Global NEV Leader BYD Sets Ambitious Goal: Double NEV Sales to Almost 4 Million Units in 2023

Wang Chuanfu, chairman of BYD, which is the top seller of new energy vehicles not only in China but also around the world, has set a goal of doubling its sales this year. The company sold nearly 1.89 million cars last year.  

Warren Buffett-backed electric car maker BYD sold more than 440,000 vehicles in China in the first quarter this year, overtaking its German rival Volkswagen as the country's top-selling car brand, according to auto industry data.
BYD announced its March sales data recently. The company sold 207,080 cars in March this year, a year-on-year increase of 97.4%. This includes 206,089 passenger cars (including 13,312 cars for exports), up 97.5% from a year ago. Among the passenger cars it sold last month, 103,419 units were plug-in hybrid electric cars, while the rest being pure electric ones.