BYD sold 10.46 percent fewer passenger BEVs in July than in June, while sales of PHEVs hit their fifth consecutive record high.
BYD (HKG: 1211, OTCMKTS: BYDDY) posted another record month of new energy vehicle (NEV) sales in July, as sales of plug-in hybrid electric vehicles (PHEVs) continued to grow strongly.
The company sold 342,383 NEVs in July, surpassing its previous record in June to reach a new high, according to figures it released today.
That's up 30.60 percent from 262,161 in the same period last year and up 0.21 percent from 341,658 in June.
BYD ceased production and sales of vehicles powered entirely by internal combustion engines in March 2022, switching to a focus on the production of PHEVs and battery electric vehicles (BEVs).
BYD's NEVs include passenger cars as well as commercial vehicles, with passenger NEVs selling 340,799 units in July, up 30.52 percent year-on-year and up 0.17 percent from June.
Its commercial NEVs sold 1,584 units in July, up 50 percent from a year ago and up 9.47 percent from June.
BYD sold 130,000 units of passenger BEVs in July, down 3.55 percent from a year ago and down 10.46 percent from June.
It sold 210,799 passenger PHEVs in July, its fifth consecutive record high since March. That's up 66.87 percent year-on-year and up 8.08 percent from June.
In July, BYD sold 30,014 vehicles in overseas markets, up 65.19 percent year-on-year and up 11.18 percent from June.
In addition to being China's largest NEV maker, BYD is also China's second-largest power battery maker.
BYD's installed capacity of power and energy storage batteries amounted to about 16.519 GWh in July, up 33.15 percent year-on-year and up 2.6 percent from June.
Year-to-date performance
BYD sold 1,955,366 NEVs in January-July, up 28.83 percent year-on-year.
Its passenger NEVs sold 1,947,944 units in January-July, up 29.07 percent year-on-year.
Commercial NEVs sold 7,422 units in the first seven months, down 13.01 percent year-on-year.
BYD's passenger BEVs sold 856,153 units in January-July, up 13.91 percent year-on-year.
Passenger PHEVs sold 1,091,791 units in January-July, up 44.1 percent year-on-year.
BYD sold 233,418 units overseas in January-July, up 152.46 percent year-on-year.
BYD's installed capacity of power and energy storage batteries amounted to about 89.074 GWh in January-July, up 22.60 percent year-on-year.
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