South Korean media: BYD continues to advance strongly, overseas sales surge 112%!

On July 27, South Korean media "Today's Finance" published an article stating that a source from BYD recently told overseas media CnEVPost, "sales have been steadily increasing in recent months, production has remained stable, and dealers' inventory levels are within reasonable ranges."

A BYD representative emphasized, "In recent months, the company's market share in China has risen from 15% to 17%", and "there has been no reduction in production."

Actual performance also confirms this claim. From January to May this year, BYD's global cumulative sales reached 1.76 million units, up 39% year-on-year. Among them, overseas sales reached 373,000 units, up 112% year-on-year, and the overseas market also showed a rapid growth trend.

Especially in the overseas market, monthly sales have continued to set new records. According to data from CnEVPost, BYD's overseas monthly sales have surged continuously over the past five months, with year-on-year growth rates ranging from 83% to 188%.

At the previous BYD shareholders' meeting, Chairman Wang Chuanfu expressed confidence, saying, "In May, overseas sales reached about 90,000 units, and our overseas performance this year will be very solid."

At the same time, BYD has also strengthened its dealer support policies in the Chinese market, providing a subsidy of 666 RMB per vehicle, and launching a "circuit breaker mechanism," which will stop supply when dealers' inventory exceeds the warning line.

According to statistics from the China Passenger Car Association, as of the end of May, the total inventory of passenger cars nationwide was 3.45 million units, down 50,000 units from the previous month, and up 160,000 units year-on-year. Among them, the inventory of self-owned brands was 1.9 million units, the same as in April.

BYD explained that these measures are aimed at preventing inventory excess in advance and adopting flexible strategies to respond to market demand.

Original article: https://www.toutiao.com/article/1838784672288777/

Statement: This article represents the views of the author.