The overwhelming majority of BYD sales are in China, while exports stand for a few percent of the total result.<\/em><\/p>\n Both all-electric and plug-in hybrid car sales have been above 100,000 units per month since October.<\/p>\n BEV sales increased year-over-year by almost 132 percent to 111,939 (although November was better), while PHEVs noted a growth of 176 percent year-over-year to 122,659 (a new high).<\/p>\n According to the company’s representative Lian Yubo (via CnEVPost<\/em>), if not for the 20,000-30,000-unit of lost production, December potentially would be at 250,000.<\/p>\n BYD plug-in car sales results:<\/p>\n Out of the total number, some 11,320 BYD plug-ins were exported. Besides passenger cars, BYD sold 599 commercial electric vehicles for a total of 235,197 plug-in vehicles last month.<\/p>\n In 2022, BYD sold more than 1.85 million plug-in electric cars, more than tripling its 2021 result of 593,745<\/a>. This makes the company the world’s largest manufacturer of rechargeable cars, although, in the case of all-electric cars, Tesla still has a significant edge (over 1.3 million deliveries<\/a>).<\/p>\n BYD plug-in sales year-to-date:<\/p>\n Including commercial vehicles, BYD sold a total of 1,863,494 rechargeable vehicles last year.<\/p>\n The cumulative number of BYD plug-in electric cars is now more than 3.3 million units.<\/p>\n In terms of models, the BYD Song family (BEV + PHEV) is the absolute hit with 70,079 units in December (another record) and 478,120 in 2022. This makes the Song the top Chinese SUV.<\/p>\n Here are some other notable results: the BYD Han family (BEV + PHEV) – 30,043 units (274,015 YTD), all-electric BYD Yuan – 29,468 units (229,020 YTD), all-electric BYD Dolphin – 26,074, BYD Qin family (BEV + PHEV) – 26,206, BYD Tang family (BEV + PHEV) – 20,165, all-electric BYD Seal – 15,378 and plug-in hybrid BYD Destroyer 05 – 6,107.<\/p>\n There is one new model on the list – the BYD Frigate 07 plug-in hybrid – with 1,805 units in the first month on the market.<\/p>\n It’s difficult to forecast anything in today’s world, but January-February might bring some serious slowdowns for BYD in China – partially it’s normal due to local holidays, while partially it might be related to COVID or other factors.<\/p>\n There were media reports (Automotive News<\/em>) that BYD will increase prices a bit in January 2023 – between 2,000 to 6,000 yuan ($290-$868), depending on the model, because of the end of government subsidies. It might slightly affect the demand side of the market.<\/p>\n Overall, BYD appears to be on the rise with many projects – new models, or even brands<\/a>, as well as geographical expansion (in Europe and multiple other countries around the world) – that we are cautiously optimistic about for future growth.<\/p>\n\n
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