BYD logs 2.4% YoY increase in Aug. sales, but NEV sales still fall 8.59%

Shanghai (Gasgoo)- In August, BYD sustained an upward momentum with its vehicle sales climbing 2.4% year on year to 36,872 units, according to an announcement BYD Company Limited released on September 7.

Compared to the previous month, the automaker also gained an apparent growth of 17.49%.

The year-on-year increase should be greatly credited to the sales growth achieved by the oil-fueled vehicle unit. In August, the sales volume of fuel-burning vehicles rose 11.45% from a year earlier to 21,499 units, thanks to the 92.71% and 6.75% increase in sedan and SUV sales. However, MPV sales still fell 17.57% from a year earlier.

BYD saw its new energy vehicle (NEV) sales dropped 8.59% year over year to 15,283 units, but edge up 1.21% compared to July 2020. Of those, PV sales reached 14,009 units (-12.99% YoY), including 9,414 BEVs (-14.46% YoY) and 4,595 PHEVs (-9.81%).

Notably, the PHEV sales surged 37.62% from the previous month, which directly resulted in the month-on-month growth in total new energy PV sales.

(BYD Han EV, photo source: BYD's WeChat account)

As for the specific sales of key models, the August sales volume of the BYD Han amounted to 4,000 units, indicating that the intelligent new energy flagship model was well received by consumers thanks to its high cost effectiveness.

(Song Pro, photo source: BYD's WeChat account)

In August, the sales volumes of the Tang and the Song series stood at 3,288 units and 17,200 units respectively. BYD said via its WeChat account, the company sold 11,457 Song Pro SUVs and 3,676 Song Max MPVs during that month. Moreover, the sales volumes of the Qin and Yuan families amounted to 6,950 units and 1,015 units.

(BYD e series, photo source: BYD's WeChat account)

The August sales of the BEV-focused e series reached 2,011 units last month, of which 1,557 units were the e2 all-electric cars.

With 226,792 vehicles sold in total, BYD recorded a 23.14% year-over-year decrease in year-to-date sales, 3.51 percentage points fewer than the decline in Jan.-Jul. sales. Its NEV sales totaled 91,060 units for the Jan.-Aug. period, plunging 49.11% over the previous year.