Why did BYD's January sales decline?

BYD's vehicle sales fell by 30.1% in January, marking the fifth consecutive month of decline due to external uncertainties and tough domestic competition.

What is BYD's revised overseas shipment target for this year?

BYD has targeted 1.3 million vehicles in overseas shipments for this year, a downward revision from earlier projections.

How did BYD's plug-in hybrid sales perform in January?

Sales of BYD's plug-in hybrid cars, which make up over half of its total sales, fell by 28.5% in January.

Home / Business and Economy / BYD Sales Plummet Amid Fierce EV Competition

BYD Sales Plummet Amid Fierce EV Competition

1 Feb

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Summary

BYD vehicle sales decreased by 30.1% in January, marking the fifth consecutive monthly decline.
Global sales for January reached 210,051 vehicles, with production also down 29.1%.
The company aims for 1.3 million overseas shipments this year, a revised, lower target.

BYD Sales Plummet Amid Fierce EV Competition

BYD's global vehicle sales fell by 30.1% in January compared to the previous year, marking the fifth consecutive month of decline. The Chinese electric vehicle manufacturer reported selling 210,051 vehicles last month. Production also decreased by 29.1%, continuing a downward trend that began in July of the prior year.

Despite these figures, BYD is actively launching upgraded plug-in hybrid models to enhance appeal. However, sales of these hybrid cars, which constitute over half of BYD's sales, dropped by 28.5% in January. The company has set a revised target of 1.3 million vehicles for overseas shipments this year, a reduction from previous forecasts.