ThinkerCar

BYD September Passenger Vehicle Production & Sales Summary

BYD's passenger vehicle production in Sept reached 439.2k units, with sales of 417.6k units, resulting in a prod-sales ratio of 105%

• After reducing prod in Jun and Jul to clear market inventory, BYD‘s passenger vehicle prod and sales both hit record highs in Sept, driven by the intensive release of new models. Prod reached 439.2k units, a YoY increase of 57.3%, while sales were 417.6k units, up 45.6% YoY. The launch of its 5th-generation DM-i tech has been met with an enthusiastic market response.

As of Sep, BYD's total production of passenger vehicles: 2.749M units, total sales: 2.736M units

• BYD's cumulative production of passenger vehicles reached 2.749M, up 30.7% year-on-year. This is only 280,000 units short of last year's total of 3.034M, with annual production expected to exceed 4M units. From January to September, BYD's sales reached 2.736M, an increase of 32.2%. With new national policies, BYD's sales this year are also expected to hit 4M units.

BEV sales were 165K (+11.1% MoM), and PHEV sales were 252.6K (+13.6% MoM)

• Based on the power type, in September, BYD's BEV sales volume was 165k units, +11.1% MoM, +9.1% YoY, accounting for 40% of total sales. Among them, the sales volume of the Seagull was 43.4k, the Yuan+ was 31.5k, and the Dolphin was 20.3k.
• Meanwhile, the PHEV sales volume was 252.6k units, +13.6% MoM, +86.2% YoY, accounting for 60% of total sales. Among them, the sales volume of the Qin L DM and the Seal 06D both exceeded 40,000 units, while the sales volume of the Song Plus DM also exceeded 30,000 units.

Cumulative BEV sales: 1,169.6k; cumulative PHEV sales: 1,566.8k

• BYD's cumulative PHEV sales: 1,566.8k, YoY +53.3%, surpassing last year's total of 1,438.1k. With DM-I tech support, BYD is expected to exceed 2.3M units in this segment. Cumulative BEV sales: 1,169.6k, YoY +11.6%, 400k short of last year's total. Annual sales are projected to reach 1.6M units.

BYD's export volume in September reached 30.5k vehicles, representing a YoY increase of 8.8%, accounting for 7.3% of total sales. Among these, 21.7k units were BEV models, and 8.7k units were PHEV models.

The top three exported models were:

• Song Plus DM: 6k
• Yuan Plus EV: 4.7k
• Seal EV: 3.4k

BYD's cumulative exports: 294.4k, (+102.3% YoY)

• As of Sept, BYD's cumulative exports reached 294.4k, YoY +102.3%. If the current trend continues, total annual exports will approach 400k, doubling last year’s total.
• Among these, BEV exports totaled 175.8k, and PHEV exports reached 117.8k. The Song Plus DM and Seagull EV were the two best-selling models, with cumulative exports of 60.3k and 46k, respectively.

Battery installed capacity was 19.8 GWh (+5.1% MoM)

In September, boosted by record new car sales, BYD's battery installed capacity reached 19.8 GWh, +5.1% MoM, and +38% YoY, setting a new historical high.

BYD's cumulative battery installed capacity reached 127.72 GWh

As of September, BYD's cumulative battery installed capacity reached 127.72 GWh, with a YoY increase of 26.5%. This is only 23.189 GWh less than last year's total installed capacity of 150.909 GWh. Based on current trends, BYD's total installed capacity for 2024 is expected to reach 190 GWh, representing a YoY growth of 26%.