BYD is on track to exceed 4 million NEV sales in 2024; 504k in November

globalchinaev

Dec 2
BYD is on track to exceed 4 million NEV sales in 2024; 504k in November
Source: Denza

BYD officially announced on December 1st that it has delivered a total of 504,003 new energy passenger vehicles (all brands) at the wholesale level in November 2024, a year-on-year increase of 67.9%.

Not only is this the second consecutive month exceed 500,000 vehicles sold, but the 6th consecutive month-on-month deliveries record for BYD.

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The more premium sub-segment BYD Dynasty sold 253,129 vehicles, meanwhile the more affordable and youthful BYD Ocean delivered 229,819 vehicles.

As of YTD November 2024, BYD Dynasty and BYD Ocean have delivered 1.84 million and 1.72 million NEVs, respectively.

Qin PLUS DM-i
Source: BYD

The best-selling model of all BYD vehicles is the Qin (PLUS, L, and EV), selling 87,046 units in November and a YTD total of 648,637 Qin.

The higher-end sub-brand Denza delivered 10,002 vehicles, 6,100 of which were from the new large-size SUV Denza D9. Denza also sold 3,557 Z9GT and 345 Denza N7.

Denza has delivered a total of 110,976 vehicles YTD November 2024.

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Fangchengbao sold 8,521 vehicles, including 6,058 FCB 5 and 2,463 FCB 8, totaling 44,970 units YTD.

Finally, BYD’s ultra-premium sub-brand Yangwang delivered 302 vehicles, 278 of which were the Yangwang U8.

Yangwang has delivered a total of 7,143 vehicles as of November 2024.

BYD MONTHLY AND CUMULATIVE 2024 WHOLESALE SALES (IN 000S)

BYD has delivered a cumulative of 3.74 million vehicles in 2024, a YoY growth of 40.0% from 2.67 million vehicles and is well on pace to exceeded 4 million units in a single year.