{"id":240530,"date":"2023-10-03T12:49:25","date_gmt":"2023-10-03T12:49:25","guid":{"rendered":"https:\/\/automotobuzz.com\/?p=240530"},"modified":"2023-10-03T12:49:25","modified_gmt":"2023-10-03T12:49:25","slug":"byd-plug-in-sales-hit-new-record-in-september-2023-nearly-287000-sold","status":"publish","type":"post","link":"https:\/\/automotobuzz.com\/car-reviews\/byd-plug-in-sales-hit-new-record-in-september-2023-nearly-287000-sold\/","title":{"rendered":"BYD Plug-In Sales Hit New Record In September 2023: Nearly 287,000 Sold"},"content":{"rendered":"

In September, BYD set its fifth consecutive plug-in electric car sales record, further approaching a level of 300,000 units a month.<\/p>\n

According to the company’s report, last month,\u00a0BYD passenger plug-in car sales amounted to 286,903 (including 13,156 Denza premium EVs), which is 43 percent more than a year ago.<\/p>\n

The overwhelming majority of BYD sales are in China, while exports stand for several percent of the total result.<\/em><\/p>\n

It’s worth paying close attention not only to the consistently increasing volume but also to the growth rate, which is decreasing quite consistently. The scale is probably too big to continue the surge of 100, 200, or 300 percent year-over-year.<\/p>\n

BYD has become the largest player in China, and this engine of growth is weakening. On the other hand, exports are in the relatively early stage with 28,039 sales last month – expanding by 262 percent year-over-year.<\/p>\n

Another interesting thing is that the Chinese manufacturer appears to slowly turn more towards battery electric vehicles (BEV), which noted more than 150,000 for the very first time. Plug-in hybrid vehicles (PHEV) are no longer able to keep up with BEVs and the difference between the two categories expanded to over 15,000 units last month.<\/p>\n

BYD passenger plug-in car sales last month (YOY change):<\/p>\n