BYD, the world’s leading manufacturer of ‘new energy’ vehicles (NEVs) and power batteries, became the world's first automotive manufacturer to roll off its 7 millionth car, the DENZA N7, which was unveiled at its Jinan factory in China on 25 March, symbolising another milestone for the brand.

BYD reached the production of the 1 millionth NEV in May 2021 and rapidly multiplied this figure three-fold within 18 months, then surpassed 5 million units in merely 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 NEVs soared to 3.02 million units, solidifying the company’s status as the global leader in NEV sales. A number of BYD models from its large brand portfolio consistently led sales rankings within their individual categories.

Proactively engaging with the international market, BYD quickly expanded its global footprint in 2023, witnessing a surge in overseas new energy passenger car sales that exceeded 240,000 units — a 337% year-on-year growth — making it the top Chinese exporter of NEVs 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 will be the official partner of the UEFA European Football Championship 2024, showcasing its NEVs on the world stage.

Looking ahead, BYD commits to broadening and deepening localisation strategies for its products, technologies, and brand presence across international markets, continuing to drive the global automotive industry towards a greener era.