China-headquartered electric vehicle major BYD has achieved the milestone of rolling out its 7 millionth electric vehicle the Denza N7.
The company says it reached the production of 1 millionth EV in May 2021 and rapidly multiplied this figure threefold within 18 months, then surpassed 5 million units in 9 additional months. In just 7 months from this mark, BYD accelerated to the 7 million milestone, showcasing a robust end-to-end supply chain and the effect of scale.
In 2023, BYD’s cumulative annual sales of EVs soared to 3.02 million units, strengthening its status as a global leader in EV sales. A variety of models from its extensive brand portfolio consistently led sales rankings within their individual categories.
BYD states it proactively engages with the international market and quickly expanded its global footprint in 2023, witnessing a surge in overseas e-car sales that exceeded 240,000 units — a 337% year-on-year growth — making it the leading exporter of EVs in 2023.
Up to now, BYD’s new energy passenger vehicles have been introduced to 64 countries and regions globally, with strategic investments in manufacturing facilities in Thailand, Brazil, Uzbekistan, and Hungary. This year, BYD also becomes the official partner of UEFA European Football Championship 2024, showcasing its electric vehicles on the world stage.
