The biggest EV manufacturer in the world is rapidly establishing its reputation internationally. BYD’s overseas sales soared by 83% last month, and the company aims to capture even more market share in 2025. Over 300,500 new energy vehicles (NEVs) were sold by BYD last month, marking an increase of nearly 50% compared to January 2023. Similar to the majority of Chinese car manufacturers, BYD reports sales of new energy vehicles (NEVs), which encompass battery electric vehicles (EVs) and plug-in hybrids (PHEVs).
Despite a year-over-year (YOY) increase in sales, the numbers fell short of the over 500,000 vehicles sold in September, November, and December to conclude 2024.
With more than 51,300 units sold last month, BYD’s Song Plus (PHEV and EV) was the top-selling model in its lineup. Its budget-friendly Seagull EV, which has a starting price of less than $10,000 in China, ranked as the second-best seller with 41,212 units sold last month.
The most significant positive aspect was BYD’s international sales. In January, BYD’s overseas sales of NEVs reached a record 66,336, marking an increase of 83% compared to the previous year and a rise of 16% from December (57,154).
To capture market share in crucial markets, BYD is launching multiple new electric vehicle factories abroad. BYD is expanding after opening its first plant in Thailand last year, with new facilities in Indonesia, Mexico, Brazil, Hungary, Turkey, and Pakistan.
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