BYD sold 161% more EVs in China than same time last year, entering new markets with growth momentum
Chinese automaker Build Your Dreams (BYD) continues to stake its case for worldwide attention as it reports tremendous year-over-year EV sales growth for yet another consecutive month. When looking at the company’s growth since 2020 and its recent expansion into new markets outside of China, BYD should be on your radar as a contender to become a globally recognized EV brand.
BYD Auto is an automotive subsidiary of BYD Co. Ltd. currently operating as one of the largest auto manufacturers in China. In 2021 alone, BYD produced over 320,000 BEVs, second in the country to only SAIC Motor.
As an EV automaker, BYD Auto has been delivering vehicles since 2008 when it launched a plug-in hybrid version of its F3 sedan. More recently, however, BYD officially nixed all combustion vehicle production and remains a solely electric brand.
Although the company has found success selling EVs in China, it has only recently begun to expand its sales reach in recent years. BYD has recently announced plans to sell passenger EVs in a bunch of countries throughout Europe. (More on that below).
Today, BYD has shared another successful month of EV sales growth that is already beginning to translate to its new markets overseas.
BYD’s EV sales continue to climb alongside its global reach
As pointed out and translated by CnEVPost, BYD shared its most recent EV sales numbers for September in an announcement on the Hong Kong Stock Exchange. BYD states that it sold a whopping 94,941 BEVs in China last month, up 161.5% compared to September of 2021 (36,306 EVs).
Overall, BYD states that it sold 201,259 new energy vehicles (NEVs) in September alone – a record for the Chinese automaker and its first time eclipsing 200K units in a single month. Furthermore, September’s growth marks seven straight months of record sales. Total BEV sales are up over 183% compared to September of 2021 and up over 15% compared to a month ago.
Check out BYD’s NEV sales growth over the past three years. Notice the leap in sales in 2022 so far:
BYD states that its NEV sales numbers include commercial EVs in addition to passenger vehicles, but the former only contributed to 286 units for the month. That’s still over 200K passenger vehicles sold. These numbers do not even include PHEV sales, which also saw massive YOY growth at over 214%.
Although BYD is clearly a well-respected name with Chinese consumers, other foreign markets may not be as aware of the brand and its lineup of BEVs. Despite its short stint overseas, BYD’s early sales numbers are encouraging. Check them out:
| Month | NEV Units Sold | Growth Diff. |
| July 2022 | 4,026 | –– |
| August 2022 | 5,092 | +1,066 |
| September 2022 | 7,736 | +2,644 |
Late last month, BYD officially launched three EVs for the EU markets: the Han, Tang, and Atto 3. These markets now include Belgium, Denmark, Germany, Luxembourg, the Netherlands, Norway, and Sweden. EU pricing starts around 40k euros for the Atto 3. Not to be outdone, BYD has also shared plans to sell its vehicles in Japan as well. As the expansions continue, we can expect the automaker’s sales numbers to continue to trend upward through 2022, especially since it is reporting a backlog of 700,000 units.
We will keep an eye on BYD’s growth through October and the rest of Q4 2022. According to BYD chairman and president, Wang Chuanfu, the company is aiming to achieve monthly deliveries of 280,000 units by the end of the year. At its current growth rate, that’s entirely possible.
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Germany is about to become home to Europe’s largest battery storage system – a massive 1 gigawatt (GW) / 4 gigawatt-hour (GWh) project in Jänschwalde, Brandenburg.
LEAG Clean Power GmbH and Fluence Energy GmbH, a subsidiary of US-based Fluence Energy (NASDAQ: FLNC), are teaming up to build the “GigaBattery Jänschwalde 1000.” The four-hour system will use Fluence’s Smartstack technology, its latest large-scale energy storage solution.
Once complete, Europe’s largest battery storage project will play a key role in stabilizing Germany’s grid and storing renewable power for when the sun isn’t shining and the wind isn’t blowing. It’s designed to deliver essential grid services, support energy trading, and boost energy security as the country phases out fossil fuels.
LEAG’s broader “GigawattFactory” plan combines solar and wind farms with flexible power plants and large-scale batteries across Germany’s Lusatian energy region. “By constructing gigascale storage facilities, we’re addressing one of the biggest challenges of the energy transition: ensuring constant power regardless of the availability of renewable energies,” said Adi Roesch, CEO of the LEAG Group.
Fluence CEO Julian Nebreda described the project as a “milestone for the energy future of Germany and Europe,” adding that it demonstrates how collaboration and cutting-edge technology can “transform the foundation of our economy and our everyday lives.”
The German government recently reaffirmed the importance of storage in building a secure and affordable clean power system. With this 4 GWh giant, LEAG and Fluence are implementing that priority in one of Europe’s most coal-heavy regions.
Read more: Battery boom: 5.6 GW of US energy storage added in Q2
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![The Genesis GV90 is shaping up to be a real stunner [Video]](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2024/11/Genesis-GV90-ultra-luxury-SUV.jpeg?resize=1200,628&quality=82&strip=all&ssl=1)
The GV90 will be the brand’s largest, most luxurious SUV yet. With its official debut coming up, a production version of the Genesis GV90 was spotted in public for the first time, offering a closer look at the stunning SUV.
The Genesis GV90 is a stunning flagship SUV
Genesis vehicles already have a unique design that’s hard to miss. The big Creste Grille, Two-Line Quad Lamps, and smooth character lines offer a refined, luxurious look, but Genesis is planning to take it to the next level with the GV90.
The GV90 is an “ultra-luxe, state-of-the-art SUV,” according to Genesis. It will be the luxury brand’s new flagship vehicle and first full-size electric SUV.
We got our first look at the flagship SUV last March after Genesis unveiled the Neolun concept at the New York Auto Show.
The GV90 has been spotted out in public several times now, even flashing high-end features like coach doors and adaptive air suspension, but now, we are finally getting our first look at the production version in real life.
A new video from HealerTV shows the production version of the Genesis GV90 in action. Although it’s still covered in camo, you can see a few slight design changes from the concept shown last year.
The headlights and grille appear closer in design to its current vehicles, but other than that, the GV90 looks essentially the same up front as the Neolun concept.
Since it’s still covered, it’s hard to see where the headlights are connected at this point. From the side and rear, the GV90 looks identical to the concept.
Genesis has yet to announce an official launch date, but the GV90 could debut by the end of the year with sales expected to kick off in mid-2026.
The flagship SUV is rumoured to be the first vehicle to debut on Hyundai’s new eM platform, which it claims will “provide 50% improvement in driving range” compared to its current EVs. It will also serve as a tech beacon, featuring Hyundai’s most advanced connectivity and safety tech.
We will learn official prices and final specs soon, but one thing is for sure: it won’t be cheap. The Genesis GV90 is expected to start at around $100,000, but higher trims could cost significantly more with added features and options.
Genesis is also introducing its first hybrid, the GV80, next year, followed by its first extended-range electric vehicle (EREV) based on the GV70. The EREV is expected to launch in late 2026 or early 2027. There’s also an off-road SUV in the works, which will likely arrive as a 2027 model.
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