BYD hits major milestone with 3 millionth NEV produced

By BERNAMA | 16 November 2022


SHENZHEN: BYD, China's leading new energy vehicle (NEV) manufacturer, said today that its three millionth NEV has rolled off the production line, reported Xinhua.

BYD chairman Wang Chuanfu delivered the car, a Seal sedan (also known as Atto 4), to Wang Shuang, a soccer player who was named Asian Football Confederation Women’s Player of the Year in 2018. The  fastback sedan is positioned as a rival to the Tesla Model 3.

From January to October, NEV sales of the Shenzhen-based carmaker surged 240 per cent yearly to 1.39 million units. In China, NEVs are defined as plug-in hybrids, battery electric vehicles and fuel cell electric vehicles.

BYD ceased production of traditional petrol-powered vehicles in March.

Wang_Shuang_became_the_owner_of_BYD's_3_millionth_new_energy_vehicle
Wang Shuang (right) with Wang Chuanfu at the Seal delivery ceremony.


Starting as a niche brand and then becoming mainstream, the development of BYD reflected the rise of Chinese automobile brands and the rapid growth of the country's NEV industry, said Wang.

BYD will reveal its first model of a new high-end brand in the first quarter of 2023 under the name Yangwang with a price tag of between 800,000 yuan and 1.5 million yuan (between RM514,000 and RM962,000), he added.

So far, BYD's new energy buses have been sold to more than 400 cities in over 70 countries and regions globally, including Norway, Germany, Japan, Thailand, and Brazil.

 

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