ISLAMABAD: With an exorbitant sale of 4.25 million units globally in 2024, BYD, the largest Chinese electric automaker, is expected to touch 5.5 million vehicle sale in 2025, outstripping the pace of Tesla, the US EVs automaker.

BYD has set targets for itself, of around 5-6 million electric vehicles sale globally.

From China, BYD exported 417,204 vehicles in 2024, registering a huge 71.9% jump from 2023. The company sold 3.49 million vehicles in China, of around $58 billion.BYD to Showcase BYD passenger cars to the Pakistani Market

BYD’s record-breaking sales and market growth in 2024 highlight its strong position in the global automotive and energy sectors, setting the stage for continued success in 2025.

2025 Outlook:

• Analysts predict that BYD will sell around 5.5 million cars in 2025.
• The anticipated higher volumes are expected to reduce unit costs, improving margins per vehicle.
• BYD has set a target to sell between 5 million and 6 million cars in 2025.

2024 Sales Overview and Comparison:

• Global Sales:
  In 2024, BYD set a record by selling 4.25 million vehicles globally, marking a 41% increase from 2023.
• Sales in China:
  The company sold 3.49 million vehicles in China, generating revenue of 420.7 billion yuan (around $58 billion).
• Exports:
  BYD exported 417,204 vehicles in 2024, reflecting a significant 71.9% increase from 2023. Exports accounted for about 10% of the company’s total sales.
• Market Position:
  BYD surpassed Volkswagen and SAIC in October 2024, becoming the largest automaker in China. It also ranked first in car sales revenue in China, surpassing both Mercedes-Benz and Volkswagen.
• New Energy Vehicles (NEVs):
  BYD sold a total of 4.27 million NEVs in 2024, which includes both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), marking a growth of about 41.26% compared to the previous year.
• BEV and PHEV Sales:

• BEV sales rose by 12.08%, totaling 1.76 million vehicles in 2024.
• PHEV sales soared 72.83% year-on-year to reach 2.49 million units.
• Average Selling Price (ASP):
  BYD’s average selling price per vehicle was $16,700 (121,000 yuan), much lower compared to Mercedes-Benz’s $59,500 (430,000 yuan) and Volkswagen’s $19,700 (143,000 yuan).