By selling 514,809 units across the planet last month, BYD has wrapped up 2024 with worldwide sales of 4,272,145 units (+41.3% over 2023’s 3,024,417 units). It’s a new annual sales record for the Chinese carmaker and the first time it’s broken four million, Car News China reports.
Here’s the breakdown: 1,764,992 passenger battery-electric vehicles (EV), 2,485,378 passenger plug-in hybrids (PHEV) and 21,775 commercial vehicles. That’s 41.5% EV/58.5% PHEV in 2024 (720k more PHEVs than EVs), compared with 52.1% EV/47.9% PHEV in 2023 (125k more EVs than PHEVs).
You can see the tables have turned quite spectacularly – a consequence of Western tariffs on Chinese EVs, or changing consumer preferences at home? Against 2023, BYD’s EV sales increased 12% from 1.6 million units, while its PHEVs went up an incredible 72.8% from 1.4 million units.
What about exports? December saw 57,154 BYDs find homes outside China, propelling its 2024 total to 417,204 units. That’s nearly 72% more than the 242,766 units it exported in 2023; itself an insane 334% jump over 2022.
Cars aside, BYD is the Middle Kingdom’s number two battery supplier, with Tesla, Nio, and Toyota among its customers. The carmaker with the most R&D staff in the world installed 23.5 GWh of battery capacity in December (+32% year-on-year). In 2024, cumulative battery installations, including in EVs and stationary energy storage, hit 194.7 GWh (+29% YoY).
Closer to home, the Chinese giant is setting up a plant in Indonesia that is expected to begin operations in 2025’s fourth quarter, creating around 8,700 jobs. The company will be 31 years old this year.
China number one, Malaysia number last
BYD exported mostly BEV
which mean alot Chinese
Bought BYD hybrid >>>BEV
We here indeed dumping ground
No such thing! Btw, all countries bringing BYD models with latest features and new model but not old model
From paragraph-2 above
“Here’s the breakdown: 1,764,992 passenger battery-electric vehicles (EV), 2,485,378 passenger plug-in hybrids (PHEV) and 21,775 commercial vehicles. That’s 41.5% EV/58.5% PHEV in 2024 (720k more PHEVs than EVs)”
Question: if Chinese people prefer PHEV over EV, why don’t we get any PHEV model here?
look at the pricing structure. ev get exemption from our govt making it aggressively priced vs phev/hybrid which dont enjoy the exemption. with the exemptions byd ev are specs to the max which offering very competitive prices compared to similar ice motor vehicle.
if you are byd marketing head – which route you choose?
walao.. can dont direct translate / AI generate or not.. Middle kingdom??? CHINA?? LOL… lousy
Middle kingdom is referring to China. What is the problem here?
Nothing wrong with that? “Middle Kingdom” is often used in news and media referring to China..
Unless.. you don’t read news?.. lol
kesian. fail geografi.
no surprise..
Hybrid will be main stream than BEV..
EV and Hybrid are great
PHEV way to go… daily stuck in jam use battery, balik kampung pump petrol.
EV is not really bad. Drive for whole day, then charge and then drive again
Nice
almost 80% of this sold in China to dealers and then sent to yards to rot. they are absent from major world markets due to lack of standards. only SE Asia used a dumping ground.
Terbaik