WUHAN, CHINA - (CHINA OUT)Attendees wear protective masks as they look around at the BYD Auto during the Wuhan Motor Show 2021 on October 21, 2021 in Wuhan, Hubei province, China.
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BYD is aiming high in 2022, with the Chinese manufacturer telling investors this month that one of its main goals for the year is to serve 3 million customers with new energy vehicles (NEV). BYD did not directly mention its sales target for the year but figures the company released last month showed them selling around 1.51 million cumulative new energy passenger vehicles in 2021. That means BYD is targeting sales of about 1.5 million NEVs this year, up 153 percent from the 593,700 vehicles it sold in 2021.
Just last December, BYD announced in an investor conference call that the company's NEV sales target for 2022 would be roughly around 1.1-1.2 million units, the breakdown of which are about 500,000 to 600,000 PHEVs (plug-in hybrids) and 600,000 BEVs (battery electric vehicles).
BYD's implied sales target of 1.5 million vehicles for 2022 is a 25 percent upward revision from the company's previously mentioned goal of 1.2 million units. With the company setting a new sales target, BYD implies that it will sell an average of 125,000 units per month.
BYD off to a solid start in 2022
BYD is off to a very strong start this year, with the Chinese manufacturer posting a new monthly record of plug-in electric car sales in January 2022. BYD managed to sell 92,926 plug-in vehicles last month, a massive 268 percent increase compared to its numbers during the same period in 2020.
BYD made history with that sales result as it is the eighth consecutive monthly record for the burgeoning automaker. BYD's previous highest monthly result was in December of last year when it sold 92,823 units. Besides plug-in electric vehicles, BYD also managed to sell over 2,000 non-plug-ins, which represent just 2 percent of the firm's volume right now.
For reference, BYD sold 593,745 plug-in vehicles in China in 2021, a new record for the company. That figure was 232 percent higher than BYD's total sales in the previous year.
Also Read: China NEV Sales Fall 18.6% in January as Subsidy Cuts for Electric Vehicles Take Effect in 2022
Hybrids Qin Plus DM and Song DM top BYD's January rankings
As per INSIDEEVs, for January, the top-selling BYD models are the plug-in hybrids Qin Plus DM and Song DM, which sold 18,449 and 16,411 units, respectively. They were followed by two all-electric cars of BYD. The Dolphin ranked third with 10,602 units sold, while Han EV finished fourth with 10,051 deliveries. The Tang DM plug-in hybrids came in fifth with 8,847 units sold.
Rounding out the top 10 were the BYD Qin Plus EV (7,086 units), BYD Yuan EV (6,596 units), BYD Song EV (4,311 units), BYD e2 (3,535 units), and BYD Han DM (2,730 units). Aside from the January results of the Han EV, all of those figures were new monthly records.
The data also showed BYD delivering 242 commercial electric vehicles (buses and trucks) last month. Coupled with the plug-in cars that BYD sold to start the year, the automaker's total sales for plug-in vehicles stood at 93,168 units in January.
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