BYD EV Sales 2024

Page last updated: 5 February 2025

BYD (Build Your Dreams) is a Chinese multinational company specializing in electric vehicles (EVs), renewable energy solutions, and advanced battery technology.

Overview

2024 BYD’s Electric Vehicle Revenue and Sales

In 2024, BYD sold exactly 4.27 million new energy vehicles (4,272,145 units), marking a 41.26% year-on-year increase. (Note: Q4 data is unaudited and subject to change upon annual report release.)

Type of EVs	BYD Sales in 2024
BEV	1,764,992
PHEV	2,485,378
Commercial NEV	21,775

How many BYD electric vehicles are sold each year?

BYD sold 3.02 million EVs in 2023.

From 2018 to 2021, BYD experienced consistent growth in sales, with an increase from 247,811 units in 2018 to 721,328 units in 2021.
The most notable growth occurred between 2021 and 2023, where sales skyrocketed from 721,328 to 3.02 million units.
The sales increase in 2022 and 2023 shows BYD’s growing dominance in the global EV market, driven by competitive pricing, enhanced production capacity, and expanded presence in international markets.

Learn more about Global EV Sales here.

BYD Global Market Share (2023)

In 2023, BYD accounted for approximately 21.9% of the global electric car market, signalling its competitive positioning within the global automotive industry.
BYD’s significant market penetration, capturing over one-fifth of global electric car sales, highlights its accelerated growth trajectory and expanding dominance, particularly within the electric vehicle market.

What are BYD’s most popular electric vehicle models?

The BYD Song topped the list with 636,530 units sold in 2023.

The BYD Qin came second on the list with 456,310 units, followed by BYD Yuan with 418,990 units sold in 2023.

Leading Electric Vehicle Models Sold in 2023

The leading electric vehicle models sold by BYD in 2023 were BYD Song and BYD Qin, driven by their advanced technology, range efficiency, and strong brand presence, making them popular choices among BYD consumers.

Explore the Latest Trends in EV Sales by Brand and Model.

How many electric vehicles did BYD sell in 2023?

In 2023, BYD sold approximately 3.02 million electric vehicles, representing a 67% increase from previous year.
The BYD Song was BYD’s best-selling model, making up 21% of the total sales for the year.

How much does BYD make each year?

BYD’s revenue in 2023 reached ¥602 billion (around $85 billion).

BYD’s revenue experienced exponential growth from 2010 to 2023, increasing from ¥46.69 billion ($ 6 billion) in 2010 to ¥602 billion ($ 85 billion) in 2023.
The most significant revenue increase occurred in 2021 to 2022, where BYD’s revenue increased by 96% in just two years.

How much revenue did BYD make in 2023?

In 2023, BYD achieved ¥602 billion in revenue, representing 42% growth compared to the previous year.

Which regions contribute the most to BYD’s electric vehicle sales?

In 2023, China dominated the market, with 2.7 million units sold.
In 2022, BYD sales in other parts of the world, particularly in Europe, are just starting with 15,644 units sold.

BYD Products

BYD e6 is a fully electric compact MPV, known for its spacious interior and long range. It has been widely used in fleet operations, including taxis.
BYD Tang EV is an all-electric SUV offering strong performance, advanced safety features, and a competitive range. It is available in multiple global markets, including Europe and China.
BYD Han EV is a luxury electric sedan, known for its sleek design, powerful performance, and long driving range, positioned to compete with premium brands like Tesla.
BYD Dolphin is a compact electric hatchback aimed at urban drivers, recognized for its modern design, affordability, and energy efficiency.
BYD Yuan Plus (Atto 3), also marketed as Atto 3 in some regions, is a compact electric SUV offering a practical range and advanced features, targeting markets outside China, such as Europe and Australia.
BYD Seal is a mid-sized electric sedan with a sleek design, long-range capabilities, and high performance, extending BYD’s lineup into the premium EV segment.

First ever car launched

BYD’s first Battery Electric Vehicle (BEV), the e6, was introduced in 2010 as a fully electric compact MPV with a spacious interior and practical range.
Initially designed for fleet use, like taxis and ride-sharing, the e6 became popular for its reliability and utility, offering a range of up to 300 km (186 miles) per charge, playing a crucial role in BYD’s electric mobility expansion.

BYD EV Sales Statistics