upgrades and price cuts 2025 BYD Han debuts with upgrades and price cuts
  • BYD officially unveils the Seal 06 GT BYD officially unveils the Seal 06 GT

Reader comments

?
  • Anonymous
  • rK8
  • 21 Sep 2024

BYD just needs to improve the Fast charge speeds to 5C in cars now along with ADAS.

  • Reply
D
  • DCAP
  • Yav
  • 21 Sep 2024

California DCAP details are beginning to materialize. The rules include release by regions starting 4q2024 as well as 1q2025. Any person that qualifies, would prefer to delay purchasing in the last few remaining days before October 1, 2024 or as fa...

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 2

  • Home
  • Compare
  • News
  • Terms
  • Reviews
  • About us
  • Tesla
  • Volkswagen
  • Audi
  • Porsche
  • BMW
  • Mercedes
  • Hyundai
  • Kia
  • Genesis
  • Renault
  • Nissan
  • Ford
  • Volvo
  • Polestar
  • Jaguar
  • Toyota
  • Mazda
  • Mini
  • MG
  • Vinfast
  • Lucid
  • Rivian
  • Cadillac
  • Chevrolet
  • GMC
  • Subaru
  • Nio
  • Xpeng
  • BYD
  • [..]

EV finder

ADVERTISEMENTS

Latest models

  • ModelHyundai
    Ioniq 6 N
  • ModelXiaomi
    YU7 Max
  • ModelNissan
    Leaf 75kWh
  • ModelTesla
    Model S Plaid
  • ModelNissan
    Micra EV 52kWh
  • ModelTesla
    Model X Plaid

Featured

  • Analyzing the Mercedes-Benz EQXX revolutionary concept Analyzing the Mercedes-Benz EQXX revolutionary concept
  • Have electric cars gone power crazy? Have electric cars gone power crazy?
  • Why electric cars don't have conventional gearboxes Why electric cars don't have conventional gearboxes
  • Audi Q8 55 e-tron alternatives - BMW iX xDrive50 and Polestar 3 LR Audi Q8 55 e-tron alternatives - BMW iX xDrive50 and Polestar 3 LR
  • EREV or Extended Range Electric Vehicle explained EREV or Extended Range Electric Vehicle explained
ADVERTISEMENTS

Reviews

  • Kia EV9 AWD GT-Line review Kia EV9 AWD GT-Line review
  • Fiat 500e review Fiat 500e review
  • Volkswagen ID. Buzz Pro review Volkswagen ID. Buzz Pro review
  • Mercedes-Benz EQS 450+ review Mercedes-Benz EQS 450+ review

Home News Compare About us RSS feed Facebook Twitter Instagram

© 2022-2025 ArenaEV.com Mobile version EV Finder Glossary Privacy Terms of use

From the team behind
GSMArena.com