Chinese carmaker BYD has celebrated its 5 millionth electric vehicle (EV) rolling off the production line.
BYD spent 13 years for the first million new energy vehicles, another 18 months to reach three million, and now astoundingly, just nine more months to hit the five million mark.
In 2022, BYD’s new energy vehicles saw remarkable growth, with total sales surpassing 1.86 million. The momentum continued in 2023, as the company reached an impressive 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.
Related article: BYD unveils “absurdly cheap” Seagull EV in China
As of July 2023, BYD’s global new energy vehicle sales have soared beyond 4.8 million units accumulatively, another testament to the company’s commitment to sustainable transportation solutions.
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 over 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.
Related article: Porsche to electrify all cars except iconic 911
Since its foundation in 1995, BYD has consistently been at the forefront of technological advancements. Innovations like Blade Battery, DM-i Super Hybrid System, e-Platform 3.0, CTB Technology, e4 Platform, and the DiSus Intelligent Body Control System, have set new standards in the industry and solidified BYD’s position as a trailblazer in the electric vehicle market.
In 2022, BYD invested over RMB 20 billion in research and development, experiencing a remarkable 90.31% year-on-year increase. As of July 2023, fueled by a robust team of more than 90,000 R&D professionals, BYD has showcased its innovative prowess by filing for over 40,000 patents on a global scale, with more than 28,000 of these patents already approved.