BYD sold 93,945 NEVs in December – up 226% YoY.

BYD released today its December Deliveries and Annual numbers in December. The number of New Energy Vehicles was 93,945, compared with 28,841 in the same period last year.

In addition, the company’s cumulative sales volume of NEVs in 2021 was 603,783, an increase of 218.3% year-on-year, compared with 189,689 in 2020;

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Source: BYD

Specifically, 48,317 BEV sold in December vs 19,482 in 2021.

44,506 PHEV sold in December vs 8,112 in 2021.

The Chinese Manufacturer produced 92,030 NEV in Dec vs 28,882 in 2021.

The company expects to sell up to 1.1-1.2 million New Energy Vehicles this year: 600,000 BEVs and 500,000-600,000 PHEVs

The company should be one of only a few manufacturers able to produce and sell more than 1 million plug-ins in a single year. At 1.2 million, BYD’s market share in the NEV market in China would be around 20-25%.

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According to a separate report, BYD notes tremendous demand for its plug-in hybrids right now. Last November, there were some 200,000 orders on various models, which at the time meant 4 months of waiting.

“The demand for BYD DM-i platform models exceeds supply, with orders on hand for up to 200,000 units, and that the delivery period for these models is now up to four months.”

BYD Chairman and President Wang Chuanfu (November 2019)
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