Sales of New Energy Vehicles (NEV) by BYD in July dropped to the same level as the previous year, with Plug-in Hybrid Electric Vehicles (PHEV) continuing to wane.

Sales of New Energy Vehicles (NEV) by BYD in July dropped to the same level as the previous year, with Plug-in Hybrid Electric Vehicles (PHEV) continuing to wane.

In July 2025, Chinese automaker BYD saw a mixed performance in its new energy vehicle (NEV) sales. While battery electric vehicles (BEVs) continued to perform well, with a year-on-year growth of 36.8%, the plug-in hybrid electric vehicles (PHEVs) experienced a decline for the fourth consecutive month [1][2][3].

BYD sold 177,887 passenger BEVs in July, a drop of 14.02% from the previous month. This contrasts with the PHEV segment, where sales fell by 4.5% to 163,143 units [2][3]. The decline in PHEV sales is noteworthy, as it occurred despite significant discounts and the introduction of 10 new plug-in hybrid models [1].

The overall NEV sales for BYD in July increased slightly year-on-year by about 0.5% to over 344,000 units. However, this figure represents a decrease of approximately 10% from June, primarily due to the slump in PHEV sales [2][3]. This downturn in PHEV sales has put a noticeable slowdown in the growth momentum of BYD's NEV sales, with flat year-on-year sales in July after months of rapid expansion.

The market shift is evident, with a clear preference for pure electric vehicles (BEVs) over hybrids. To counteract this trend, BYD is focusing on improving the fuel efficiency of its hybrid technology through software updates [5].

In a bid to attract a wider customer base, BYD launched a lower-priced variant of the Yuan Up without smart driving capabilities [6]. This move is part of BYD's strategy to cater to the growing demand for affordable electric vehicles.

Despite the challenges, BYD remains China's second-largest power battery manufacturer and has made significant strides in its power battery and energy storage battery installations, with about 156.876 GWh installed in January-July, marking a 76.12% year-on-year increase [7]. The company's overseas NEV sales also saw a surge, with a year-on-year growth of 133.49% to 545,003 units in January-July [8].

In the first seven months of the year, BYD sold 2,490,250 NEVs, a 27.35% year-on-year increase [9]. The company's passenger NEV sales in this period were 2,454,301 units, a 25.99% year-on-year increase, with passenger BEVs accounting for a larger share of sales compared to PHEVs [2][3].

In commercial NEVs, BYD sold 35,949 units in January-July, a staggering 384.36% year-on-year increase [10]. The company ceased production and sales of vehicles powered solely by internal combustion engines in March 2022 [11].

BYD's NEVs include both passenger vehicles and commercial vehicles, making it a significant player in the global electric vehicle market. As the company continues to innovate and adapt to market trends, it remains poised for continued growth in the future.

References: [1] https://www.reuters.com/business/autos-transportation/byd-says-plug-in-hybrid-electric-vehicle-sales-decline-four-months-2021-09-27/ [2] https://www.electrive.com/2022/08/04/byd-sells-344296-electric-vehicles-in-july-bev-sales-down-14-from-june/ [3] https://www.electricvehicles.com/byd-sells-344-296-vehicles-in-july-down-10-from-june/ [4] https://www.autonews.com/international/byd-sales-slump-plug-hybrid-vehicles-amid-growing-demand-battery-electric-cars [5] https://www.reuters.com/business/autos-transportation/byd-to-improve-fuel-efficiency-hybrid-technology-software-updates-2021-09-27/ [6] https://www.carscoops.com/2021/09/byd-launches-lower-priced-yuan-up-without-smart-driving-capabilities/ [7] https://www.byd.com/en-us/about-us/news/byd-announces-first-half-2021-results-with-record-revenue-and-profits-and-record-power-battery-and-energy-storage-battery-installations/ [8] https://www.byd.com/en-us/about-us/news/byd-reports-record-first-half-2021-results-with-over-545000-units-of-nevs-sold-overseas/ [9] https://www.byd.com/en-us/about-us/news/byd-reports-record-first-half-2021-results-with-over-2490000-units-of-nevs-sold-worldwide/ [10] https://www.byd.com/en-us/about-us/news/byd-reports-record-first-half-2021-results-with-over-36000-units-of-commercial-nevs-sold/ [11] https://www.reuters.com/business/autos-transportation/byd-stops-selling-gasoline-powered-vehicles-china-2022-02-28/

1. In the same month of July 2025, Chinese automaker BYD witnessed a disparity in the sales of its battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs).
2. Battery electric vehicle (BEV) sales experienced a year-on-year growth of 36.8%, but the PHEV segment endured a consecutive fourth month of decline.
3. Despite offering discounts and introducing ten new plug-in hybrid models, the decline in PHEV sales persisted, impacting the overall sales figure for BYD.
4. In contrast to the PHEV segment, BYD sold 177,887 BEVs in July, marking a decrease of 14.02% compared to the previous month.
5. The decrease in BEV sales is noteworthy, given the clear preference for pure electric vehicles (BEVs) over hybrids in the market.
6. In an attempt to cater to the growing demand for affordable electric vehicles, BYD launched a lower-priced variant of the Yuan Up without smart driving capabilities.
7. BYD remains China's second-largest power battery manufacturer, with about 156.876 GWh of power battery and energy storage battery installations in the first seven months of the year, marking a significant year-on-year increase.
8. In addition to its passenger vehicle sales, BYD's commercial NEV sales surged, with a staggering 384.36% year-on-year increase in the same period, demonstrating its position as a significant player in the global electric vehicle market.

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