BYD, the global leader in new energy vehicles (NEVs) and power batteries, has achieved another remarkable feat, rolling off its 7 millionth NEV on March 25th. This milestone vehicle, a Denza N7 SUV, marks a significant achievement in the company’s rapid growth trajectory and solidifies its position at the forefront of the electric vehicle revolution.
The 7 millionth NEV production milestone is a testament to BYD‘s remarkable production ramp-up. It took the company only 18 months to triple its production from 1 million NEVs achieved in May 2021. This rapid growth continued, with BYD surpassing the 5 million NEV mark just 9 months later. The latest milestone, reached within just 7 months of hitting 5 million units, underscores BYD’s robust end-to-end supply chain and the power of economies of scale.
This achievement coincides with BYD’s dominant performance in the NEV sales arena. In 2023, the company sold a staggering 3.02 million NEVs, solidifying its position as the undisputed global leader in NEV sales. This success can be attributed to BYD’s diverse portfolio, with a variety of models consistently leading their respective segments in sales rankings.
Recognizing the growing importance of the international market, BYD has been aggressively expanding its global footprint. In 2023, the company witnessed a phenomenal surge in overseas sales of new energy passenger cars, exceeding 240,000 units – a staggering 337% year-on-year growth. This impressive performance cemented BYD’s position as the top Chinese exporter of NEVs in 2023.
BYD’s global commitment extends beyond sales figures. The company has actively introduced its new energy vehicles to a staggering 64 countries and regions worldwide. This international presence is further bolstered by strategic investments in manufacturing facilities across the globe, including Thailand, Brazil, Uzbekistan, and Hungary.
BYD’s dedication to the global stage is further highlighted by its recent partnership with the UEFA European Football Championship 2024™. This high-profile sponsorship allows BYD to showcase its cutting-edge electric vehicles on a massive international platform.
Looking ahead, BYD remains committed to expanding its global presence. The company plans to focus on deepening localization strategies for its products, technologies, and brand image across international markets. This commitment to internationalization positions BYD as a key player in driving the global automotive industry towards a more sustainable future.
With its relentless pursuit of innovation and unwavering commitment to clean energy solutions, BYD’s 7 millionth NEV production milestone serves as a powerful symbol of the company’s leadership role in the electric vehicle revolution. As BYD continues to expand its global footprint and champion sustainable transportation solutions, the future of electric mobility appears bright.
