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BYD, a global leader in the production of new energy vehicles (NEVs) and power batteries, achieved a significant milestone on March 25th by rolling off its 7 millionth NEV, the DENZA N7, at its Jinan factory in China. This marks a notable achievement for the company, emphasizing its rapid production growth and strong position in the NEV market. The event symbolizes BYD’s continued commitment to advancing the automotive industry toward a more sustainable future.
Key Highlights:
- BYD becomes the first automaker globally to produce 7 million NEVs.
- Rapid growth observed as BYD multiplied its NEV production from 1 million to 7 million in a remarkably short period.
- In 2023, BYD’s NEV sales reached 3.02 million units, maintaining its lead in global NEV sales.
- Expansion in the international market led to a 337% increase in overseas NEV passenger car sales in 2023.
- BYD’s global footprint now extends to 64 countries, with significant investments in manufacturing facilities worldwide.
- Commitment to green automotive solutions remains strong, with plans to deepen localization strategies and technology sharing globally.
BYD’s journey from producing its 1 millionth NEV in May 2021 to its 7 millionth in a short span highlights its robust supply chain and scale effects. The company’s cumulative annual NEV sales in 2023 underscore its dominance in the NEV market, with a variety of models leading sales in their respective categories.
The company’s strategic international engagement has significantly boosted its presence, especially with the impressive growth in overseas sales. This expansion aligns with BYD’s ambition to promote green transportation solutions globally, supported by its strategic investments in manufacturing and technology development across key international markets.
As BYD aligns with global events like the UEFA European Football Championship 2024™, it not only showcases its NEV innovations but also reinforces its brand presence on the international stage. This initiative reflects BYD’s broader commitment to reducing the automotive industry’s carbon footprint and facilitating a transition to greener transportation solutions.
About BYD: Established in 1995, BYD has evolved from a rechargeable battery maker into a multinational conglomerate, focusing on automobiles, rail transit, new energy, and electronics. With its commitment to zero-emission energy solutions, BYD aims to play a pivotal role in reducing global dependence on fossil fuels. The company’s extensive reach across industries and continents highlights its mission to leverage technology for a more sustainable and greener world.
For more information about BYD and its initiatives, visit www.bydglobal.com.
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