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BYD had blended leads to October on the subject of automobile gross sales. On the one hand, its full battery electrical automobile (BEV) gross sales have been up solidly, +34.5% yr over yr. That’s the quantity pure EV followers are most enthusiastic about, so excellent news there.
Plugin hybrid electrical automobile (PHEV) gross sales, however, have been down considerably. They dropped 31% yr over yr. All mixed, then, BYD’s plugin passenger automobile gross sales have been down 12.7% in comparison with October 2024.
Trying throughout the primary 10 months of the yr as an entire, issues look a bit higher. Right here’s how issues modified in comparison with January–October 2024:
- Plugin automobile gross sales have been up 12.9%
- Full battery electrical automobile gross sales have been up 34.5%
- Plugin hybrid automobile gross sales have been down 2.7%
General, BYD remains to be clearly the king of the EV market globally. It handed up Tesla way back now, and continues to see its BEV gross sales develop (whereas Tesla’s gross sales largely decline today). Add within the plugin hybrids and, regardless of the drop, nobody is near BYD. It’s mainly competing with itself today. Who wins subsequent month — 2024 BYD or 2025 BYD?
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