BYD Sold A Record 1.25 Million NEVs In H1 2023; BYD's Impressive Growth Continues

The sales of BYD’s New Energy Vehicles (NEV) continued to rank first in the world with increasing market share and expanding brand influence. In China, the term NEV is used to designate EV, PHEV, and FCEV.

During the first half of 2023, BYD achieved a significant milestone by selling 1.25 million vehicles, marking a remarkable year-on-year increase of 95.3%. Similarly, the Group recorded a revenue of approximately RMB260,124 million, representing a year-on-year increase of 72.72%, among which, the revenue from automobiles and related products, and other products amounted to approximately RMB208,824 million, representing a year-on-year increase of 91.11%.

According to data from the China Automobile Association, in the first half of 2023, the market share of BYD's new energy vehicles further expanded to 33.5%, an increase of 6.5 percentage points compared with 2022, continuing to consolidate its leading position in China’s new energy vehicle industry, and it also continued to rank No. 1 in global sales, spreading its brand influence continuously. Moreover, In August, the Group rolled off its 5-millionth new energy vehicle, making it the first automaker in the world to achieve this milestone.

Relying on the continuous iteration and innovation of the Group’s core technologies, the Group’s passenger vehicle business has gradually formed a multi-brand layout consisting of the “BYD” brand, the “Denza” brand, the “Yangwang” brand and the “FANGCHENGBAO” brand, fully satisfying users’ automobile needs in all scenarios.Similarly, BYD also accelerated its expansion in overseas markets and speeded up the development of its new energy passenger vehicle business in overseas markets, so as to further expand market space.

BYD’s new energy vehicles have now made a mark in over 54 countries including Nepal, with the BYD Atto 3, one of its standout models, leading NEV sales in Thailand, Israel, and Singapore for several months.

Cimex Inc, the sole authorised distributor for BYD Auto in Nepal, offers the BYD Atto 3 and second-gen BYD e6 in the Nepalese market. The Atto 3 electric SUV is available in two battery pack options (49.94 kWh and 60.48 kWh) in a total of four variants.  The Atto 3 starts at Rs 55.99 Lakh for the advanced variant and goes up to Rs 81.99 Lakh for the performance variant. Similarly, the second-gen e6 which features a 71.7 kWh battery pack is priced at Rs 59 Lakh.As the Group’s first global model, “Yuan PLUS” (also known as “BYD ATTO 3”), with its outstanding design, technology, performance and user experience, has achieved both good sales and market reputation in the international market. It won the monthly sales champion of pure electric vehicles in Thailand, Israel, New Zealand and Singapore many times, and also won the sales champion of pure electric vehicles in Thailand in the first half of 2023. With the continuous deepening of the overseas layout, in March, the foundation stone of the Group’s first overseas passenger vehicle production base was laid in Thailand.