BYD sold a record 301,903 vehicles in November, up 32%, with PHEV sales decreasing

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BYD sold 301,903 new energy vehicles (NEVs) in November, 31% up from last year and nearly the same as in October. The BEV sales rose to 170,150 units, while PHEV sales decreased 3.22% to 131,228 compared with the previous month.

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For BYD, this is another all-time high month; however, the MoM growth is very slight, only 0.27%. Year-to-date (January – November), BYD sold 2,683,374 vehicles, which means the Shenzhen-based company needs to deliver about 320,000 units in December to fulfill its 3 million target.

The current ratio of BYD deliveries is 43.47% for PHEVs and 56.36% for BEVs. BYD ceased production of ICE vehicles in April last year. BEV sales made 52.5% of total BYD sales in September and 54.9 in October.

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BYD sales include the main brand and also the subbrands. YangWang U8 delivered 408 units, Fang Cheng Bao Bao 5 626 units, and Denza 11,843. Denza sales were driven by D9 MPV, which delivered 10,446 units. BYD-badged Ocean and Dynasty series delivered 288,501 vehicles.

The sales breakdown of the key Ocean series models:

  • Seagull: 44,603 (2.89% up MoM)
  • Dolphin: 35,246
  • Seal (BEV+PHEV): 19,860

BYD also exported 30,629 vehicles to global markets, up 148.65% compared with the previous year and nearly the same as the previous month. The main export product is crossover Yuan Plus, also known as Atto 3.

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Today, BYD also announced massive promotions in its end-of-year sales push, with some already discounted models being discounted again. For example, the BYD Han EV got a 20,000 yuan (2,800 USD) haircut. All discounts are only valid for cars purchased between December 1 and 31, making it obvious what BYD’s agenda is here.

Qin DM-i (Dual Motor), Qin EV, Han DM-i, and DM-p PHEVs prices were cut by 10,000 yuan (1,400 USD).

Tang DM-i SUV was discounted by 15,000 yuan (2,100 USD), while its BEV variant, Tang EV, got 10,000 yuan off. Yuan Plus (Atto 3) got a discount of 3,000 yuan (420 USD).

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