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.
