New energy vehicles. Pexels Image.
BYD has been making remarkable progress in the electric vehicle (EV) and hybrid car market. BYD sold over 4.6 million new energy vehicles (NEVs) in 2025, including both fully electric vehicles (BEVs) and plug-in hybrids (PHEVs). The results represent a 8% increase from the previous year.
BYD is expanding its reach in Europe, with assembly plants in Hungary and dealerships in Germany, Norway, and Sweden. BYD is the global leader in NEV sales for several consecutive year and ranked among the top 10 global automakers.
This article explores the global sales volume of BYD’s battery electric vehicle (BEV) and plug-in hybrid (PHEV) cars. Let’s take a look!
Investors interested in BYD’s other statistics may find more resources on these pages:
Sales
Revenue
Profit Margin
- BYD gross margin, vehicle margin, and profit per car,
- BYD vs Tesla: vehicle profit and margin analysis
R&D Budget
Please use the table of contents to navigate this page.
Table Of Contents
Definitions And Overview
- Passenger Vehicles Segment
- Battery Electric Vehicles (BEVs)
- Plug-In Hybrid Electric Vehicles (PHEVs)
Consolidated BEV And PHEV Sales
A1. Passenger Vehicle Sales
A2. Passenger Vehicle Sales As A Percentage Of The NEV Volume
Passenger Vehicle Sales By Category
B1. BEV And PHEV Sales
B2. Percentage Of BEV And PHEV Sales To Total Passenger Vehicle Volume
Growth Rates
C1. Growth Rates Of BEV And PHEV Sales
Conclusion And Reference
S1. Conclusion
S2. References and Credits
S3. Disclosure
Definitions
To help readers understand the content better, the following terms and glossaries have been provided.
Passenger Vehicles Segment: BYD’s passenger vehicle segment focuses on the design, production, and sale of electric passenger vehicles and plug-in hybrid electric vehicles (PHEVs). This segment is part of BYD’s broader strategy to promote new energy vehicles (NEVs), which include battery electric vehicles (BEVs) and PHEVs.
Battery Electric Vehicles (BEVs): BYD has an extensive range of BEVs, each designed to cater to different customer needs and preferences. Here are some of the standout models:
- BYD Han EV: A premium sedan that boasts a sleek design, advanced technology, and impressive performance. It offers a high range on a single charge and comes equipped with BYD’s Blade Battery.
- BYD Tang EV: A spacious and stylish SUV that provides a comfortable ride, powerful performance, and a range of cutting-edge features. It’s well-suited for families and adventure enthusiasts.
- BYD Dolphin: A compact and affordable electric hatchback that is perfect for city driving. It’s known for its efficiency, practicality, and eco-friendliness.
- BYD e6: An electric MPV that is widely used in taxi and ride-hailing services. It offers ample space, durability, and a long range, making it ideal for commercial use.
- BYD Seagull: The BYD Seagull is a compact, fully battery-electric city car designed to be a practical and affordable option for urban driving. The starting price is around $9,700 (69,800 yuan) in China, making it one of the most affordable electric vehicles in the market.
BYD’s BEVs are generally considered affordable, especially when compared to other electric vehicles on the market. For example, the starting price for the Dolphin EV is around $13,900 and the starting price for the Qin Plus EV is around $15,200 (109,800 yuan).
Plug-In Hybrid Electric Vehicles (PHEVs): BYD’s Plug-In Hybrid Electric Vehicles (PHEVs) combine an internal combustion engine (ICE) with an electric motor, allowing them to run on both electricity and gasoline. Here are some popular BYD’s PHEV models:
- BYD Qin Plus DM-i: A compact sedan that offers a balance of efficiency and performance. It features a 1.5-liter turbocharged engine combined with an electric motor, providing a combined range of over 1,000 kilometers (621 miles) on a full charge and a full tank of gas.
- BYD Song Plus DM-i: A mid-size SUV that combines the benefits of an SUV with the efficiency of a PHEV. It offers a spacious interior and a long driving range.
- BYD Tang DM-i: A larger SUV that provides ample space and power, making it suitable for families and long-distance travel.
BYD’s PHEVs are priced competitively, making them accessible to a wider range of consumers. For example, the base price for the BYD Qin L is around $13,775 (99,800 yuan).
Passenger Vehicle Sales
BYD’s sales of BEV and PHEV fall under the passenger vehicle segment. BYD’s passenger vehicle segment is part of the larger new energy vehicle (NEV) segment, which also encompasses the commercial vehicle segment.
BYD’s passenger car sales increased to 3 million cars in 2023 and remarkably totaled 4.2 million cars in 2024. The volume for 2025 measured 4.5 million units, significantly adding to the performance of the preceding period.
This growth trajectory illustrates an increasingly serious expansion in market share, transitioning from a phase of great acceleration toward a more modest yet remarkable upward trend.
Such outstanding results reflect a serious focus on operational scaling and a great ability to maintain momentum within a competitive landscape.
Passenger Vehicle Sales As A Percentage Of The NEV Volume
BYD’s sales of BEV and PHEV fall under the passenger vehicle segment. BYD’s passenger vehicle segment is part of the larger new energy vehicle (NEV) segment, which also encompasses the commercial vehicle segment.
BYD’s sales of Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs) within the passenger vehicle segment account for nearly the entirety of the company’s New Energy Vehicle (NEV) volume. This dominance is vividly illustrated in the accompanying chart.
In fiscal year 2025, BYD’s passenger vehicle segment contributed a striking 98.8% of the total sales in the NEV segment, maintaining a consistent ratio observed since 2021. This consistent performance underscores the pivotal role of the passenger vehicle segment in the company’s overall NEV sales.
The proportion of sales from the passenger vehicle segment has seen a remarkable increase, rising from 91.7% in 2018 to nearly 100% in 2022. This trend has continued steadily from fiscal year 2022 through 2024, highlighting the significant and sustained growth of BYD’s passenger vehicle segment.
This impressive growth trajectory reflects BYD’s strategic focus on the passenger vehicle market and its success in capturing consumer demand for BEVs and PHEVs. The company’s commitment to innovation, quality, and expanding its electric vehicle lineup has solidified its position as a leader in the NEV market, with the passenger vehicle segment at the forefront of this success.
BEV And PHEV Sales
BYD’s passenger vehicle segment consists of two categories of vehicles: BEV and PHEV. The definitions of BYD’s BEV and PHEV are available here: battery electric vehicle (BEV) and plug-in hybrid.
In fiscal year 2023, BYD delivered nearly the same number of electric vehicles and hybrid cars, with 1.6 million Battery Electric Vehicles (BEVs) and 1.4 million Plug-in Hybrid Electric Vehicles (PHEVs). This balance reflected a similar trend observed in fiscal year 2022, when BYD sold 911,000 BEVs and 946,000 PHEVs, demonstrating an almost equal distribution between the two types of vehicles.
However, a significant shift occurred in fiscal year 2024, with the sales of plug-in hybrid cars notably outperforming battery electric vehicles. During this period, BYD delivered approximately 1.8 million BEVs, while hybrid vehicle sales surged to 2.5 million units. This marked a clear departure from the previous balance, highlighting a growing consumer preference for hybrid models.
Before fiscal year 2022, BYD’s distribution of both battery electric vehicles and hybrid cars had been relatively modest, with fewer than 500,000 units sold each year. The substantial growth in sales figures since then underscores the company’s successful expansion and increasing market share in the electric and hybrid vehicle segments.
As of 2025, BYD delivered a same number of electric vehicles and hybrid cars, totaling 2.3 million vehicles within each segment.
Percentage Of BEV And PHEV Sales To Total Passenger Vehicle Volume
BYD’s passenger vehicle segment consists of two categories of vehicles: BEV and PHEV. The definitions of BYD’s BEV and PHEV are available here: battery electric vehicle (BEV) and plug-in hybrid.
Historically, BYD’s sales of battery electric vehicles (BEVs) have made up the majority of its total passenger vehicle volume. From fiscal year 2019 to 2021, BEV sales consistently represented more than 50% of BYD’s total passenger vehicle sales, underscoring the company’s early leadership in the electric vehicle market.
However, this dynamic began to shift in fiscal year 2022, when the sales of BEVs and plug-in hybrid electric vehicles (PHEVs) reached an equal proportion. For instance, during fiscal years 2022 and 2023, BYD’s sales of BEVs and PHEVs each made up roughly 50% of the total passenger vehicle volume. This balance demonstrated BYD’s growing versatility in catering to diverse consumer preferences for both fully electric and hybrid vehicles.
The trend saw a significant shift in fiscal year 2024, with plug-in hybrid cars gaining prominence. During this period, BYD’s sales of PHEVs accounted for a substantial 59% of the total passenger vehicle volume, while BEV sales made up only 42%. This shift indicates a rising consumer preference for the flexibility and extended range offered by hybrid models, reflecting changes in market dynamics and consumer demands.
The evolution of BYD’s sales distribution highlights the company’s ability to adapt and innovate within the electric vehicle market. By expanding its offerings to include a balanced mix of BEVs and PHEVs, BYD has successfully captured a broader market segment and strengthened its position as a leading player in the new energy vehicle industry. This adaptability and strategic focus on meeting consumer needs have been crucial to BYD’s sustained growth and success.
Growth Rates Of BEV And PHEV Sales
BYD’s passenger vehicle segment consists of two categories of vehicles: BEV and PHEV. The definitions of BYD’s BEV and PHEV are available here: battery electric vehicle (BEV) and plug-in hybrid.
BYD’s sales growth across the passenger segment measured 62.2% in 2023 and 41.1% in 2024, before reaching a more modest 6.9% in 2025. During these periods, electric vehicle growth notably added 27.0% in the most recent year, while hybrid vehicle growth decreased by 7.9%.
The data indicates a significant transition from a period of remarkable, triple-digit expansion to a phase of stabilization. While the Overall Passenger Segment has seen a serious deceleration in growth rates, the diverging performance between Electric Vehicles (EV) and Hybrid Vehicles is outstanding.
The 2025 results suggest that while EV demand maintains a modest upward trajectory, the hybrid market has faced a serious cooling period, shifting from a great driver of volume to a contraction.
Conclusion
Overall, BYD’s strategic focus on innovation, quality, and market adaptation has enabled it to achieve significant growth and establish a strong position in the global new energy vehicle market. This trend is expected to continue as BYD continues to innovate and expand its offerings to meet evolving consumer demands.
References and Credits
1. All financial figures presented were obtained and referenced from BYD’s monthly production and sales reports published on the company’s investor relations page: BYD Latest Announcement.
2. Pexels Images.
Disclosure
We may use the assistance of artificial intelligence (AI) tools to produce some of the text in this article. However, the data is directly obtained from original sources and meticulously cross-checked by our editors multiple times to ensure its accuracy and reliability.
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