BYD sold 193,655 vehicles in Feb, up 90% year on year

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Chinese automaker BYD has released its production and sales report for February 2023, which shows impressive growth in the sales of new energy vehicles (NEVs). The company’s total pure EVs and PHEVs sales for February reached 193,655 units, representing a significant increase of 90% compared to February 2022. Passenger cars accounted for 191,664 of these sales, with the remaining vehicles being buses and trucks.

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Pure EV sales for BYD in February reached 90,639 units, up 80% year-on-year, representing 47.3% of the total NEV sales. Meanwhile, PHEV sales for the same period reached 101,025 units, up 98% compared to last year, accounting for 52.7% of the total NEV sales. Additionally, BYD sold 15,002 EVs overseas in February, up 11 times YoY.

BYD became the sales champion of pure electric vehicles in China, Israel, and New Zealand in January 2023;

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BYD became the sales champion of pure electric vehicles in Thailand in January 2023.

BYD’s production figures for February were also impressive. The company produced 93,397 pure EVs and 107,784 PHEVs in the month, while the total installed capacity of power and energy storage batteries for new energy vehicles was around 8.952 GWh in February.

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In addition, Denza sold 7,325 EVs, up 13% monthly. Denza is a high-end EV brand jointly owned by BYD and Mercedes Benz, with an average price of about 430,000 RMB (63,000 USD). At present, only Denza D9 MPV is on sale.

The sales volume for BYD in January 2023 was 151,341 vehicles, including 71,338 pure EVs. Although sales slowed down slightly compared to December 2022 due to the Spring Festival holiday, most auto companies saw an increase in sales during February. In 2022, BYD sold 1,868,543 vehicles, representing a significant increase of 152% year-on-year, making it the world’s largest seller of new energy vehicles.

Today, several EV companies also announced their sales in January:

  • GAC Aion sold 30,016 EVs, up 253% year on year;
  • Li Auto sold 16,620 EVs, up 97% year on year;
  • Nio sold 12,157 EVs, up 98% year on year;
  • Neta sold 10,073 EVs, up 41% year on year;
  • Xpeng sold 6,010 EVs, down 3% year on year;
  • Zeekr sold 5,455 EVs, up 87% year on year;
  • Leap sold 3,198 EVs, down 6% year on year.

We will update the sales volume of specific models.

Last Month: BYD sold 151,341 vehicles in January, up 62% year on year

Source: BYD

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