Consecutive Monthly Highs For Phevs

Chinese EV Giant, BYD, Breaks New Sales Records

Consecutive Monthly Highs for PHEVs

Chinese automaker BYD has achieved another milestone in new energy vehicle (NEV) sales, setting a new record for July 2024. This marks the third consecutive month of record-breaking sales for BYD's plug-in hybrid electric vehicles (PHEVs), highlighting the company's continued dominance in the NEV market.

Record July Sales

In July 2024, BYD sold an impressive 342,383 NEVs, representing a significant 30% year-over-year growth. This figure surpasses the previous sales record set in June, solidifying BYD's position as the leading EV maker in China.

Market Share Battle

Amidst intense competition in the Chinese NEV market, BYD's record sales reflect its ability to capture a substantial market share. The company has been actively investing in research and development, consistently introducing innovative and technologically advanced NEVs that cater to the growing demand for sustainable transportation.

Global Expansion Plans

BYD's success in its home market has prompted the company to look beyond China for further growth. Despite expectations, BYD has announced plans to sell its cars in Canada, signaling its ambitions to expand its presence internationally.