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        Monthly Journal: Traders' Insights Wanted!
        Views 165K Contents 3022

        BYD sells record 301,903 NEVs in Nov 2023

        BYD saw another record month of new energy vehicle (NEV) sales, albeit at a slower rate.
        The Chinese NEV giant continued to see growth in battery electric vehicle (BEV) sales last month, while plug-in hybrid (PHEV) sales were down slightly from Oct.
        BYD's NEVs include passenger cars as well as commercial vehicles, with sales of passenger NEVs up 31.07% to a record 301,378 units in Nov, essentially unchanged from 301,095 units in Oct.
        BYD sells record 301,903 NEVs in Nov 2023
        Among passenger NEVs, BEVs sold 170,150 units in Nov, up 49.37% year-on-year and up 2.81% from Oct.
        BYD sells record 301,903 NEVs in Nov 2023
        BYD sold 131,228 units of passenger PHEVs in November, up 13.1% year-on-year while down 3.22% from Oct.
        BYD sells record 301,903 NEVs in Nov 2023
        In November, BYD sold a record 30,629 NEVs in overseas markets, up 148.6% year-on-year and essentially flat from 30,521 in Oct.
        BYD sells record 301,903 NEVs in Nov 2023
        In addition to being China's largest NEV company, BYD is also China's 2nd-largest power battery maker.
        BYD's installed capacity of power and energy storage batteries amounted to about 16.945 GWh in Nov, up 54% year-on-year and up 10.85% from Oct.
        In the Jan-Nov period, BYD sold 2,683,374 NEVs, up 64.8% year-on-year.
        BYD aims to sell at least 3 million vehicles this year and strives to reach 3.6 million, the company's chairman and president Wang Chuanfu said in late Mar.
        That means BYD will reach its 3 million target by selling about 317,000 NEVs in Dec.
        BYD sold 2,672,728 passenger NEVs in the Jan-Nov period, up 64.7% year-on-year.
        BYD sold 1,384,068 passenger BEVs in the Jan-Nov period, up 73.18% year-on-year.
        It sold 1,288,660 passenger PHEVs in the Jan-Nov period, up 56.47% year-on-year.
        BYD sold 206,670 overseas NEVs in the Jan-Nov period.
        In Jan-Nov, BYD's installed base of power and energy storage batteries amounted to about 133.163 GWh, a year-on-year increase of 69.24%.
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