BYD has reported record-breaking electric vehicle (EV) sales for the first quarter of 2025, with nearly one million units sold globally. The Chinese automaker recorded a total of 990,711 passenger vehicle sales in Q1, marking a significant 58.7% increase from the 624,398 units sold in the same period last year.

In March alone, BYD delivered 377,420 vehicles globally, of which 371,419 were passenger cars. This represented a 15% increase compared to February and a 23.1% rise from the previous year. The company also produced 395,091 vehicles in March, a 33% increase from 296,253 units in March 2024. The difference between production and sales stood at 17,671 vehicles.

Export figures reached an all-time monthly high, with 72,723 units sold overseas in March. This marked an 8.5% increase from February and a staggering 90% jump compared to the same month last year. In total, BYD exported 206,084 vehicles in Q1 2025, a sharp 110.5% increase from the first quarter of 2024.

Breaking down the Q1 sales figures, the company sold 416,388 battery electric vehicles (BEVs), reflecting a 39% increase from the 300,114 units sold in Q1 2024. BEVs accounted for 42.2% of total sales, a slight decline from 48.1% in the previous year. Meanwhile, plug-in hybrid electric vehicles (PHEVs) saw an even greater surge, with 569,710 units sold, up 76% from 324,284 in Q1 2024. PHEVs accounted for 57.8% of total sales, up from 51.9% last year.

BYD, which ceased production of internal combustion engine (ICE) vehicles in April 2022, continues to focus exclusively on BEVs and PHEVs. The company’s ambitious growth trajectory saw it sell 3 million vehicles in 2023 and 4.3 million in 2024. Projections indicate deliveries will reach approximately 5.5 million units in 2025 and 6.5 million in 2026.

Among its sub-brands, Yangwang delivered 133 units in March, while Fang Cheng Bao saw a remarkable 126% year-on-year growth with 8,051 units sold. Denza recorded 12,620 sales, reflecting a 22.8% year-on-year increase, while BYD’s Dynasty and Ocean series continued to dominate, with 350,615 units sold, a 23% rise from the previous year.

Year-to-date, BYD has sold a total of 1,000,804 vehicles, of which 986,098 were passenger cars. The company also announced that cumulative sales of its electric vehicles have now surpassed 11.6 million units as of March 2025, further cementing its position as a global EV leader.