BYD Hits 2 Million Plug-in Vehicle Sales!

Chinese emerging auto giant BYD has just surpassed 2 million cumulative sales of plug-in vehicles. Its a huge milestone that is hard to comprehend– 2 million is a lot of vehicles considering the fact that other NEV makers from China such as XPeng and NIO just celebrated reaching 200,000 cumulative EV sales!

BYD and Tesla have grown their EV production and sales almost in tandem for the past decade. Currently, they are neck to neck in global plug-in sales in 2022 — Tesla in the winning position one month, then BYD taking the number one slot in the next. At the moment, BYD is leading in cumulative 2022 sales. Importantly, BYD’s plug-in vehicle sales are ballooning at an astounding pace. Unlike Tesla, which sells vehicles around the world, BYD is basically getting the bulk of its sales from Chinese market and has just entered some right hand drive markets such as Europe, Australia and Thailand.