Strong NEV (New Energy Vehicles) Sales for BYD in April – Continued Growth Expected

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BYD's total installed capacity for new energy vehicle power batteries and energy storage batteries reached approximately 12.559GWh in April

continued its impressive performance in April 2024, reporting strong sales figures. They sold a staggering 313,245 new energy vehicles last month, representing a significant year-on-year increase of 48.96%. This brings their total NEV sales for 2024 to 939,508 units, reflecting a healthy year-on-year growth of 23.24%. BYD’s overseas NEV sales were also robust in April, reaching 41,011 units.production continues to ramp up as well.

Established automakers with a presence in the NEV market had positive results as well. SAIC-GM delivered 8,762 NEVs in April, reflecting a year-on-year increase of 93.1%., launched on April 3rd, delivered 7,058 units since its debut, with a cumulative number of locked orders reaching 88,063 units. Lantu Auto maintained steady growth, delivering 4,003 vehicles in April, demonstrating a year-on-year increase of 20%. Their year-to-date delivery volume reached 20,348 vehicles, reflecting a year-on-year increase of 20%.

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