BYD sold 1.57 million EVs in 2023, up 73% from 2022

BYD has officially announced its sales numbers for the whole of 2023 and it reads as such: 3,024,417 units sold, including 1,574,822 EVs. Total sales have jumped 61.9% compared to 2022 (1,863,494 units) – surpassing BYD’s three million target that was deemed overly ambitious at first – while the EV portion has grown even more by 72.8% (vs 911,140 in 2022).

Notably, BYD has completed its transition into an NEV-only brand, having registered zero sales of ICE vehicles (it sold 5,049 “oil-fueled” cars in 2022). NEV or New Energy Vehicles is a term coined in China for electrified cars, including hybrid (HEV), plug-in hybrid (PHEV) and battery electric vehicles (BEV), though BYD has stopped producing HEVs entirely too.

Known outside of China as an EV-only entity, BYD’s rapid sales growth is nothing short of astonishing, especially so when it’s building on already-impressive 2022 figures. EVs now make up more than half of the brand’s total sales (just, at 52.1%), and is expected to grow even more in the coming year.

BYD sold 1.57 million EVs in 2023, up 73% from 2022

Part of that success is achieved out of its home country too, with 242,766 EVs sold in markets outside China. This translates to an incredible 334% year-on-year increase on exports, with 2023 numbers alone surpassing BYD’s total overseas sales over the previous two decades.

A total of 367,419 units of the BYD Dolphin were sold globally last year, making it the brand’s strongest-performing EV model. Sales figures for the Atto 3 is not available as of yet, as the model is combined into the Yuan-series total (428,580 units, including the smaller Yuan Pro). However, the Atto 3 is said to be BYD’s best-performing export model.

BYD sold 1.57 million EVs in 2023, up 73% from 2022

The larger, more premium BYD Seal had a decent first full-year too, with 127,323 units sold including export markets. The Seagull on the other hand, BYD’s entry-level EV that will likely stay in China only for now, sold an impressive 280,217 units since its market entry in mid-2023.

Here in Malaysia, both the Atto 3 and Dolphin are among the best-selling EVs in the market, with the Seal expected to arrive very soon to rival the Tesla Model 3.

Looking to sell your car? Sell it with Carro.