China’s leading EV maker hit a milestone, selling over 400,000 vehicles for the first time last month. just had its fourth straight month of record-breaking sales as its dominant run continued in September. Will it be enough to top Tesla for the global EV sales crown? According to its , BYD sold a record 419,426 new energy vehicles (NEVs) in September.
That includes electric vehicles (EVs) and plug-in hybrids (PHEVs). BYD’s Dynasty/ Ocean models accounted for 401,572 of the sales, Fangchengbao had 5,422, Denza 10,299, and Yangwang sold 310 vehicles. The growth was enough to top its of 373,082 sold in August.
BYD has now had four straight months of record-breaking sales. BYD’s growth was primarily fueled by PHEVs, with 252,647 units sold last month, surging 86% from September 2023. September was BYD’s seventh consecutive month with record PHEV sales.
The company has now sold nearly 1.6 million PHEV models in 2024, an increase of 53% from last year. Meanwhile, EV sales continued to pick up.
BYD sold 164,956 all-electric vehicles in September, up 9% from a year ago and 11% from August. BYD’s cheapest EV, the Seagull, was China’s (40,949 models sold), with prices starting at under $10,000 (69,800 yuan). In September, BYD sold another 43,425 Seagull EVs.
Although BYD is best known for its affordable electric cars, the company is quickly expanding its lineup with , luxury models, and electric supercars hitting the market. BYD has now sold 1,169,579 EVs through the first.
