This is your ultimate guide to BYD sales and statistics, updated in February 2025.
Table of contents
- BYD Facts and Statistics (Editor’s Picks)
- Where are BYD EVs Made?
- BYD Annual Car Production
- How Many Cars Did BYD Sell in 2024?
- BYD Sales by Month
- BYD Sales by Quarter
- BYD Car Sales by Year
- BYD Sales by Model
- BYD Sales by Country (China, US, Europe)
- BYD Annual Revenue
- BYD Market Share
- BYD Sales vs Tesla
- Number of BYD Employees
In January, BYD sold 300,538 NEVs worldwide.
In the Q4 2024, BYD sold 595,413 passenger BEVs and 918,556 passenger PHEVs.
December was the most successful, with a record of 514,809 electric vehicles.
It seems BYD already enjoys a significant lead in the global EV market.
Loading ...As a leading Chinese electric vehicle manufacturer BYD started focusing on international expansion.
The company has entered different overseas markets and started business in Europe, North America, and Latin America.
BYD introduced fresh, eye-catching models, offering impressive range and fast charging capabilities.
Many say BYD entered the market by copying its competitors and offering cheaper products.
But is that really true?
Read on to find all the most recent data and stats about this Chinese automaker.
BYD Facts and Statistics (Editor’s Picks)
- BYD was founded in 1995 in Shenzhen, China, by Wang Chuanfu with 20 employees
- BYD acronym stands for “Build Your Dreams”
- BYD Auto started its automobile business in 2003
- BYD F3 was BYD’s first car, produced in 2005, priced at around USD ~10,000
- In 2008, Warren Buffett invested $232 million for a 10% share in BYD because he believed in ”new energy” vehicle success
- In 2009, BYD entered the bus industry, producing battery electric buses initiated by the Chinese government
- BYD entered the American market in 2011, establishing its North American headquarters in Los Angeles, California
- In 2016, BYD signed American actor Leonardo DiCaprio as the brand ambassador
- In 2021, BYD received 2,337 new patents in China and 297 overseas, totaling 19,837 Chinese patents and 3,411 overseas
- In 2022, BYD completely ended the production of internal combustion engine vehicles (ICE), focusing only on new energy vehicles
- BYD released its smallest and cheapest battery electric vehicle (BEV), called the Seagull, in April 2023
- In 2024, BYD introduced a cargo ship named BYD Explorer to carry their cars
- BYD is a leading producer of rechargeable batteries. They operate in the four core fields of Electronics, Automobile, New Energy, and Rail Transit
Where are BYD EVs Made?
The bulk of BYD’s electric vehicles are made in China.
However, the company also manufactures buses in facilities located outside of China:
- United States (California)
- Canada (Ontario)
- Brazil (Campinas)
- France (Beauvais)
- Hungary (Komárom)
BYD Cars Manufacturing Location
All BYD’s car manufacturing is in China:
- Shenzhen
- Xi’an
- Changsha and Chongqing
Headquarters: Shenzhen, China
BYD is building new plants in Thailand, Indonesia, Uzbekistan, and Mexico.
Source: BYD
BYD Annual Car Production
BYD had another record year, with worldwide car production in 2024.
In 2024 (January to December), BYD produced more than 4 million units (+41.3% YoY).
1,7 million were battery-only passenger cars and 2,5 million hybrids.
Smart EV Charging: Unlocking Its Full Potential
BYD was the world’s largest producer of electric passenger cars in 2024.
The graph below shows BYD’s annual car production from 2019 to 2024:
| Year | Production |
|---|---|
| 2019 | 455,073 |
| 2020 | 431,954 |
| 2021 | 747,540 |
| 2022 | 1,881,669 |
| 2023 | 3,045,231 |
| 2024 | 4,304,073 |
Sources: Statista
How Many Cars Did BYD Sell in 2024?
Chinese automaker BYD set new records in 2024.
BYD sold a record 4,272,145 vehicles, a 41.3% increase from the previous year.
Celebrating a Historic Achievement: BYD delivered more than 4 million New Energy Vehicles in 2024, proudly claiming the Global Sales Champion!
— BYD Global (@BYDGlobal) January 2, 2025
Together with our customers worldwide, we're building a cleaner and brighter tomorrow.#BYD #BuildYourDreams pic.twitter.com/bcd2KWF635
Battery electric vehicle (BEV) sales reached 1,764,992, up 12.1% from 2023.
Plug-in hybrid vehicle (PHEV) sales surged by 72.8%, totaling 2,485,378.
Commercial vehicle sales nearly doubled to 21,775, an 89.2% increase YoY.
BYD Sales by Month
In Januar 2025, BYD sold 300,538 vehicles, 41.6% lower compared to December 2024.
In January 2025, we achieved a total monthly sales of 300,538 New Energy Vehicles.
— BYD Global (@BYDGlobal) February 4, 2025
Let's continue striving for a more sustainable future!#BYD #BuildYourDreams pic.twitter.com/OpEhviGobM
A total of 3,577,841 Dynasty and Ocean models were sold in 2024.
These are BYD sales each month in 2024:
| Month | Sales |
|---|---|
| January | 201,493 |
| February | 122,311 |
| March | 302,459 |
| April | 313,245 |
| May | 331,817 |
| June | 341,658 |
| July | 342,383 |
| August | 373,083 |
| September | 419,426 |
| October | 502,657 |
| November | 506,804 |
| December | 514,809 |
December 2024 was the best month, with over 514,809 units sold.
BYD Sales by Quarter
Q4 was the strongest quarter, with over 1,524,270 vehicles sold.
| Quarter | Sales |
|---|---|
| Q2 2023 | 703,561 |
| Q3 2023 | 824,001 |
| Q4 2023 | 944,779 |
| Q1 2024 | 626,263 |
| Q2 2024 | 986,720 |
| Q3 2024 | 1,134,892 |
| Q4 2024 | 1,524,270 |
Sales increased each quarter, with the biggest jump in Q4.
Q4 2024 sales grew 61.4% from Q4 2023, making it BYD’s best quarter ever.
BYD Car Sales by Year
We show BYD car annual sales from 2019 – 2024:
| Year | Sales |
|---|---|
| 2019 | 409,421 |
| 2020 | 394,608 |
| 2021 | 721,328 |
| 2022 | 1,802,464 |
| 2023 | 3,024,417 |
| 2024 | 4,272,145 |
BYD has experienced a significant boost in its sales, mainly due to its lower price range and hybrid versions in addition to battery-only powered cars.
How Many Cars Have BYD Sold in 2023?
BYD sold 3,024,417 vehicles in 2023, a significant increase of 61.8% compared to the 2022.
BYD sold 3 million new energy vehicles in 2023
— BYD (@BYDCompany) January 2, 2024
Annual sales: 3,024,417 NEVs, a YoY growth of 61.8%.
Monthly sales (December): 341,043 NEVs, a YoY growth of 45%.
With an expanding brand matrix and cutting-edge technologies, BYD continues to lead the global shift toward… pic.twitter.com/F5U2dZpln7
BYD Sales by Model
BYD’s total sales for the year reached 4,272,145 vehicles, including almost 1/3 of fully electric vehicles.
Ocean and Dynasty Sales:
The Ocean and Dynasty Series are BYD’s bestsellers.
Together, they reached sales of 357,7841 units in 2024.
Ocean Models:
- BYD Seagull
- BYD Dolphin
- BYD Seal
Dynasty Models:
- BYD Tang
- BYD Qin
- BYD Song
- BYD Yuan
Sales of Other Models:
There are other notable series and their models:
- DENZA (Denza D9)
- YANGWANG (YANGWANG U8)
- FANGCHENGBAO (FANGCHENGBAO 5)
YANGWANG U7 — First Vehicle Equipped With BYD's DiSus-Z Intelligent Suspension System
— BYD (@BYDCompany) September 18, 2024
Tested in extreme conditions, BYD's DiSus-Z maintains exceptional ride quality in even the most challenging conditions. This advanced system makes precise and lightning-fast adjustments to… pic.twitter.com/HEMs7yJWnh
BYD Best-selling Models:
Here is a breakdown of BYD’s best-selling models in 2024:
| Model | Sales |
|---|---|
| BYD Song (PHEV) | ~800,000 units |
| BYD Qin (PHEV) | ~650,000 units |
| BYD Dolphin (BEV) | ~400,000 units |
| BYD Seagull (BEV) | ~350,000 units |
| BYD Han (BEV/PHEV) | ~250,000 units |
| BYD Yuan (BEV) | ~200,000 units |
Best-selling BYD car: BYD Song
Spacious. Comfortable. Innovative. The BYD SONG PLUS offers an intelligent cockpit and Vehicle-to-Load (VTOL) technology, redefining the road trip experience inside and out. pic.twitter.com/xubT5acnA7
— BYD (@BYDCompany) March 11, 2024
Sources: BYD, Statista, Electrek, Statista
BYD Sales by Country (China, US, Europe)
The company is working very hard to create an international market presence.
BYD’s growth in 2024 was driven by strong hybrid sales in China, though its international presence remains limited.
In December 2024, BYD sold 57,154 vehicles overseas, bringing total exports to an estimated 250,000–300,000 units annually.
BYD Sales Worldwide
BYD operates in over 50 countries, selling their vehicles in over 70 countries on 6 continents.
In 2024, BYD captured approximately 18% of the global EV market, selling 4.27 million NEVs out of a global total of 23 million EV sales.
BYD experienced significant growth in 2024, with most sales coming from the Chinese market.
BYD Sales in China
BYD was by far the best-selling EV in China in 2024.
Approximately 4.1 million vehicles were sold in China, accounting for around 95% of total sales.
Here is a graph that shows the total BYD annual sales in the Chinese market since 2005:
| Year | Sales |
|---|---|
| 2003 | 21,253 |
| 2004 | 17,900 |
| 2005 | 11,038 |
| 2006 | 63,592 |
| 2007 | 101,665 |
| 2008 | 170,880 |
| 2009 | 448,458 |
| 2010 | 519,745 |
| 2011 | 456,152 |
| 2012 | 495,610 |
| 2013 | 531,745 |
| 2014 | 429,946 |
| 2015 | 435,685 |
| 2016 | 489,554 |
| 2017 | 420,294 |
| 2018 | 532,059 |
| 2019 | 528,106 |
| 2020 | 447,994 |
| 2021 | 784,297 |
| 2022 | 1,795,459 |
These figures only show how popular BYD is in China and how dominates its home market.
Source: Good Car Bad Car
BYD Sales in the US
Are BYD cars sold in the US?
Well, not yet!
Small cars just don’t sell.
Also, China’s government support and BYD’s low pricing strategy are not appreciated by America.
BYD Sales in Europe
BYD is ”just getting started” selling in Europe, with plans to increase market share by 5%.
However, BYD sold an estimated 150,000 units in Europe, mainly models like the Atto 3 and Seal.
They reported that EVs built in Europe will be for the Europe market.
Interesting fact: BYD was the UEFA EURO 2024 Official Sponsor.
BYD Annual Revenue
What is BYD yearly revenue?
In 2024, BYD Company had a revenue of 840 billion yuan, which is approximately 115 billion USD.
This growth was mainly because of strong plug-in hybrid sales.
| Year | Revenue (in millions) |
|---|---|
| 2010 | 46.69 |
| 2011 | 46.31 |
| 2012 | 44.38 |
| 2013 | 49.77 |
| 2014 | 55.37 |
| 2015 | 77.61 |
| 2016 | 100.21 |
| 2017 | 102.65 |
| 2018 | 121.79 |
| 2019 | 127.74 |
| 2020 | 156.60 |
| 2021 | 216.14 |
| 2022 | 424.06 |
| 2023 | 602.32 |
| 2024 | ~840 |
Official 2024 financial results will be released in March 2025.
Sources: BYD
BYD Market Share
BYD remains the world’s largest plug-in hybrid electric vehicle manufacturer and the second-largest battery electric vehicle manufacturer.
Tesla is the world’s largest battery-electric vehicle manufacturer.
Here’s the table showing the global plug-in electric vehicle market share in 2023 by manufacturer:
| Manufacturer | Market Share |
|---|---|
| BYD | 22% |
| Tesla | 13.2% |
| VW Group | 7.3% |
| Geely-Volvo Car Group | 6.8% |
| SAIC* | 5.8% |
| Others | 45% |
BYD also holds a substantial 36% market share in the new energy vehicle segment in China.
Source: Statista
BYD Sales vs Tesla
Tesla sold 1.79 million BEV, and BYD sold 1.76 million BEV.
Tesla remained the BEV leader, but BYD sold more total electrified vehicles.
BYD struggles to enter Western markets and boost BEV profits, but its cost efficiency and vertical integration support future growth
Related read: Tesla Sales and Statistics for 2025
Loading ...Number of BYD Employees
BYD is a global company with over 650,000 employees, over 30 industrial parks, and more than 40 branches worldwide.
Source: Statista
Conclusion
This year, the volume of sales in foreign markets increased by 26 percent.
Sales in Europe are not yet impressive.
The fact is that BYD is investing in the research and development of affordable electric cars, which puts them miles ahead of other automakers.
It seems that this Chinese manufacturer will be a major player in the global shift towards fully electric vehicles next year.
What do you think? Let us know in the comment section below!
