BYD scores 137.88% robust surge in Nov. NEV sales

Shanghai (Gasgoo)- BYD's new vehicle sales reached 53,943 units in Nov., leaping 30.63% year on year and rising 13.01% month on month. In the Jan.-Nov. period, the automaker sold a total of 370,650 vehicles, posting an 11.37% decrease over a year ago, 4.61 percentage points lower than the drop in Jan.-Oct. sales.

The sales of oil-fueled vehicles slid 9.38% from the previous year to 27,253 units last month, while grew 11.17% compared to October. Fuel-burning vehicle business started facing decrease in September after six-consecutive-month upturn.

BYD saw its new energy vehicle (NEV) sales zoomed up 137.88% from the year-ago period to 26,690 units, of which 25,553 units were all-electric passenger vehicles, a remarkable year-on-year hike of 139.37%.

NEV sales have posted a solid rebound for three straight months. However, on the whole, BYD's NEV unit was still outperformed by the oil-fuel vehicle arm mainly due to the coronavirus pandemic and the phase-out of NEV subsidy starting the second half of 2019.

BYD Han EV; photo credit: BYD

The BYD Han also served a driving force to the overall NEV sales. With 10,105 units sold last month, the flagship sedan posted a 33.9% growth over the previous month.

On November 12, the 20,000^th Han EV rolled off the production line at BYD’s Shenzhen plant. What’s more, the monthly output of the model will soon exceed 10,000 units, according to an executive of the company.

BYD Song Plus; photo credit: BYD

Among the vehicles sold last month, 3,972 units were from BYD's Tang family. Besides, the sales of the Song, the Qin and the Yuan series reached 24,647 units (+21% MoM), 7,885 units (+15.8% MoM) and 1,260 units (+13.3% MoM) respectively. The BEV-focused e series had a sale volume of 3,258 units, a year-on-year increase of 33.5%.