BYD Sets New Benchmark In NEV Production By Rolling Out 7 Millionth Vehicle

The company celebrated the production of its 7 millionth new energy vehicle (NEV), the DENZA N7, marking a milestone from its Jinan factory in China. This event positions BYD as the world’s first automaker to reach such a notable figure in NEV production.

The journey to this milestone was swift and efficient. BYD reached its 1 millionth NEV in May 2021 and saw this number triple within just 18 months. The company then surpassed 5 million units in a mere 9 months and reached the 6 million mark in November 2023.

Achieving the 7 million milestone within only 7 months from its last, BYD has displayed an impressive acceleration in production, backed by a robust supply chain and the benefits of scale.

In 2023, BYD’s annual sales of NEVs soared to 3.02 million units. This surge in sales has not only solidified its position as a global leader in NEV sales but also allowed the company to surpass Tesla as the top exporter of NEVs in 2023.

BYD’s NEVs have found a market in 64 countries and regions worldwide, with significant investments in manufacturing facilities in Thailand, Brazil, Uzbekistan, and Hungary. Furthermore, BYD’s engagement with the global market saw its overseas NEV passenger car sales exceed 240,000 units, representing a 337% growth year-on-year.

Adding to its list of achievements, BYD also became the official partner of the UEFA European Football Championship 2024, this partnership will spotlight its new energy vehicles on an international platform. With a commitment to expanding and deepening its localization strategies, BYD aims to continue leading the global automotive industry towards a more sustainable future.

DriveSpark Thinks

Recently, BYD made headlines in India with the launch of the Seal electric sedan, receiving over 500 orders within two weeks of its introduction. Alongside the Atto 3 SUV and the e6 MPV, the Seal sedan enriches BYD’s electric passenger vehicle portfolio in India. This expansion and the company’s accelerated production pace underscore BYD’s dedication to revolutionizing the global EV market.

BYD’s achievement is a testament to the company’s innovation, strategy, and commitment to sustainability. As BYD continues to expand its global footprint, it sets new benchmarks for the automotive industry, driving it towards a greener, more sustainable era.