Chinese electric vehicle (EV) giant BYD has kicked off 2025 with a bang, reporting global sales of 322,846 units in February. This 8.9% rise from January’s numbers highlights a robust post-Chinese New Year (CNY) recovery and underscores BYD’s expanding international influence.
Export Boom:
February saw BYD exporting a record 67,025 vehicles, a remarkable 187.8% increase compared to the same month last year. This marks the third consecutive month of export growth, reflecting BYD’s aggressive global strategy.
The company is enhancing its shipping capabilities, aiming for a fleet of eight car carriers by 2026. The recent launch of the “BYD Shenzhen RoRo,” its largest carrier with a capacity of 9,200 vehicles, is a testament to this commitment.
Sales Performance:
BYD’s sales include its main BYD-branded vehicles (Dynasty and Ocean series) and its sub-brands: Denza, Fang Cheng Bao, and Yangwang. The February sales distribution was:
BYD-branded cars: 304,673 units
Denza: 8,513 units
Fang Cheng Bao: 4,942 units
Yangwang: 105 units
While February sales surged 165.2% year-over-year, the variable CNY holiday impacts comparisons. A more accurate measure combines January and February sales, totaling 614,679 units—a 90% increase from the same period last year. Exports for the first two months hit 133,361 units, up 124%.
Strategic Focus and Future Outlook:
BYD’s emphasis on New Energy Vehicles (NEVs), including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), continues to pay off.
The company stopped producing internal combustion engine (ICE) vehicles in April 2022, reinforcing its green transportation goals. In 2024, BEVs contributed 42.3% to BYD’s sales, with PHEVs accounting for 57.7%.
BYD achieved global sales of 4.25 million passenger vehicles in 2024, up 41% from 2023. Exported EVs reached 417,204 units, a 71.9% increase, representing about 10% of total sales. Analysts predict BYD could sell around 5.5 million vehicles in 2025, solidifying its status as a global EV powerhouse.
