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BYD New Energy Vehicle Sales Exceeded 110K In May 2022 In China

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In May, BYD produced 118,135 new energy vehicles (NEV), a year-on-year increase of 270.24%. That brings BYD to a cumulative production volume of 513,143 units in the first five months of this year, a year-on-year increase of 347.60%. In the first five months of this year, the cumulative sales volume was 507,314, a year-on-year increase of 348.11%.

At BYD, NEVs include both EVs and PHEVs.

Source: BYD

More specifically, total BYD NEV sales were 114,183 units. Of that number, 53,349 cars were EV and 60,834 cars were PHEV. The NEV sales accounted for 99.3% of the total passenger car sales. The rest are likely some older hybrid or gasoline models. Normal hybrids (HEVs) are not counted as NEVs.

Furthermore, PHEVs are growing rapidly, with a cumulative sales volume of 250,000 units from January to May this year, a year-on-year increase of 580%.

Recently, BYD has released a number of new products one after another. On June 1, the new BYD Tang EV was launched with a price range of 279,800-339,800 RMB (41,800-51,000 USD) after government subsidies. When the pre-sale started in May, the order volume exceeded 8,500 units within the first 24 hours. On May 20, pre-sale started for the new BYD Seal EV. On May 16, pre-sale started for the new high-end Denza D9 EV.

Lastly, on June 1, BYD buy back about 1.4521 million shares for the first time, accounting for 0.04988% of the company’s total shares. The highest transaction price was 300 RMB (45 USD) per share, the lowest transaction price was 293.37 (44 USD) RMB per share, and the total transaction amount is about 433 million RMB (65 million USD) excluding transaction fees.

Source: CNStock, STCN

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