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BYD sales rise 11% to year-to-date high in October as BEVs top 300,000 for first time

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BYD sales rise 11% to year-to-date high in October as BEVs top 300,000 for first time

BYD (HKEX: 1211) posted its highest monthly sales of the year in October, as battery electric passenger vehicle sales topped 300,000 for the first time, offsetting a year-on-year decline in plug-in hybrids.

The Chinese new energy vehicle (NEV) giant sold 490,168 NEVs in October, up 10.97% year-on-year and 5.74% from September, according to data released on Sunday.

This marked BYD's sixth consecutive month of year-on-year sales growth and its eighth consecutive monthly increase. However, year-on-year growth slowed from 16.98% in September, easing for the third consecutive month.

October sales were the highest since December 2024 and the fourth-highest on record, trailing only the 3 months in the fourth quarter of 2024, according to data compiled by CnEVPost.

In the first 10 months of this year, BYD sold 3,621,744 NEVs, down 2.16% year-on-year, narrowing the decline from 3.94% in the first 9 months.

Battery electric vehicles (BEVs) were the main driver of October's sales growth. BYD sold 305,743 battery electric passenger vehicles during the month, up 37.38% year-on-year and 11.94% from September, setting a record for the third consecutive month.

BEVs accounted for 63.28% of its passenger vehicle sales in October, up from 59.81% in September and 50.95% a year earlier, highlighting a further shift in its sales mix toward fully electric models.

By contrast, plug-in hybrid passenger vehicle sales totaled 177,382 units in October, down 17.23% year-on-year and 3.37% from September. This marked the segment's second consecutive year-on-year decline, deepening from September's 2.36% drop.

02% to 1,625,969 units.



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