BYD stopped producing only internal combustion engine vehicles in April 2022 and focused on the production of “new energy vehicles”, which are called electric, plug-in hybrid and hydrogen vehicles in China.
BYD sold 509,440 passenger vehicles in December, an increase of 49.8% compared to the previous year. It managed to pass the 500,000 threshold for the third month in a row. This means that the company will continue its growth momentum in 2025.
In addition to automobiles, BYD is one of China’s largest players in battery production. The company, which supplies batteries to customers such as Tesla, Nio and Toyota, will start operating in 2024. %29 with increase 194,7 GWh battery delivery and Second after CATL ranked next.
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