BYD just nabbed another ‘world’s first’ milestone as record sales run heats up
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China’s BYD just topped another major milestone. The EV giant produced its ten millionth new energy vehicle (NEV) this week, becoming the first automaker to accomplish the feat.
New Energy Vehicle: A Chinese term
A "New Energy Vehicle" (NEV) refers to a vehicle that is powered by alternative energy sources to fossil fuels, primarily including electric vehicles like battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hydrogen fuel cell vehicles (FCEVs); the term is most commonly used in China to describe these types of cars. .
BYD’s accomplishment comes just three years after its one-millionth NEV rolled off the assembly line.
After its fifth straight record sales month, BYD is now closing in on top global automakers like Ford.
BYD continued its dominant run after selling over 500,000 vehicles for the first time in a single month in October.
October was BYD’s fifth straight record-breaking month for NEV sales, including plug-in hybrid (PHEV) and battery electric (EV) models.
Through the first ten months of 2024, BYD has sold over 3.25 million NEVs, up 36% from last year.
Nearly 1.36 million of them were all-electric.
Amid a wave of new competition and an intensifying EV price war in China, BYD is setting up shop in key overseas markets to drive growth.
The company opened its first manufacturing plant in Thailand, a booming EV market.
New facilities are coming online soon in Hungary, Brazil, Pakistan, Turkey, and Mexico.
As BYD continues expanding into new markets, China’s EV giant is quickly catching up to global auto leaders.
After topping Nissan and Honda for the first time in Q3, BYD is now on pace to surpass Ford in global deliveries soon.
(BYD’s 10 millionth NEV rolls off the production line (Source: BYD)
BYD announced on social media Monday that it became the “world’s first automaker to achieve the rollout of the 10 millionth new energy vehicle.”
The milestone comes ahead of BYD’s 30th anniversary.
BYD was founded in 1995 with around 20 employees.
Now, it’s one of the largest in the world, with over 900,000 employees.
Ref: BYD just nabbed another ‘world’s first’ milestone as record sales run heats up (electrek)
Photo Credit-BYD
