BYD's monthly vehicle sales exceed 160,000 units for first time

Shanghai (Gasgoo)- BYD Company Limited ("BYD") saw its monthly auto sales hit another record high of 162,530 units in July 2022, zooming up 183.1% year on year, while also growing 21.26% month on month, the company announced on Wednesday.

The new vehicles sold last month were all new energy vehicles (“NEVs”) as BYD ceased the production of cars powered only by internal combustion engines in March this year.Compared to the same span in 2021, BYD's NEV sales in July soared 221.89%. The blooming growth was entirely ascribed to the 224.06% year-on-year surge in new energy passenger vehicles ("NEPV") sales, which stood at 162,214 units.

Nevertheless, the July sales of new energy commercial vehicles still fell at a two-digit rate year over year.

For the first seven months of 2022, BYD sold 808,929 vehicles in total, representing a 166.01% year-on-year spike. Its year-to-date NEV sales reached 803,880 units, surging 292% from a year earlier.

Regarding sales of its main vehicle models, the Han family recorded a sales volume of 25,849 units in July. Notably, the sales of the BYD Han DM rocketed 387.3% from the year-ago period.In addition, the Tang, Song, Qin, and Yuan series saw their monthly sales reach 11,788 units, 38,697 units, 34,114 units, and 22,172 units last month, respectively.The automaker also sold 7,548 Destroyer 05 (“Quzhujian 05”) sedans in July, which edged up 1.1% from the previous month. Meanwhile, the sales of the Dolphin all-electric car came in at 21,005 units, shooting up 102.4% from a month ago.

The 2022 Fortune Global 500 list was announced on August 3 with BYD taking a place for the first time. The company is on the path to be internationally competitive. Currently, BYD's NEV footprint extends to over 400 cities across 70 countries and regions worldwide. On July 21, BYD announced its official entry into the passenger vehicle market in Japan.