Byd was affected by seasonal factors like other EV manufacturers. The performance in the overseas market is a bright place, and 66,336 units have increased by 16.07 % from December.
Byd (HKG: 1211, OTCMKTS: byddy) was affected by seasonal factors like major local friends.
The company sold 300,538 new energy vehicles (NEVs) in January, increasing 49.16 % from 201,493 in the previous year, decreasing 41.62 % in December 514,809.
The Chinese automotive market was particularly seasonal, especially in a few months when the New Year holidays in China collapsed, and at the beginning of the year was low in sales.
According to the data announced yesterday, this year’s Lunar New Year will be held from January 28 to February 4th.
BYD stopped producing and selling vehicles that were completely driven by internal combustion in March 2022 to focus on the production of plug -in hybrid electric vehicles (PHEV) and battery electric vehicles (BEV) models.
BYD’s NEV contains passenger cars and commercial vehicles, selling 296,446 units in January, increasing by 47.47 % year -on -year, but fell 41.81 % from December.
The commercial NEV sold 4,092 units in January and increased by 763.29 % a year ago, but from December to 23.78 %.
BYD sold 125,377 passenger BEVs in January, increasing 19.06 % a year ago, but dropped 39.65 % from December.
Passenger PHEV sales in January were 171,069 units, an increase of 78.73 % year -on -year, but was 43.30 % lower than December, for three consecutive months.
The performance in the overseas market was bright, despite the fact that overall sales were declining significantly.
In January, BYD sold a record high of 66,336 passengers in overseas markets, increasing 83.38 % year -on -year, increasing 16.07 % from December.
In addition to being China’s largest NEV manufacturer, BYD is the second largest power battery manufacturer in Japan.
The installation of the BYD power and energy storage batteries was equivalent to about 15.511 GWH in January, an increase of 37.16 % year -on -year, but decreased by 33.98 % from December.
JP Morgan expects BYD to reach 6 million global delivery by 2026.
