BYD continued its recovery in June, posting a second consecutive month of year-over-year wholesale sales growth as easing production constraints and surging international demand helped offset ongoing weakness in its home market.
The Chinese new energy vehicle (NEV) manufacturer delivered 403,472 wholesale NEVs in June, representing a 5.46% increase compared with the same month last year. Sales also improved 5.22% from May’s total of 383,453 units, highlighting growing momentum after earlier production disruptions.
Passenger Vehicle Sales Continue to Improve
Passenger NEV sales reached 397,292 units during June, rising 5.21% year-over-year and 5.39% month-over-month.
Battery-electric vehicles (BEVs) accounted for 201,472 units, down 2.62% from a year earlier but up 1.41% from May. While pure electric models remained under pressure, plug-in hybrids continued to perform strongly.
Passenger plug-in hybrid electric vehicle (PHEV) sales climbed to 195,820 units, increasing 14.69% year-over-year and 9.82% month-over-month, providing much of the company’s overall growth during the month.
BYD’s commercial NEV business also maintained positive momentum, with 6,180 vehicles sold, an increase of 24.67% compared with June last year.
Overseas Markets Become BYD’s Main Growth Engine
International markets remained BYD’s strongest performer in June.
The automaker delivered a record 175,349 vehicles overseas, representing a massive 94.73% year-over-year increase and a 9.15% gain over May. Overseas deliveries accounted for 43.46% of BYD’s total June NEV sales, underlining the growing importance of export markets to the company’s business.
Domestic demand, however, continued to weigh on overall performance. Sales in China totaled 228,123 units, down 22.02% year-over-year, although they edged up 2.39% compared with May.
Second Quarter Shows Strong Sequential Recovery
BYD delivered 1,108,048 NEVs during the second quarter, marking a substantial 58.19% increase from the first quarter. However, quarterly sales remained 3.24% below the same period last year.
International sales continued to stand out, reaching 471,091 units in the quarter. That represented an 82.46% year-over-year increase and a 46.68% improvement compared with the first quarter.
Within the passenger vehicle lineup:
– BEV sales: 557,090 units, down 8.22% year-over-year.
– PHEV sales: 531,292 units, up 2.14% year-over-year.
The figures highlight the resilience of BYD’s hybrid lineup as demand for fully electric models remains more challenging.
First-Half Sales Still Trail Last Year
Despite improving monthly performance, BYD remains behind last year’s pace.
From January through June, the company sold 1,808,511 NEVs, a 15.72% decline compared with the first half of the previous year.
Exports continued to provide the company’s strongest source of growth. First-half overseas deliveries reached 792,256 vehicles, soaring 70.65% year-over-year and accounting for 43.81% of total NEV sales during the period.
Meanwhile, domestic sales totaled 1,016,255 units, down 39.57% from a year earlier as China’s highly competitive EV market continued to pressure automakers.
Production Transition Nearing Completion
BYD’s improving sales trend comes as the company moves beyond a major manufacturing transition.
The automaker has been upgrading production from its first-generation Blade Battery to a second-generation version featuring ultra-fast charging capability. The factory overhaul temporarily reduced production capacity and extended delivery times for several high-volume models.
With the production upgrades now largely complete, capacity constraints have eased, allowing deliveries to accelerate during June.
At the same time, BYD continues expanding its presence in higher-end market segments. In mid-June, the company launched the Da Tang, its first flagship D-segment SUV under the Dynasty lineup, further broadening its premium vehicle portfolio.
While China’s domestic market remains challenging, record export performance and improving production capacity suggest BYD is regaining momentum heading into the second half of the year.
