On March 25th, BYD, the world’s leading manufacturer of new energy vehicles and power batteries, became the world’s first automaker to roll off its 7 millionth new energy vehicle (NEV), the Denza N7, which was unveiled at its Jinan factory in China, symbolizing another groundbreaking accomplishment for the brand.
BYD reached the production of one millionth NEV in May 2021 and rapidly multiplied this figure threefold within 18 months, then surpassed five million units in merely nine additional months. In just seven 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 NEV soared to 3.02 million units, solidifying its status as the global leader in NEV sales. A variety of models from its extensive brand portfolio consistently led sales rankings within their individual categories.
Proactively engaging with the international market, BYD quickly expanded its global footprint in 2023, witnessing a surge in overseas new energy passenger car sales that exceeded 240,000 units—a 337 percent year-on-year growth—making it the top Chinese exporter of NEVs in 2023. Up to now, 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.
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