BYD, one of the world’s leading automakers, marked a monumental achievement during its 30th-anniversary celebrations by producing its 10 millionth New Energy Vehicle (NEV). The milestone solidifies the company’s dominance in the global push towards sustainable mobility and reflects its impressive evolution from a modest battery manufacturer to a trailblazer in green automotive technology.
With the latest milestone, the company is now the first automaker in the world to reach this groundbreaking figure. Remarkably, BYD took 15 years to produce the first 5 million NEVs and achieved the next 5 million in just 15 months, demonstrating the company’s strategic focus on new energy vehicles.
The 10-millionth vehicle, a Denza Z9, was presented to Feng Ji, Founder & CEO of Game Science and the visionary behind the critically acclaimed game “Black Myth: Wukong”.
A Journey from Batteries to NEVs
Founded in 1995 with a workforce of just 20 employees, BYD started as a battery maker. The company ventured into the automotive industry in 2003 with the acquisition of Qinchuan Automobile. Its journey has been marked by bold innovation, starting with the launch of its first vehicle, the F3, in 2005, which achieved phenomenal success by selling 100,000 units within 14 months.
BYD introduced its first plug-in hybrid vehicle, the F3DM, in 2008, equipped with the pioneering DM hybrid technology. This innovation laid the foundation for the company’s robust NEV lineup, which now encompasses plug-in hybrids (PHEVs) and battery-electric vehicles (BEVs).
Dominating the NEV Market
BYD’s decision to cease the production of internal combustion engine vehicles in 2022 showcased its unwavering focus on green mobility. Today, the automaker sells over 500,000 NEVs monthly, a testament to its market leadership. The company’s technology, including its DM-i and DM-p hybrid platforms, has revolutionized fuel efficiency and performance.
In just three years, BYD scaled from producing its 1 millionth NEV in 2021 to achieving the 10 million mark by 2024. This remarkable growth underscores its commitment to making sustainable mobility accessible worldwide.
A Global Vision for Sustainability
As NEV sales continue to grow, BYD is expanding its global presence. The company aims to deliver 6 million vehicles annually by 2026, with a significant portion targeting international markets. Such expansion aligns with its mission to promote eco-friendly transportation solutions and reduce carbon footprints globally.
Related: BYD Now Exports Cars in its Own Purpose-Built Vessel
BYD’s journey over three decades is a story of resilience, innovation, and vision. From humble beginnings to becoming a global NEV leader, the company has consistently pushed the boundaries of what’s possible in sustainable mobility. As BYD looks ahead, its milestones serve as a beacon of inspiration for the automotive industry to embrace a greener future.
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