BYD Concludes 2023 with Record 3 Million Annual Sales, Leading Global NEV Market

January 3, 2024 by BYD UK

BYD Annual Sales Exceeds 3 Million Units

BYD has concluded 2023 with record-breaking sales volume, which surpasses the 3 million annual sales target and becomes the global new energy vehicle (NEV) sales champion, for the second year in a row. This year also marks BYD being listed among the global top 10 of car sales for the first time. In the Chinese market, BYD retained its position as the best-selling car brand and manufacturer.

December saw sales of 341,043 units, a 45% increase, culminating in a total of 3,024,417 vehicles sold throughout the year, a substantial 61.9% surge from the previous year.

Leap in Export and Globalization

In 2023, BYD's international market presence surged remarkably, with exports growing by 334.2% to 242,765 units and its reach across over 70 countries on six continents. With BYD's technological prowess and commitment to providing global consumers with more eco-friendly and efficient mobility solutions, coupled with the support from global top-tier partners, BYD's technology and products have been favoured by numerous global consumers and given a multitude of product recognitions.

Extensive Brand Martix with Strong Market Response

In 2023, BYD completed its brand matrix, including the Dynasty series, Ocean series, DENZA, FANGCHENGBAO, and YANGWANG. This development solidifies BYD's position as having one of the most extensive portfolios in the global new energy sector.

Dynasty and Ocean series achieved impressive sales of 2,877,353 units, marking a 55.3% increase from the previous year. DENZA sold 127,840 units in 2023, with the DENZA D9 emerging as the annual MPV sales champion. Besides, the upcoming OTA for DENZA N7 is set to showcase BYD's leading position in intelligent vehicle technology.

YANGWANG and FANGCHENGBAO, both launched in 2023 and initiated deliveries in November, received excellent market responses. YANGWANG U8 emerged as a top seller in the million-level NEV segment, while BAO 5 established a strong foothold in the off-road segment.

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From leading China's NEV market to becoming the top global NEV seller, and now ranking among the top ten in the global automotive industry, BYD has showcased the vast potential of the new energy sector. With the commitment to leveraging 'technological innovations for a better life,' BYD will continue to accelerate the transition towards a greener future and contribute to its vision to 'Cool the Earth by 1°C.'

About BYD

BYD is a multinational high-tech company devoted to leveraging technological innovations for a better life. Founded in 1995 as a rechargeable battery maker, BYD now boasts a diverse business scope covering automobiles, rail transit, new energy, and electronics, with over 30 industrial parks in China, the United States, Canada, Japan, Brazil, Hungary, and India. From energy generation and storage to its applications, BYD is dedicated to providing zero-emission energy solutions that reduce global reliance on fossil fuels. Its new energy vehicle footprint now covers 6 continents, over 70 countries and regions, and more than 400 cities. Listed in both Hong Kong and Shenzhen Stock Exchanges, the company is known to be a Fortune Global 500 enterprise that furnishes innovations in pursuit of a greener world.

About BYD Auto

Founded in 2003, BYD Auto is the automotive subsidiary of BYD, a multinational high-tech company devoted to leveraging technological innovations for a better life. Aiming to accelerate the green transition of the global transportation sector, BYD Auto focuses on developing pure electric and plug-in hybrid vehicles. The company has mastered the core technologies of the entire industrial chain of new energy vehicles, such as batteries, electric motors, and electronic controllers. It has witnessed in recent years significant technological advancements, including the Blade Battery, DM-i Super Hybrid Technology, e Platform 3.0, CTB Technology, e⁴ Platform, BYD DiSus Intelligent Body Control System, and DMO super hybrid system. The company is the world's first carmaker to stop the production of fossil-fueled vehicles on the EV shift and has remained top of new energy passenger vehicle sales in China for 10 years in a row.

For more information, please visit www.byd.com.