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BYD rolls off its 7 millionth New Energy Vehicle

Published : Wednesday, 17 April, 2024 at 12:00 AM  Count : 758
Business Desk
BYD, the worlds leading manufacturer of new energy vehicles and power batteries, has recently become the worlds first automaker to roll off its 7 millionth New Energy Vehicle (NEV), the DENZA N7.
The car was unveiled at its Jinan factory in China, symbolizing another groundbreaking accomplishment for the brand, says a press release.
BYD reached the production of 1 million NEV in May 2021 and rapidly multiplied this figure threefold within 18 months, then surpassed 5 million units in merely 9 additional months.
In just 7 months from this mark, BYD accelerated to the 7 million milestone, showcasing a robust end-to-end supply chain and the effect of scale. In 2023, BYDs cumulative annual sales of NEV soared to 3.02 million units, solidifying its status as the global leader in NEV sales. A variety of models from its extensive brand portfolio consistently led sales rankings within their individual categories.
BYD actively engaged with the international market and quickly expanded its global footprint, including Bangladesh. The brand has witnessed a surge in overseas new energy passenger car sales that exceeded 240,000 units-a 337 percent year-on-year growth-making it the top Chinese exporter of NEVs in 2023. Up to now, BYDs new energy passenger vehicles have been introduced to 64 countries and regions globally, with strategic investments in manufacturing facilities in Thailand, Brazil, Uzbekistan, and Hungary.
This year, BYD also becomes the official partner of UEFA European Football Championship 2024™, showcasing its new energy vehicles on the world stage.
Looking ahead, BYD commits to broadening and deepening localization strategies for its products, technologies, and brand presence across international markets, continuing to drive the global automotive industry towards a greener era.


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