Quick Takeaways
- BYD crosses a historic 15-million NEV production mark, underscoring unmatched scale-up speed in electrified mobility.
- Rapid global expansion, strong overseas demand, and sustained R&D investment are reinforcing BYD’s long-term EV leadership.
On December 18, BYD marked a major BYD New Energy Vehicle milestone with the roll-off of its 15 millionth NEV at the Jinan manufacturing base. The vehicle, a Denza N8L large six-seater plug-in hybrid electric SUV, also represented the 15,000th Denza N8L produced, underlining the brand’s accelerating production scale.
BYD New Energy Vehicle Milestone Highlights Rapid Scale-Up
Achieving 15 million NEVs took BYD 17 years, yet the jump from 10 million to 15 million units was completed in just 13 months. This pace reflects growing global demand for electrified mobility and BYD’s vertically integrated manufacturing and supply chain capabilities.
Global Sales Growth Strengthens the BYD New Energy Vehicle Milestone
From January to November 2025, BYD sold 4.182 million vehicles, delivering 11.3 percent year-over-year growth. Overseas markets contributed 917,000 units during this period, already surpassing the company’s full-year international sales from 2024.
Key performance drivers include:
R&D Investment Backs Long-Term Competitiveness
In the first three quarters of 2025, BYD invested CNY 43.75 billion in research and development, representing a 31 percent year-over-year increase. Cumulative R&D spending has now exceeded CNY 220 billion, reinforcing technology leadership across batteries, power electronics, and vehicle platforms.
As global electrification accelerates, this BYD New Energy Vehicle milestone highlights how sustained innovation, scale, and international reach are reshaping the competitive landscape of the automotive industry.
BYD New Energy Vehicle Milestone Highlights Rapid Scale-Up
Achieving 15 million NEVs took BYD 17 years, yet the jump from 10 million to 15 million units was completed in just 13 months. This pace reflects growing global demand for electrified mobility and BYD’s vertically integrated manufacturing and supply chain capabilities.
Global Sales Growth Strengthens the BYD New Energy Vehicle Milestone
From January to November 2025, BYD sold 4.182 million vehicles, delivering 11.3 percent year-over-year growth. Overseas markets contributed 917,000 units during this period, already surpassing the company’s full-year international sales from 2024.
Key performance drivers include:
- Expansion across more than 110 countries and regions
- Rising demand for plug-in hybrid and battery electric models
- Strong positioning in both domestic and export markets
R&D Investment Backs Long-Term Competitiveness
In the first three quarters of 2025, BYD invested CNY 43.75 billion in research and development, representing a 31 percent year-over-year increase. Cumulative R&D spending has now exceeded CNY 220 billion, reinforcing technology leadership across batteries, power electronics, and vehicle platforms.
As global electrification accelerates, this BYD New Energy Vehicle milestone highlights how sustained innovation, scale, and international reach are reshaping the competitive landscape of the automotive industry.
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