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byd raises annual auto sales target to 4 million units, analysts say

2024-09-10

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it home reported on september 10 that according to bloomberg, morgan stanley's automotive industry analysts including tim hsiao pointed out in a report on september 9 that byd management said that the annual sales target has been raised to 4 million vehicles.

according to reports, byd's previous sales target was about 3.6 million vehicles. byd's more optimistic outlook is related to the increase in chinese consumers' purchases of electric and hybrid vehicles.

byd sold 373,083 vehicles in august 2024, a year-on-year increase of 36%, and a total of 2,328,449 vehicles this year, including:

pure electric passenger car sales in august were 148,470 units, and the total sales this year was 1,004,623 units, an increase of 11.97% year-on-year

plug-in hybrid passenger car sales in august were 222,384 units, and the total sales this year was 1,314,175 units, a year-on-year increase of 48.30%.

according to this calculation, if byd wants to achieve its annual sales target of 4 million vehicles, it needs to achieve an average monthly sales of nearly 420,000 vehicles from september to december this year.

it home reported that byd is currently launching new cars at a constant pace. it has just launched the 2025 byd han dm-i/ev, priced from 165,800 yuan; in the future, there will be new song pro dm-i, sea lion 05 dm-i, etc., and the new "xia" series mpv models are also on the way.