Chinese EV giant BYD persists in expanding its global plug-in electric car sales with a year-on-year growth of 58.6% to 151,341 units, as per the company’s Twitter post.
Notably, its passenger plug-in car sales accounted for a whopping 150,164 units of the total in its best January ever (up 62% YoY). Meanwhile, the remaining 1,177 units were contributed by its commercial EVs.
BYD passenger plug-in electric car sales – January 2023
BYD saw a YoY sales growth in its battery-electric and plug-in hybrid car offerings of 62% to 150,164 units. BEVs reported a YoY increase of 54% to 71,338 units. Meanwhile, PHEVs sold 78,826, representing a YoY growth of 69%.
January 2023 sales results:
| Sales | YoY Growth | |
| BEVs | 71,338 | up 54% |
| PHEVs | 78,826 | up 69% |
| Total | 150,164 | up 62% |
It is worth noting that BYD sales are primarily in its home market, China. Specifically, about 10,409 BYD plug-ins were exported from the total. As mentioned, BYD also sold 1,177 commercial EVs, apart from these presented results.
BYD’s January results did not match Q4 2022’s record of more than 200,000 per month. Nonetheless, it still demonstrates strong performance, given that many factors could have affected its sales to decline, such as the following:
· Chinese New Year, which weakened car sales in the country throughout the holiday period.
· Tesla’s major price cuts, which other automakers followed.
· BYD’s price hike from 2,000 to 6,000 yuan ($290-$868)
· China’s EV subsidies expiration
BYD plug-in electric car sales – FY 2022
In retrospect, BYD reported sales of over 1.85 million plug-in electric cars in 2022. Considering the company’s current capacity, it would be possible to surpass 2 million units in 2023.
| Sales | YoY Growth | |
| BEVs | 911,141 | up 184% |
| PHEVs | 946,238 | up 247% |
| Total | 1,857,379 | up 213% |
If we include BYD’s commercial EV sales, the total would be 1,863,494 units in 2022.
Remarkably, the Chinese EV giant’s cumulative plug-in electric car sales now surpassed 3.5 million units.
BYD’s best-selling models -January 2023
The top model in the first month of 2023 was the BYD Song family (BEV + PHEV), with 49,865 sales. The all-electric BYD Yuan followed it with 23,231 units. Another BEV model BYD Dolphin secured the third-highest spot with 17,629 units.
The BYD Qin family completed the top five (BEV + PHEV) with 14,185 sales, and the BYD Han family (BEV + PHEV) with 12,215 units. Unfortunately, there were no available data yet for the other models.
Below are the bestselling BYD models in January, based on CnEVPost’s data:
| Models | Sales in January-2023 |
| 1. BYD Song family (BEV + PHEV) | 49,865 |
| 2. BYD Yuan | 23,231 |
| 3. BYD Dolphin | 17,629 |
| 4. BYD Qin family (BEV + PHEV) | 14,185 |
| 5. BYD Han family (BEV + PHEV) | 12,215 |
| 6. BYD Tang family (BEV + PHEV) | 8,890 |
| 7. BYD Seal | 6,618 |
| 8. BYD Frigate 07 | 5,043 |
| 9. BYD Destroyer 05 | 4,966 |
