BYD Sets Global Record With Production Of 7 Million New Energy Vehicles

On March 25th, BYD, a global leader in the production of new energy vehicles (NEVs) and power batteries, marked a significant milestone by rolling off its 7 millionth NEV, the DENZA N7, at its Jinan factory in China. This event not only highlights BYD's dominance in the NEV market but also underscores its rapid growth and innovation in the automotive industry. The company achieved the production of its 1 millionth NEV in May 2021 and saw this number increase threefold within just 18 months. Following this, BYD surpassed 5 million units in a mere 9 additional months and reached the 7 million milestone within just 7 months from that point, demonstrating an impressive acceleration and the effectiveness of its end-to-end supply chain.

In 2023, BYD's cumulative annual sales of NEVs reached a staggering 3.02 million units, cementing its position as the global leader in NEV sales. Its diverse range of models led sales rankings across various categories, showcasing the brand's wide appeal and technological prowess. BYD has also made significant strides in expanding its international presence, with overseas new energy passenger car sales exceeding 240,000 units in 2023—a 337% increase from the previous year. This growth has established BYD as the top Chinese exporter of NEVs for the year.

BYD's global expansion efforts have seen its new energy passenger vehicles introduced to 64 countries and regions worldwide. The company has made strategic investments in manufacturing facilities across Thailand, Brazil, Uzbekistan, and Hungary to support this growth. Additionally, BYD has secured a partnership with the UEFA European Football Championship 2024™, further showcasing its new energy vehicles on an international stage.

Looking to the future, BYD is committed to enhancing its localization strategies for products, technologies, and brand presence across global markets. This approach aims to drive the automotive industry towards a more sustainable future by reducing reliance on fossil fuels and promoting green energy solutions.

BYD is a multinational high-tech company founded in 1995 as a rechargeable battery maker. Today, it operates across various sectors including automobiles, rail transit, new energy, and electronics. With over 30 industrial parks worldwide and listings on both Hong Kong and Shenzhen Stock Exchanges, BYD is recognized as a Fortune Global 500 enterprise dedicated to technological innovation for a greener world.

BYD Auto, established in 2003 as a subsidiary of BYD Company Ltd., focuses on developing pure electric and plug-in hybrid vehicles. It has pioneered several technological advancements such as the Blade Battery and DM-i Super Hybrid Technology. As the world's first automaker to cease production of fossil-fueled vehicles in favor of EVs, BYD Auto leads China's NEV sales for over a decade.

For more information about BYD's initiatives and contributions towards a sustainable automotive future, visit www.bydglobal.com.