BYD: BYD's cumulative sales of new energy vehicles in the first eight months of 2022 reached 978,800 units, a year-on-year increase of 267.31%

BYD released its August sales report, which showed that the sales of new energy vehicles in August were 174,900 units, compared with 61,400 units in the same period last year; the cumulative sales in the first eight months were 978,800 units, a year-on-year increase of 267.31%. In comparison, in July this year, BYD's new energy vehicle sales were 158,900 units, surpassing FAW-Volkswagen to become the sales champion in the Chinese auto market.

At the same time, BYD has officially stopped the production of fuel vehicles, which also means that all BYD passenger cars on sale are "green license plates".

Data disclosed by BYD showed that in August, sales of pure electric passenger cars were 82,678 units, and sales of plug-in hybrid models were 91,299 units, both of which set a historical record.

In addition, at BYD's recent earnings conference call, Wang Chuanfu revealed that BYD already has 700,000 orders on hand, and the delivery cycle for new car orders is 4-5 months. The company will strive to achieve a monthly delivery volume of 280,000 by the end of this year.

By then, BYD will have firmly taken the position of China's top automobile sales manufacturer and will have far widened the gap with the second place.

In terms of market development expectations, Wang Chuanfu believes that China's entire new energy market sales are estimated to be 9-10 million vehicles in 2023, and BYD's vehicle plan is to start at 4 million units.

Zikuai Technology