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BYD annual NEV sales exceed target by 13%

Nancy From Gasgoo| January 16 , 2018

China auto market news, BYD NEV sales, BYD Song Qin Tang

Shanghai (Gasgoo)- BYD released its NEV sales data on Jan. 14. During 2017, BYD delivered 113,669 NEVs with a year-on-year increase of 13.4%, taking the championship of Chinese NEV sales for single brand for four consecutive years. What's more, BYD exceeded its annual sales target of 100,000 units, reaching an annual slaes target completion rate of 113%. 

In December, BYD sold 17,052 NEVs, surging 118.6% year on year and increasing 32.5% month on month. According to the official data, more than 50% NEV sales of BYD comes from the cities which haven't implemented vehicle-purchasing restrictions, taking 70% shares of mid- and high-end vehicle market.

Specifically, sales of plug-in hybrid vehicle reached 66,241 units, accounting for nearly 60% of BYD's total NEV sales. Among them, the Song DM, with 30,991 units delivered throughout 2017, took the sales crown of plug-in hybrid vehicles in China. In December, the Song DM sales were up 37.6% month on month to 4,634 units. With delivery of 4,543 units, the Qin was the second best-selling model of BYD in December.

Launched at the end of September, BYD's all-new MPV, the Song MAX, with cumulative deliveries of 30,390 units, received orders of more than 60,000 units. Apart from the existing 1.5T model, the Song MAX will come with a plug-in hybrid system. The new Tang will be powered by 2.0T plug-in hybrid system, which delivers a maximum power output of 367kW and sprints from 0-100km/h in 4.5 seconds. It will hit the market in the first half of this year.

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