BYD surpassed its official 2024 delivery target already in Nov, with record 504,804 passenger EVs sold

BYD sold 504,003 passenger vehicles in Nov, up 67.2% from 301,378 units last year and 0.7% from the previous Oct, creating a new monthly record. BYD sales are over half a million vehicles a second consecutive month.

In 2024 (Jan to Nov), BYD sold 3,740,930 passenger vehicles, up 40.0% from the same period last year. BYD's official target is to deliver 3.6 million vehicles in 2024, which was already exceeded in Nov. In Sep, BYD denied it raised the annual target to 4 million.

BYD's overseas NEV sales reached 30,977 units in Nov, and the company claims that 28,141 units have already been exported.

BYD's EV and energy storage battery installations totaled approximately 22.47 GWh, bringing the cumulative installed capacity in 2024 to about 171.21 GWh.

BYD's all-electric vehicle (BEV) sales broke the three-consecutive month of brand share decrease and rose 1.4% to 39.3% in Nov, as BYD delivered 198,065 all-electric cars.

PHEV's share slightly decreased to 60.7% brand share, as BYD delivered 305,938 plug-in hybrid vehicles in November.

To sum it up, BYD sold 506,804 vehicles in Oct, including:

- Passenger NEVs: 504,003 units

- Commercial NEVs: 2,801 units

-- Others: 2,352 units

-- Buses: 449 units

- BEVs: 198,065 units

- PHEVs: 305,938 units

While it produced 540,588 vehicles, including:

- Passenger NEVs: 536,926 units

- Commercial NEVs: 3,662 units

-- Others: 3,213 units

-- Buses: 449 units

- BEVs: 208,859 units

- PHEVs: 328,067 units