BYD has produced its 5 millionth new energy vehicle (NEV), a DENZA N7. BYD spent 13 years reaching the milestone of one million NEVs, another 18 months to reach three million, and now just 9 more months to hit the five million mark.
In 2022, BYD’s new energy vehicles saw total sales surpass 1.86 million. The momentum continued in 2023, as the company reached a cumulative sales volume of 1.5 million units from January to July, including a notable 92,469 units sold overseas which exceeded the total overseas sales for the entire year of 2022.
As of July 2023, BYD’s global new energy vehicle sales have soared beyond 4.8 million units cumulatively.
BYD has been actively expanding its global presence since 2010, strategically introducing new energy buses and taxis for public transit electrification. With a decade of dedicated efforts, BYD’s electric public transport solutions are now operational in more than 400 cities across more than 70 countries.
Meanwhile, BYD’s new energy vehicles have now made a mark in over 54 countries, with the BYD ATTO 3, one of its standout models, leading NEV sales in Thailand, Israel, and Singapore for several months. In a significant move in July 2023, BYD announced plans for three new factories in Brazil, reinforcing its role as a driving force in the industry.
Since its foundation in 1995, BYD has introduced technology innovations such as Blade Battery, DM-i Super Hybrid System, e-Platform 3.0, CTB Technology, e4 Platform, and the DiSus Intelligent Body Control System. In 2022, BYD invested more than RMB 20 billion (US$2.8 billion) in research and development—a 90.31% year-on-year increase.
As of July 2023, BYD has filed for more than 40,000 patents on a global scale, with more than 28,000 of these patents already approved.