BYD produces its 5 millionth new energy vehicle

SHENZHEN, China: BYD, the world’s leading manufacturer of new energy vehicles and power batteries, rolled off its 5 millionth new energy vehicle (NEV), a Denza N7, on August 9th, making it the first automaker in the world to achieve this milestone.

“Today marks a historic moment for BYD as we witness our 5 millionth new energy vehicle rolls off the production line”, said Wang Chuanfu, chairman and president of the company, at the ceremony held at BYD’s global headquarters.

BYD spent 13 years for the first million new energy vehicles, another 18 months to reach three million, and today, just 9 more months to hit the five million mark.

In 2022, BYD’s new energy vehicles saw remarkable growth, with total sales surpassing 1.86 million.

The momentum continued in 2023, as the company reached cumulative sales volume of 1.5 million units from January to July, including a notable 92,469 units sold overseas which exceeded the total overseas sales for 2022.

As of July 2023, BYD’s global new energy vehicle sales have exceeded 4.8 million units accumulatively.

BYD has been expanding its global presence since 2010, strategically introducing new energy buses and taxis for public transit electrification.

BYD’s electric public transport solutions are now operational in over 400 cities across more than 70 countries.

Meanwhile, BYD’s new energy vehicles have now made a mark in over 54 countries, with the BYD Atto 3 leading NEV sales in Thailand, Israel, and Singapore for several months.

In a significant move in July 2023, BYD announced plans for three new factories in Brazil.

Since its foundation in 1995, BYD has consistently been at the forefront of technological advancements.

Innovations like Blade Battery, DM-i Super Hybrid System, e-Platform 3.0, CTB Technology, e4 Platform, and the DiSus Intelligent Body Control System, solidified BYD’s position as a trailblazer in the electric vehicle market.

In 2022, BYD invested over RMB 20 billion in research and development, a 90.31% year-on-year increase.

As of July 2023, fueled by more than 90,000 R&D professionals, BYD has filed for over 40,000 patents on a global scale, with more than 28,000 of these patents already approved.