BYD hits production milestone of 10 million new energy vehicles

Published: Nov 18, 2024 17:56
Source: gasgoo
On November 18, BYD marked its 30th anniversary by rolling off its 10 millionth new energy vehicle (NEV) at the BYD Xiaomo Industrial Park in Shenzhen's Shenshan Special Cooperation Zone.

Shanghai (Gasgoo)- On November 18, BYD marked its 30th anniversary by rolling off its 10 millionth new energy vehicle (NEV) at the BYD Xiaomo Industrial Park in Shenzhen's Shenshan Special Cooperation Zone. With this achievement, BYD has become the first automaker globally to reach the 10-million NEV production mark.

BYD's journey to the first 5 million NEVs took 15 years, while the next 5 million were produced in just 15 months, highlighting the company's exponential growth.

During the event, BYD Chairman Wang Chuanfu handed over the keys of the 10 millionth NEV—a DENZA Z9—to Feng Ji, the founder and CEO of Game Science, and producer of the popular video game Black Myth: Wukong.

On October 20, BYD announced a global strategic partnership with Black Myth: Wukong, becoming its exclusive automotive brand partner. As part of this strategic partnership, BYD and Game Science, the studio behind Black Myth: Wukong, have agreed to collaborate on the protection of China's cultural heritage and national treasures. BYD will work with Game Science to digitize historical sites, providing valuable data for future restoration efforts. In 2024, the partnership will begin in Shanxi province, where much of the game's scenery was filmed, partnering with local museums to digitally scan national treasures. Further plans to expand the project to other provinces will be announced, contributing to the preservation of China's cultural assets.

The DENZA Z9, officially hit the market on November 15 at the Auto Guangzhou 2024, comes with five variants, priced between 334,800 yuan and 414,800 yuan. Positioned as a D-segment luxury sedan, the Z9 features the e3 technology platform, integrating cutting-edge technologies such as independent tri-motor drive and dual rear-motor independent steering. These innovations offer users a superior driving experience focused on agility and safety. Notably, the Z9's enhanced stability system ensures the vehicle stays on course even on slippery or icy surfaces. In extreme scenarios, such as a high-speed blowout at 140 km/h, the e3 technology helps maintain vehicle stability.

Additionally, Wang Chuanfu announced a 3-billion-yuan charitable fund focused on educational philanthropy. The fund will establish scholarships at universities across China and donate NEV dissection vehicles to vocational schools, museums, and science centers nationwide. The initiative aims to inspire students' interest in automotive technology and advanced manufacturing, nurturing the next generation of outstanding engineers.

Looking ahead, BYD revealed its plan to invest 100 billion yuan in the next phase of development, focusing on integrating artificial intelligence with automotive technologies to fully advance complete vehicle intelligence.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[Automotive: Toyota Decides To Halt Development Of Certain Models]
May 29, 2026 15:52
[Automotive: Toyota Decides To Halt Development Of Certain Models]
Read More
[Automotive: Toyota Decides To Halt Development Of Certain Models]
[Automotive: Toyota Decides To Halt Development Of Certain Models]
Toyota Motor Corporation has decided to halt the development of its next-generation battery electric vehicles, specifically targeting a sedan model for its luxury brand Lexus that was originally planned to commence production in mid-2027. This vehicle, featuring fast-charging capabilities and longer cruising range, was showcased at the Japan Mobility Show in October 2023. Initially planned for market launch in 2026, its production start was later postponed to 2027. Over the past year, Toyota's global electric vehicle sales exceeded 190,000 units, a year-on-year increase of 42.4%. However, the decision by the Trump administration in the US to eliminate tax incentives for electric vehicle purchases has created adverse market conditions.
May 29, 2026 15:52
[Automotive: XPeng Group Reports Q1 Revenue Of 13.03 Billion Yuan, Gross Margin Of 20.6%]
May 29, 2026 15:52
[Automotive: XPeng Group Reports Q1 Revenue Of 13.03 Billion Yuan, Gross Margin Of 20.6%]
Read More
[Automotive: XPeng Group Reports Q1 Revenue Of 13.03 Billion Yuan, Gross Margin Of 20.6%]
[Automotive: XPeng Group Reports Q1 Revenue Of 13.03 Billion Yuan, Gross Margin Of 20.6%]
On May 28, XPeng Group released its first quarter financial report for 2026. In the first quarter of 2026, XPeng Group's total quarterly revenue was 13.03 billion yuan, with a quarterly gross margin of 20.6%, an increase of 5.0 percentage points compared to the same period in 2025. Quarterly deliveries reached 62,682 vehicles. Service and other income amounted to 2.03 billion yuan, a year-on-year increase of 41.2%. Quarterly research and development investment was 2.91 billion yuan, a year-on-year increase of 46.8%. As of March 31, 2026, cash on hand was 42.09 billion yuan.
May 29, 2026 15:52
Mankun Tech's Intelligent Driving PCBs Ready for L3, Not Yet Supplied to Tesla
May 29, 2026 13:17
Mankun Tech's Intelligent Driving PCBs Ready for L3, Not Yet Supplied to Tesla
Read More
Mankun Tech's Intelligent Driving PCBs Ready for L3, Not Yet Supplied to Tesla
Mankun Tech's Intelligent Driving PCBs Ready for L3, Not Yet Supplied to Tesla
Mankun Technology stated on an interactive platform that the company's intelligent driving PCB products currently have relatively sufficient orders. The company's intelligent driving PCB products currently possess the technical capability to support L3-level autonomous driving, while higher-level autonomous driving applications are still in the R&D and reserve stage. As of now, the company has not yet supplied Tesla with L3-level autonomous driving-related PCB products. The company will closely monitor industry technological developments and actively explore market opportunities.
May 29, 2026 13:17
BYD hits production milestone of 10 million new energy vehicles - Shanghai Metals Market (SMM)