BYD’s 2024-2025 Headline Performance
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BYD delivered about 3.6 million passenger vehicles worldwide in 2024, including fully electric (BEV) and plug-in hybrid (PHEV) models. Of these, approximately 1.6 million were pure electric vehicles, putting BYD at or near parity with Tesla for global BEV leadership.
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In the first half of 2025, BYD maintained strong momentum, with global deliveries topping 1.8 million units and on pace to surpass 3.8 million for the full year if current growth rates continue.
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BYD’s quarterly BEV sales reached around 426,000 units in Q1 2025, slightly below Tesla but with a much smaller global footprint in Western markets, highlighting how rapidly BYD is catching up.
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PHEV volumes remain robust, boosting BYD’s total NEV (New Energy Vehicle) count and ensuring segment dominance in China.
Quarterly/Annual Sales Table
| Period | Total Deliveries | BEVs Only | PHEVs Only | Notes |
|---|---|---|---|---|
| Q4 2024 | 944,779 | 429,312 | 515,467 | Record quarter |
| Full Year 2024 | 3,602,637 | 1,574,822 | 2,027,815 | Largest global NEV volume |
| Q1 2025 | 920,591 | 426,039 | 494,552 | BEV growth +13% YoY |
| H1 2025 (est.) | 1,800,000+ | ~830,000 | ~970,000 | Still accelerating |
Regional and Model Highlights
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China remains BYD’s core market: In 2024, BYD was the top-selling auto brand in China, beating Volkswagen and every other automaker for both BEVs and overall sales.
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Exports have surged: BYD shipped more than 240,000 vehicles overseas in 2024 (up over 300% year-on-year), expanding aggressively in Europe, Southeast Asia, Australia/NZ, South America, and the Middle East.
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BYD’s best-selling models include the Qin Plus, Song Plus, Yuan Plus (Atto 3), Dolphin, Seal, and the high-end Yangwang and Denza lines now targeting premium and luxury buyers.
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European launches of the Seal, Dolphin, Atto 3, and Tang have increased brand visibility, but market share remains in single digits versus local legacy automakers.
Strategic and Market Notes
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BYD consistently undercuts major rivals on price, leveraging vertical integration and battery expertise to maintain profit margins.
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The company is building or planning factories in Europe, Brazil, Thailand, and other key overseas markets to localize production and avoid trade barriers.
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BYD’s growth is balanced between BEVs and PHEVs, with PHEVs (especially in China) playing a critical role in market penetration.
Summary
BYD’s performance in 2024-2025 cements its status as the largest EV manufacturer in China and one of the top globally. While it may not always outsell Tesla in BEVs alone, BYD leads the world in total battery and plug-in EVs delivered. Its explosive growth in exports and rapid entry into diverse regions shows BYD’s global ambitions are being realized, with volume and sales leadership in China propelling it toward a sustained challenge for worldwide dominance.
BYD’s path forward involves relentless model launches, price competition, overseas factory builds, and a transition to higher-end products. The brand is no longer just a “Chinese Tesla rival”—it’s increasingly the benchmark for the global EV industry. Let me know if you want quarterly regional breakouts or a brand/model-level split in their global sales.
