TLDR
- BYD sold 480,186 new energy vehicles in November, a 5.2% decrease from November 2024’s 506,804 units
- This marks the third month in a row of year-over-year sales declines for the Chinese automaker
- Battery electric vehicle sales surged 19.9% while plug-in hybrid sales plunged 22.4% year-over-year
- Full-year sales through November total 4.18 million units, up 11.3% from last year
- Export volumes hit 131,935 units as BYD expands its international presence
BYD Company posted November 2025 sales of 480,186 new energy vehicles, dropping 5.2% from the 506,804 units sold during the same month last year. The results extend the automaker’s sales decline streak to three consecutive months.
Manufacturing output followed a similar pattern. The company produced 474,175 NEV units in November versus 540,588 units in November 2024. Production fell short of sales by about 6,000 units, suggesting BYD used existing inventory to meet customer orders.
Despite the monthly setbacks, BYD’s annual performance remains strong. The company has sold 4.18 million NEVs through the first eleven months of 2025, an 11.3% increase year-over-year. Production for the same period reached 4,117,552 units, up 7.29% from last year.
Product Mix Reveals Shifting Customer Preferences
Passenger vehicle sales totaled 474,921 units in November, down 5.7% compared to the prior year. The category breakdown shows a clear divide in consumer demand.
Battery electric vehicles recorded 237,540 sales, jumping 19.9% from November 2024. BEVs now account for exactly half of all passenger vehicle sales. The growth indicates buyers are choosing fully electric options over alternatives.
Plug-in hybrid vehicles saw the opposite trend. Sales dropped 22.4% to 237,381 units compared to last year’s November figures. The steep decline in PHEV demand contrasts sharply with the BEV surge.
Commercial vehicles bucked the downward trend. BYD sold 5,265 commercial NEVs, up from 2,801 units in November 2024.
Global Expansion and Production Metrics
November exports totaled 131,935 vehicles. The number reflects BYD’s ongoing efforts to capture market share outside China.
The company installed 27.669 GWh of NEV power and energy storage batteries during the month. Year-to-date installed capacity through November reached 258.282 GWh.
Analysts rate BYD stock as a Buy with a HK$130.00 price target. Shares have climbed 10.93% year-to-date. The company’s market cap sits at HK$913.9 billion. Daily trading volume averages 30,384,801 shares.
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