BYD sees May sales drop 10.22%, while NEV sales surge 53.77%

Shanghai (Gasgoo)- Chinese automaker BYD Company Limited reported on June 6 that its sales in May of 2019 declined 10.22% over a year ago to 33,920 units, which were also 10.36% less than that of a month earlier.

However, as for the performance for the first five months, BYD still gained a slight year-on-year growth of 1.29% with 189,337 vehicles sold in total.

The monthly sales drop should be entirely attributed to the plunge falling on fuel-burning vehicles’ sales. In May, the automaker saw its oil-fueled vehicle sales tumble 48.93% from the previous year to 12,021 units. Of that, the sales of sedans and MPVs slumped 45.1% to 2,544 units and 57.74% to 6,037 units respectively. The SUV sales reached 3,440 units, still presenting a year-on-year decrease of 25.54%.

By the end of May, BYD has sold 70,255 fuel-burning vehicles in 2019 with a sharp decline of 45.59%.

BYD's NEV sales performance in May was still quite satisfactory. A total of 21,899 NEVs were sold last month, showing a remarkable increase of 53.77% compared the same period a year ago. The monthly new energy PV sales amounted to 20,945 units (+56.45%), among which BEVs and PHEVs contributed 15,312 units (+193.73%) and 5,633 units (-31.09%) respectively. Besides, new energy CV sales climbed 11.84% over a year ago to 954 units.

The automaker sold 119,082 NEVs through May. It is worth mentioning that the Jan.-May. BEV sales skyrocketed 375.22% from the year-ago period to 76,915 units.

Meanwhile, BYD reported that its installed capacity of NEV power battery and energy storage battery for May was approximately 1.312GWh. The cumulative installed capacity for the year 2019 aggregated around 6.903GWh.