The world’s largest EV maker is rapidly making a reputation for itself on a world scale. With abroad gross sales surging 83% final month, BYD is on the lookout for much more market share in 2025.
BYD units new abroad EV gross sales document in January 2025
BYD offered over 300,500 new vitality automobiles (NEVs) final month, up almost 50% from January 2023. Like most Chinese language automakers, BYD stories NEV gross sales, together with battery electrical (EV) and plug-in hybrid (PHEV) automobiles.
Though gross sales have been up year-over-year (YOY), they weren’t fairly as excessive because the over 500,000 automobiles offered in September, November, and December to shut out 2024.
BYD’s business car gross sales reached 4,092, up 793% from January 2023 (474). Of the 296,446 passenger automobiles offered final month, 125,377 have been EVs, whereas the opposite 171,069 have been plug-in hybrids, up 19% and 79% from final yr, respectively.
Final month, the “Ocean” sequence was BYD’s top-selling sequence, with 145,918 items offered, adopted by the Dynasty lineup (132,293).
BYD’s Music Plus (PHEV and EV) was the best-selling mannequin within the lineup, with over 51,300 offered final month. Its low-cost Seagull EV, beginning at below $10,000 in China, was the second-best vendor, with 41,212 offered final month.
Different model gross sales included 6,219 Fang Cheng Bao fashions, 11,720 Denza automobiles, and 286 Yangwang luxurious fashions.
The largest brilliant spot was BYD’s abroad gross sales. BYD offered a document 66,336 NEVs abroad in January, up 83% from final yr and 16% from December (57,154).
Behind CATL, BYD can be China’s second-largest energy battery maker. The corporate put in 15.511 GWh of energy and vitality storage battery capability final month, 37% YOY, however down from 23.495 GWh in December.
BYD is opening a number of new EV crops abroad because it seems to be to realize market share in key markets. After opening its first in Thailand final yr, BYD is increasing with new crops in Indonesia, Mexico, Brazil, Hungary, Turkey, and Pakistan.
Electrek’s Take
Just like the US and most international locations, China’s auto market is seasonal. The tip of the yr is often the strongest, whereas the start is slower.
The Chinese language New Yr, when gross sales are particularly sluggish this yr, runs from January 28 to February 4. Most automakers in China reported decrease gross sales numbers to start out the yr than in December, however they’re nonetheless larger than the earlier yr because the market continues shifting to EVs.
BYD, which stopped making automobiles totally powered by fuel engines in 2022, is aggressively increasing into new abroad markets with competitively priced fashions.
After outselling Honda and Nissan for the primary time in 2024, will BYD proceed climbing the worldwide gross sales ranks this yr? It may very well be on tempo to high Ford. Tell us what you suppose within the feedback.
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