In the first quarter, BYD sold 552,076 NEVs, up 92.81 percent year-on-year, but down 19.22 percent from the fourth quarter of last year.

BYD sold 207,080 new energy vehicles (NEVs) in March, up 97.45 percent from 104,878 units in the same month last year and up 6.93 percent from 193,655 units in February, according to data released today.

The company discontinued production and sales of vehicles powered entirely by internal combustion engines in March last year and shifted to focus on producing plug-in hybrid vehicles (PHEVs) and battery electric vehicles (BEVs).

BYD's NEVs include passenger cars as well as commercial vehicles, with sales of 206,089 passenger NEVs in March, up 97.52 percent from 104,338 units in the same month last year and up 7.53 percent from 191,664 units in February.

BYD's commercial NEVs sold 991 units in March, up 83.52 percent from 540 units in the same month last year, but down 50.23 percent from 1,991 units in February.

Among these passenger NEVs, BEVs sold 102,670 units, up 91.32 percent from 53,664 units a year ago and up 13.27 percent from 90,639 units in February.

Its passenger PHEVs were 103,419 units, up 104.09 percent from 50,674 units in the same month last year and up 2.37 percent from 101,025 units in February.

In March, BYD sold 13,312 NEVs in overseas markets, down 11.27 percent from 15,002 units in February.

The company first announced overseas sales figures for NEVs in July 2022.

In addition to being China's largest NEV company, BYD is also the country's second-largest manufacturer of power batteries.

BYD's installed power and storage battery capacity in March was about 9.891 GWh, up 84.77 percent from 5.353 GWh in the same month last year and up 10.49 percent from 8.952 GWh in February.

In the first quarter, BYD's NEV sales were 552,076 units, up 92.81 percent from 286,329 units in the same period last year, but down 19.22 percent from 683,440 units in the fourth quarter last year.

Among them, passenger NEV sales in the first quarter were 547,917 units, up 92.43 percent year-on-year and down 19.67 percent from the fourth quarter of last year.

BYD aims to sell at least 3 million vehicles this year