Posted on 16 Nov 2022
It took BYD 13 years to produce the first one million new energy vehicles, and another year and a half to see that number increase from 1 million to 3 million.
BYD today officially marked the launch of its three millionth new energy vehicle (NEV), becoming the first Chinese automaker to reach this milestone.
The company celebrated the occasion today with a launch event at its global headquarters in Shenzhen.
BYD’s three millionth new energy vehicle, an all-electric Seal, was officially launched in China on 29 July and 11,267 units were delivered in October.
BYD Chairman and President Wang Chuanfu delivered the vehicle to Chinese female soccer star Wang Shuang at today’s event.
It took BYD 13 years to see its new energy vehicle production reach its first million units.
Since then, its production has accelerated significantly, producing its second millionth new energy vehicle in just one year.
BYD has gone from 2 million to 3 million new energy vehicles off the production line in just six months.
BYD sold 217,816 new energy vehicles worldwide in October, exceeding 200,000 units for the second consecutive month. The company stopped producing and selling vehicles powered entirely by internal combustion engines in March.
According to data released earlier this month by the China Passenger Association (CPCA), BYD retailed 205,789 passenger vehicles in China in October, accounting for 11.2 percent of total passenger vehicle sales in the country during the month.
From January to October, BYD’s cumulative sales of new energy vehicles were 1,397,870 units, up 233.92% from 418,619 units in the same period last year.
BYD’s year-to-date sales of pure electric passenger cars were 685,286 units, up 202.75% from 226,356 units in the same period last year.