BYD Produces Its 7 Millionth New Energy Vehicle
A New Record In The Automotive Industry
BYD, a global leader in new energy vehicles (NEVs) and power batteries, celebrated the production of its seven millionth NEV, the Denza N7, on March 25, 2024, at the company’s Jinan factory in China, setting a new record in the automotive industry.
The journey to this milestone began in May 2021, when BYD manufactured its one-millionth NEV.
The company tripled this output within 18 months and then surged past five million units in an additional nine months.
BYD’s rapid progress to the seven-million mark, achieved in only seven months from the last milestone, underscores its efficient supply chain and the benefits of large-scale NEV production in China.
Global Leader
In 2023, BYD, a Fortune Global 500 company, solidified its leadership position with an impressive 3.02 million units in cumulative annual NEV sales, leading the global NEV market.
BYD’s array of models has consistently dominated sales charts across various categories, thanks to the brand’s extensive portfolio.
In its quest for global expansion, BYD made significant inroads into the international market in 2023, including increasing its footprint in the Middle East region.
The company’s overseas sales of new energy passenger cars witnessed a staggering 337% year-on-year increase, topping 240,000 units and crowning it as the leading Chinese NEV exporter for 2023.
BYD’s NEVs are available in 64 countries and regions worldwide, bolstered by strategic manufacturing investments in Thailand, Brazil, Uzbekistan, and Hungary.
This year, BYD is the official partner of the UEFA European Football Championship 2024, further elevating its global brand presence.
International Markets
The company remains committed to enhancing product localisation, technology, and brand strategy across its international markets, propelling the automotive industry towards a more sustainable future.
Founded in 1995, BYD has evolved from a rechargeable battery manufacturer to a multinational conglomerate focusing on automobiles, rail transit, new energy, and electronics.
Operating over 30 industrial parks globally, BYD is at the forefront of offering zero-emission energy solutions aimed at diminishing the world’s dependence on fossil fuels. Its NEV reach spans six continents, over 70 countries and regions, and 400 cities.
Established in 2003 as a subsidiary of BYD Company, BYD Auto specialises in developing pure electric and plug-in hybrid vehicles. It has achieved significant advancements in NEV technologies, including creating the Blade battery and various other proprietary systems.
BYD Auto has ceased producing internal combustion engine vehicles, demonstrating its commitment to a green planet and maintaining its leading position in China’s NEV market for over a decade.
Featured image: BYD employees celebrate the seven millionth NEV at China’s Jinan factory. Credit: BYD
