BYD sales rise 17.8% to 440,293 vehicles as exports cushion China demand

  • BYD increased global vehicle sales for a fourth consecutive month in August.
  • 17.8%: Total sales reached 440,293 vehicles, while overseas shipments climbed 134.5%.
  • Brazil became BYD’s largest market outside China and a key overseas growth pillar.

BYD’s global sales increased for a fourth consecutive month in August, with total deliveries rising 17.8% year on year to 440,293 vehicles. Overseas shipments surged 134.5% to 189,466, helping offset sluggish demand in China. The figures, calculated by Reuters from BYD’s disclosure on Tuesday, underscore the company’s push into Europe, Southeast Asia and other international markets as China’s EV sector becomes increasingly saturated. BYD, the world’s largest EV maker by shipments, generated more revenue overseas than in China for the first time during the January-to-June period, while exports helped improve gross profit margins. Brazil, its biggest market outside China, is central to the strategy as the company prepares to launch its first locally produced plug-in hybrid flex-fuel vehicle there. International growth has helped buffer weaker profitability at home, although BYD’s second-quarter profit recovery fell short of expectations amid intense competition in China’s auto market.

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BYD sales rise 17.8% to 440,293 vehicles as exports cushion China demand - CoinPost Terminal