BYD Global New Energy Vehicle Production Surpasses 7 Million Units

NEV, Market Data
BYD, a world leader in the manufacturing of new energy vehicles and batteries, reached a historic milestone on March 25th by producing its 7 millionth new energy vehicle. The iconic DENZA N7 model was unveiled at the factory in Jinan, China, marking a significant achievement in the brand's innovative journey. Since producing its first new energy vehicle in May 2021, BYD has experienced exponential growth, tripling its production in just 18 months and surpassing 5 million units in a record additional 9 months. In 2023, BYD's cumulative annual sales of new energy vehicles reached 3.02 million units, solidifying its position as the global leader in this sector. Committed to the international market, BYD rapidly expanded its global presence in 2023, with new energy vehicle sales abroad exceeding 240,000 units, representing a year-on-year growth of 337%. This achievement positioned BYD as the leading exporter of new energy vehicles from China in 2023. To date, BYD's new energy vehicles have been introduced to 64 countries and regions worldwide, supported by strategic investments in manufacturing facilities in Thailand, Brazil, Uzbekistan, and Hungary. Additionally, this year, BYD has been named the official partner of the UEFA Euro 2024™, providing a global platform to showcase its new energy vehicles. Looking ahead, BYD is committed to expanding and deepening its localization strategies in products, technologies, and brand presence in international markets, continuing to lead the global automotive industry towards a more sustainable era.
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