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BYD sells 313,245 NEVs in Apr, overseas sales hit record high

Phate Zhang

May 1, 2024 19:27 GMT+8

BYD sold 134,465 BEVs in April, down 3.89 percent from March, and 177,583 PHEVs, up 9.8 percent from March.

BYD (HKG: 1211, OTCMKTS: BYDDY) saw further sales growth last month, which continued to be the second highest on record.

The company sold 313,245 new energy-vehicles (NEVs) in April, up 48.96 percent from 210,295 in the same month last year and up 3.57 percent from 302,459 in March, according to figures it released today.

BYD ceased production and sales of vehicles powered entirely by internal combustion engines in March 2022, switching to a focus on the production of plug-in hybrids (PHEVs) and battery electric vehicles (BEVs).

In addition to being China's largest NEV company, BYD is also China's second-largest power battery maker.

BYD's installed base of power and energy storage batteries amounted to about 12.559 GWh in April, up 26.17 percent year-on-year and 6.78 percent from March.