BYD concludes 2023 with record 3mn annual sales, leading global NEV market

BYD, world’s leading manufacturer of new energy vehicles (NEVs), which recently announced its collaboration with Sri Lanka’s largest listed conglomerate John Keells Holdings PLC (JKH), concluded 2023 with a record-breaking sales volume.

Surpassing the three million annual sales target, BYD becomes the global NEV sales champion, for the second year in a row. 

China’s BYD has partnered with JKH to provide cutting-edge NEV to the Sri Lankan market.
This year also marks BYD being listed among the global top 10 of car sales for the first time. In the Chinese market, BYD retained its position as the best-selling car brand and manufacturer.

December saw sales of 341,043 units, a 45 percent increase, culminating in a total of 3,024,417 vehicles sold throughout the year, a substantial 61.9 percent surge from the previous year. 

In 2023, BYD’s international market presence surged remarkably, with exports growing by 334.2 percent to 242,765 units and its reach across over 70 countries on six continents. BYD further consolidated its presence in the South Asian region, with its most recent partnership with Sri Lanka’s largest listed conglomerate JKH. 
With BYD’s technological prowess and commitment to providing global consumers with more eco-friendly and efficient mobility solutions, coupled with the support from global top-tier partners, BYD’s technology and products have been favoured by numerous global consumers and given a multitude of product recognitions.
In 2023, BYD completed its brand matrix, including the Dynasty series, Ocean series, DENZA, FANGCHENGBAO and YANGWANG. This development solidifies BYD’s position as having one of the most extensive portfolios in the global new energy sector. 

The Dynasty and Ocean series achieved impressive sales of 2,877,353 units, marking a 55.3 percent increase from the previous year. DENZA sold 127,840 units in 2023, with the DENZA D9 emerging as the annual MPV sales champion. Besides, the upcoming OTA for DENZA N7 is set to showcase BYD’s leading position in intelligent vehicle technology.

YANGWANG and FANGCHENGBAO, both launched in 2023 and initiated deliveries in November, received excellent market responses. YANGWANG U8 emerged as a top seller in the million-level NEV segment, while BAO 5 established a strong foothold in the off-road segment.

From leading China’s NEV market to becoming the top global NEV seller and now ranking among the top 10 in the global automotive industry, BYD has showcased the vast potential of the new energy sector. With the commitment to leveraging ‘technological innovations for a better life’, BYD will continue to accelerate the transition towards a greener future and contribute to its vision to ‘Cool the Earth by 1°C’.