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BYD’s large progress in 2024, as I wrote simply two days in the past, was one of many tales of the 12 months. Now now we have BYD’s December and full-year 2024 gross sales in, they usually’re good.
In December, BYD’s plugin car gross sales had been up 60%! Throughout the complete 12 months, they had been up 41.3%. In quantity phrases, BYD’s gross sales had been up by 173,766 models in December 2024 in comparison with December 2023, and had been up by 1,241,968 models throughout 2024 as an entire. Right here’s a visualization of month-to-month BYD gross sales over the previous two years:
Plugin hybrid gross sales accounted for a lot of the expansion, rising 102% in December in comparison with December 2023. Throughout the complete 12 months, they had been up 73%. In quantity phrases, they had been up by 152,282 gross sales in December 12 months over 12 months (YoY) and had been up by 1,047,294 gross sales in 2024 in comparison with 2023.
As for full electrical vehicles, December gross sales had been up by 9%. They had been up by 12% throughout the complete 12 months. In quantity phrases, they had been up by 16,980 gross sales in December YoY and up by 190,170 gross sales in 2024 YoY.
That could be a strong 12 months of progress, and contemplating the already very excessive place to begin, it’s a very spectacular rise in gross sales in share phrases in addition to quantity phrases. Once you evaluate it to Tesla’s annual gross sales really reducing in 2024, it stands out as a fair larger accomplishment. And, as I wrote two days in the past, BYD was the 2nd largest auto vendor on the earth in November! I presume it was in December as nicely. BYD is conquering the auto trade. Can it proceed with this great progress in 2025?

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