BYD Surpasses 19 Million in Cumulative Production of Eco-Friendly Vehicles

Total sales reached 3.62 million from January to October this year
Overseas passenger car and pickup truck sales reached 1.5 million

Chinese electric vehicle maker BYD has surpassed 19 million in cumulative production of eco-friendly vehicles. The company is continuing to grow by expanding its influence in global and premium automotive markets through investment in technology.

BYD said on Nov. 11 that it had reached 19 million in cumulative production of eco-friendly vehicles at its plant in Xi'an, Shaanxi Province. The vehicle that set the record was the Ti 9, a flagship sport utility vehicle (SUV) from its premium brand FORMULAR BAO.

BYD said on the 11th that its cumulative production of eco-friendly vehicles had surpassed 19 million units. BYD

Since producing its first vehicle, BYD has grown on the strength of China's domestic market and expanded its business into global markets. Recently, it has been accelerating efforts to increase overseas sales, backed by its technological competitiveness and diverse product lineup.

BYD sold 3.62 million vehicles in total from January to October this year. Of these, overseas sales of passenger cars and pickup trucks reached 1.5 million, up 92% from the same period a year earlier. Overseas sales accounted for 41.6% of total sales in the third quarter, an increase of 25.9 percentage points from the same period a year earlier. The company said overseas markets are becoming a major growth driver.

Its premium brands also posted notable growth. Combined sales of FORMULAR BAO, DENZA and YANGWANG reached 410,000 in the first three quarters of this year, up 75% from the same period a year earlier. That figure represented more than 13% of BYD's total sales.

FORMULAR BAO alone sold 126,000 vehicles in the third quarter, up 32.6% from the previous quarter. It accounted for about 70% of the three brands' combined sales in the third quarter, leading growth in the premium segment.

BYD is also increasing its investment in technology. Through the third quarter of this year, it invested 36.3 billion yuan (approximately 7.282 trillion won) in research and development (R&D). Its cumulative investment has exceeded 280 billion yuan (approximately 56.154 trillion won).

In March, the company unveiled its second-generation Blade Battery and FLASH Charging technology. The number of FLASH charging stations in China has surpassed 10,000, and BYD is also working to develop related technology and infrastructure in overseas markets, including the United Kingdom, Italy, Hong Kong, Indonesia and Brazil. In May, it unveiled BYD Super Agent and announced a one-year safety responsibility guarantee policy related to its urban driving assistance features.

BYD highlights its proprietary R&D philosophy, "Technology Fish Pond," as the foundation of its technological competitiveness. The metaphor, used by BYD Chairman Wang Chuanfu, describes developing and accumulating a range of technologies in advance so that suitable technologies can be quickly applied to mass-produced products as market conditions and demand change. The Blade Battery, DM-i hybrid technology and DiSus body control system are representative examples.

BYD plans to continue investing in R&D and product quality while expanding its global production and industrial base to strengthen its position in the eco-friendly vehicle market.

This content was produced with the assistance of AI translation services.