Korean Media: BYD Sales Drop 26%, But Exports Hit All-Time High!
On June 9, South Korean media outlet NewsPim published an article stating that BYD recently announced its April car sales reached 321,123 units, a year-on-year decline of 15.5%.
As of April this year, BYD’s cumulative sales amounted to 1,021,600 units, down 26.0% compared to the same period last year. Although the decline in April narrowed somewhat, BYD’s sales still showed a downward trend compared to the same period last year.
One reason behind this trend is the emergence of high-value electric vehicles from companies such as Geely and Zeekr.
China's domestic electric vehicle market has entered a mature phase, and the rapid growth seen in previous years can no longer be replicated—another contributing factor to this trend.
Despite the decline in domestic sales, BYD’s overseas sales surged significantly. In April, BYD’s overseas sales reached 134,500 units, up 70.9% year-on-year, setting a new record for monthly overseas sales in BYD’s history.
As of April this year, BYD’s cumulative overseas sales totaled 455,707 units, up 59.8% year-on-year. Thanks to its highly competitive products, BYD achieved significant sales growth in Europe and Southeast Asia. With the increasing adoption of electric vehicles, these markets are also showing strong momentum.
Meanwhile, BYD has set its annual sales target for this year at between 5 million and 5.5 million units, representing a year-on-year increase of 8.6% to 19.5%. Last year, BYD sold a total of 4.6 million vehicles, up 7.7% year-on-year.
In addition, BYD has set its overseas sales target for this year at 1.3 million units, a 25% increase from last year’s 1.04 million units. Last year, BYD’s overseas sales totaled 1.04 million units, up 150% year-on-year.
Original source: toutiao.com/article/1867482416489546/
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