BYD’s August vehicle sales increased 155% year on year

Shenzhen-based auto company BYD, which has recently faced reports of Warren Buffett’s share cut, released its latest sales data on Sept. 2. In August, BYD’s total sales hit a new high, with monthly sales volume of 175,000 units, up 155%. from year to year.

BYD’s new energy passenger car sales volume was 174,000 units, up 157% year-on-year. From January to August, BYD’s total new energy passenger car sales volume was 979,000 units, up 267% year-on-year.

Overall, hybrid vehicles are growing faster. In August, the sales volume of hybrid-powered passenger cars was 91,000 units, up 203% year on year, while the sales volume of pure electric passenger cars was 83,000 units, up 172% over a year.

Wang Chuanfu, chairman of BYD, revealed in a conference call that the electric vehicle maker currently has more than 700,000 orders in hand and the delivery cycle for new car orders is four to five months. According to Wang, BYD’s monthly delivery volume will reach about 280,000 vehicles by the end of 2022. In 2023, the total sales volume of China’s new energy vehicle market will reach about 9-10 million. units, while the total sales volume of BYD the new cars will exceed 4 million units.

With over 27 years of experience in battery research and development, BYD has made breakthroughs in DM-i super hybrid technology, lithium ferrous phosphate blade batteries, electronics 3.0 platform and others.

However, at this stage, due to repeated pandemic outbreaks and power supply problems, the delivery of new cars such as BYD’s Seal model is under great pressure. Data shows that in August, among BYD’s Dynasty series, the sales volume of Han, Tang, Song, Qin and Yuan models were 26,000, 11,000, 43,000, 39,000 and 18,000 units, respectively. In the Ocean series, the sales volume of the Destroyer 05 was 8,725 units, an increase of 16% from the previous month, and the sales volume of the Dolphin model was 23,000 units, an increase of only 12 % compared to the previous month.

Regarding the D9 model belonging to Denza, a high-end brand under BYD, Zhao Changjiang, general manager of Denza’s sales division, said on social media on September 2 that he feared a problem. “black swan” supply chain from happening. if he discloses the reason for the delays in delivery. The real reasons, claimed by Zhao, were European supply chain issues and Shanghai’s prolonged lockdown.

SEE ALSO: Denza’s first mid-size SUV concept car unveiled

Zhao pointed out that the D9 cars will be shipped to various cities in the near future, and all will arrive around September 10. Centralized test drives in select cities will begin in mid-September and in-store test drives will begin at the end of the month. The estimated delivery volume in the following months is over 3,000 units in October, 5,000-7,000 units in November, 10,000 units in December and 10,000 units in January respectively.

Comments are closed.