BYD announced its monthly production and sales report for June, with sales of new energy passenger vehicles reaching 40,116 units, a MoM growth of 30%, including:
- Pure electric vehicles: 20,016 units, a MoM growth of 11%.
- Plug-in hybrid vehicles: 20,100 units, a MoM growth of 57%.
- The cumulative sales of new energy vehicles this year were 150,211 units, with a YoY growth of 161.47%.
Sales analysis
With multiple electric vehicle models from the Dynasty series, such as Qin, Song, and Yuan, upgraded and restyled, as well as the overall sales growth of new energy vehicles in June, BYD’s sales of pure electric vehicles saw a slight MoM increase this month. On the other hand, the sales of plug-in hybrids showed a very clear MoM increase, which was the main source of sales growth this month. This also indicates that the delivery of the DM-i series has gradually gained momentum.
According to feedback from car owner groups, the delivery period for DM-i models is still relatively long, with some models taking almost 2 months. In addition, Han DM-i has been listed in the directory of the Ministry of Industry and Information Technology, and is likely to be released in the coming months.
Judging from the feedback on the pre-launch of hybrid models, the growth of BYD’s new energy product line in the second half of the year mainly relies on the DM-i series. When production capacity is improved and Han DM-i is launched, it is expected that the sales volume of BYD’s plug-in hybrids will further increase. The sales of pure electric product lines are relatively stable and will basically maintain consistency with the monthly market trends.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.