BYD offered 139,902 passenger BEVs and 161,729 PHEVs in March.
BYD (HKG: 1211, OTCMKTS: BYDDY) noticed a powerful rebound in new power automobile (NEV) gross sales final month, as the consequences of the Chinese language New Yr vacation subsided.
The corporate offered 302,459 NEVs in March, the second highest on report behind final December’s 341,043 items, in accordance with figures it launched at the moment.
That was a 147.29 p.c enhance from 122,311 in February and a 46.06 p.c enhance from 207,080 in the identical month final 12 months.
BYD ceased manufacturing and gross sales of autos powered totally by inner combustion engines in March 2022, switching to a concentrate on the manufacturing of plug-in hybrid autos (PHEVs) and battery electrical autos (BEVs).
BYD’s NEVs embrace passenger automobiles in addition to business autos, with gross sales of passenger NEVs up 46.36 p.c year-on-year to 301,631 items in March and up 147.75 p.c from February.
BYD’s business NEVs offered 828 items in March, down 16.45 p.c year-on-year whereas up 47.07 p.c from February.
Amongst passenger NEVs, BEVs offered 139,902 items in March, up 36.26 p.c year-on-year and up 154.79 p.c from February.
BYD offered 161,729 items of passenger PHEVs in March, up 56.38 p.c year-on-year and up 141.96 p.c from February.
In March, BYD offered a report 38,434 autos in abroad markets, surpassing the earlier report of 36,174 in January. This represents a year-on-year enhance of 188.72 p.c and a 65.02 p.c enhance from February.
BYD introduced its first abroad gross sales figures for NEVs in 2022 July.
Along with being China’s largest NEV firm, BYD can also be China’s second-largest energy battery maker.
BYD’s put in base of energy and power storage batteries amounted to about 11.762 GWh in March, up 18.92 p.c year-on-year and up 76.47 p.c from February.
Within the first quarter, BYD offered 626,263 NEVs, up 13.44 p.c year-on-year however down 33.71 p.c from the fourth quarter of 2023.
Its passenger NEVs offered 624,398 items within the first quarter, up 13.96 p.c year-on-year whereas down 33.76 p.c from the fourth quarter of final 12 months.
Business NEVs offered 1,865 items within the first quarter, down 55.16 p.c year-on-year and down 12.36 p.c from the fourth quarter final 12 months.
BYD offered 300,114 passenger BEVs within the first quarter, up 13.4 p.c year-on-year however down 42.99 p.c from the fourth quarter final 12 months.
Gross sales of passenger PHEVs have been 324,284 items, up 14.48 p.c year-on-year however down 22.09 p.c from the fourth quarter of final 12 months.
BYD’s abroad gross sales of NEVs within the first quarter have been 97,899 items, up 152.82 p.c year-on-year and primarily unchanged from 97,245 within the fourth quarter of final 12 months.
BYD’s put in capability of energy and power storage batteries within the first quarter was about 29.736 GWh, a rise of 10.17 p.c year-on-year and a lower of 40.50 p.c from the fourth quarter of final 12 months.