BYD's Record-Breaking January: Surge in NEV Output and Sales

BYD NEV

In January 2025, China's BYD, the largest new energy vehicle (NEV) manufacturer, reported impressive growth in both output and sales. This continued surge in production solidifies BYD’s dominance in the NEV market, setting a high standard for the industry.

Strong Increase in NEV Output

BYD's NEV production soared by 59% in January 2025, compared to the previous year. The company manufactured a total of 327,864 units, which included 4,053 commercial NEVs and 323,811 passenger vehicles. Notably, BYD's passenger BEVs (battery electric vehicles) saw a 20% increase, with a total of 136,931 units produced. Meanwhile, the production of PHEVs (plug-in hybrid electric vehicles) skyrocketed, more than doubling from the previous year to reach 186,880 units.

In 2024, BYD’s total NEV production reached 4.304 million units, marking a 41% increase compared to 2023. The company has firmly positioned itself as China’s leading EV producer since March 2022, when it transitioned away from gasoline-fueled vehicle production in favor of BEVs and PHEVs.

BYD’s Impressive Sales Performance

BYD also reported a 49% rise in sales for January 2025, with a total of 300,538 NEVs sold. The breakdown of these sales includes 4,092 commercial vehicles and 296,446 passenger vehicles. Among the passenger vehicles, BEV sales increased by 19%, reaching 125,377 units, while PHEV sales surged by 79%, totaling 171,069 units.

Overall, BYD’s 2024 sales reached 4.272 million NEVs, accounting for the entirety of the company’s vehicle sales. The company's future prospects are equally optimistic, with forecasts predicting sales could hit between 5 million and 6 million units in 2025.

Expanding Global Footprint

In addition to its stellar domestic performance, BYD is aggressively expanding its global footprint. The company has been establishing production facilities in multiple countries, including Hungary, Thailand, Brazil, Uzbekistan, Cambodia, Morocco, India, Turkey, and Vietnam. These international sites are expected to contribute a combined capacity of 1 million EVs per year.

BYD’s commitment to the NEV market is further solidified by its role as a major player in battery manufacturing. In January 2025 alone, the company installed 15.511 GWh of power and energy storage batteries, marking a 37% year-over-year increase.