BYD Has Built its 9 Millionth Vehicle
Chinese automaker BYD (Build Your Dreams) assembled its nine millionth new-energy vehicle (NEV) this week, providing further evidence of its phenomenal growth in recent months and years.
The company, as a conglomerate, has been in existence for 30 years, while the automotive division has been operational since January 2003, so for almost 22 years.
Phenomenal growth
While the total of nine million vehicles assembled is impressive in its own right, what’s truly remarkable is the near-exponential growth in production over the past three years. In May 2021, the company produced its millionth vehicle, which means it has produced eight million since then. By November 2022, the company had assembled its three millionth vehicle.
If you do the math, that means it has produced six million units since then, in just under two years. In the last three months alone, the automaker has cranked out three million NEVs.
This is staggering for a manufacturer that remains little known on a global scale. In July alone, the company sold 342,000 vehicles wherever it is present on the planet.
Read more