China's largest new energy vehicle (NEV) producer and major battery manufacturer BYD increased its NEV sales and installed battery volumes in June.
BYD sold 382,585 NEVs in June, up by 12pc on the year. This comprised 4,957 commercial NEVs and 377,628 passenger NEVs. But BYD's sales in June slowed compared with May, when it sold 382,476 units.
For passenger NEVs, battery electric vehicles (BEVs) sales rose by 43pc on the year to 206,884 units, while plug-in hybrid electric vehicle (PHEV) sales fell by 12pc to 170,744 units.
The firm's total NEV sales reached 2.15mn units during the first half of 2025, up by 33pc from the same period a year earlier. NEVs in China refer to BEVs, PHEVs and fuel-cell vehicles.
BYD stopped producing gasoline-fuelled vehicles in March 2022 to focus on making NEVs. The firm's NEV sales totalled 4.27mn units in 2024, up by 41pc from 2023.
The company's sales are expected to reach 5mn-5.5mn units in 2025, market participants said.
BYD has been expanding overseas production in the last few years.
It has projects in Hungary, Thailand, Brazil, Uzbekistan, Cambodia, Morocco, India, Turkey and Vietnam. The developments have a combined planned capacity of around 1mn units/yr.
The firm sold 90,049 units in the overseas market in June and a total of 464,266 NEVs over January-June, up sharply from 26,995 and 203,404, respectively, from a year earlier.
The firm said in July 2023 that it would build an NEV facility in Brazil, with a combined investment of 7.1bn yuan ($991mn) and 150,000 units/yr.
BYD hosted a ceremony at that new factory in Bahia, Brazil on 1 July to mark the roll-off of the first car from the production line. This marks a new stage in BYD's globalisation strategy, said the firm.
The battery manufacturer installed 27.019GWh of power and energy storage batteries in June, up by 68pc on the year but down by 5.1pc from May.
Total installed batteries reached 134.526GWh over January-June, rising by 85pc from the same period a year earlier.
