BYD announced its latest production and sales snapshot on 1 December. According to the data, BYD sold 506,804 vehicles in November, an increase of 204,901 vehicles compared with 301,903 vehicles in the same period last year. From January to November this year, the cumulative sales volume was 3,757,336 units, compared with 2,683,374 units in the same period last year, a year-on-year increase of 40.02 %.
According to the official annual sales target of 4.2 million units set earlier, the current BYD sales target completion rate has reached 89.5 per cent. It means that BYD only needs to complete 440,000 sales in the last month to reach the annual target. Taking the sales of BYD in November as a reference, it is not very difficult to reach the annual target this year.
Global Market
BYD exported 31,000 units in November, and its cumulative exports from January to November this year exceeded 350,000 units.
DENZA officially entered the Thailand market in November, marking an important step in the strategic layout of DENZA in Southeast Asia's largest automotive market; Yuan UP was launched in Mexico on 5 November, further opening up the Latin American market; The Sealion 07EV was launched in Europe on 12 November, with ultra-high-performance motors highlighting its technical strength, and the product is expected to be delivered starting in 2025. It is expected that the company's continuous development in major global automotive consumer markets will open the ceiling of sales growth.
