BYD entered the auto industry in 2003, sold its first NEV in 2008 and now has dozens of NEV models on sale.
(Image credit: CnEVPost)
BYD (OTCMKTS: BYDDY) will see a new milestone next Wednesday, after ditching its traditional fuel-car business early last year.
The Chinese new energy vehicle (NEV) giant is expected to see its 5 millionth NEV roll off the assembly line on August 9, according to a poster it posted on Weibo today.
"Countdown to 3 days. On August 9, you are invited to witness BYD's 5 millionth NEV roll off the line," the poster reads.
BYD entered the auto industry in 2003, it sold its first NEV in 2008, and it currently has dozens of models on sale.
In March 2022, BYD ceased production of vehicles powered entirely by internal combustion engines and switched to focusing on pure electric vehicles and plug-in hybrids.
BYD saw its one millionth NEV roll off the production line on May 19, 2021, becoming the first Chinese automaker to cross this historic threshold in NEV sales.
On November 16, 2022, BYD saw its 3 millionth NEV, an all-electric Seal, roll off the assembly line.
The company did not announce when its 2 millionth and 4 millionth NEVs rolled off the line.
BYD aims to sell at least 3 million vehicles this year and strives to reach 3.6 million, the company's chairman and president Wang Chuanfu said in late March this year.
BYD Group's automotive brands include the premium Yangwang, Denza and Fang Cheng Bao, in addition to BYD, and it currently sells and has pre-orders for both the BYD Seagull, which starts at just 73,800 yuan ($10,300), and the Yangwang U8, which has a pre-sale price of RMB 1.098 million.
Yangwang began pre-sales of the U8 on April 18, the first day of the Shanghai auto show, when it said the model would be offered in two versions -- a Premium Edition and an Off-road Master Edition. On June 19, the brand announced that that the Premium Edition of the U8 is expected to go on sale in August, with deliveries expected to begin in September.
Yesterday Denza launched its new SUV Denza N8, just a month after the launch of its last SUV, the Denza N7. Apart from these two models, Denza also has the Denza D9 MPV on sale.
BYD officially unveiled the name of its new brand, Fang Cheng Bao, on June 9 and announced on July 4 that its first model would be named the Leopard 5. No launch date has been set for the model.
On May 20, BYD opened its first brand experience center in Wuhan, Hubei province in central China, its first showroom to showcase different brands at the same time.
BYD's experience center occupies five floors with a total area of 6,550 square meters, including functional areas for brand display, model display, technology display and user activities.
($=1 = RMB 7.1708)