BYD Produces 7 Millionth New Energy Vehicle

On 25 March, BYD rolled off its 7 millionth new energy vehicle, the DENZA N7, at its Jinan factory in China. NEVs include plug-in hybrids and battery-electric vehicles.

BYD reached the production of 1 millionth NEV in May 2021 and rapidly multiplied this figure threefold within 18 months, then surpassed 5 million units in 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, BYD’s cumulative annual sales of NEVs rose to 3.02 million units. A variety of models from its extensive brand portfolio consistently led sales rankings within their individual categories.

BYD expanded its global footprint in 2023, witnessing a surge in overseas new energy passenger car sales that exceeded 240,000 units—a 337% year-on-year growth—making it the top Chinese exporter of NEVs in 2023.

BYD’s 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.

Founded in 1995 as a rechargeable battery maker, BYD now boasts a diverse business scope covering automobiles, rail transit, new energy, and electronics, with more than 30 industrial parks in China, the United States, Canada, Japan, Brazil, Hungary, and India.