Driven by recent strong sales growth and share price performance, BYD has surpassed the Volkswagen Group and jumped to the third place in the global automaker ranking, with a total market value of 128.8 billion US dollars. At the same time, BYD is also the only Chinese car company in the top10 list.
According to EV Sales data, in April 2022, BYD set a new monthly sales record with sales of nearly 106,000 units, becoming the world's new energy vehicle sales champion. Tesla came in second, selling less than half of BYD's with just 40,000 units.
In April 2022, Tesla's sales in the global market fell 77.8% compared as March. Affected by the epidemic, the Shanghai Tesla Gigafactory is basically in shutdown, which has caused Tesla's sales to drop significantly. Compared with Tesla, BYD's supply chain is less affected by the epidemic. The sales of BYD's various models ushered in a substantial increase in April, and BYD's models accounted for half of the world's top10 EV models.
In May, BYD achieved production and sales of 118,135 and 114,943 new energy vehicles respectively, a year-on-year increase of 270% and 250% respectively. The monthly sales of new energy vehicles exceeded 110,000 units for the first time, and have maintained a monthly sales volume of "100,000+" for three consecutive months. At the same time, BYD's new energy vehicles have sold more than 2 million units.
In addition, it is worth noting that the installed capacity of BYD's power batteries continues to rise. In 2022, the global installed capacity of power batteries in Q1 is about 94.16GWh, a year-on-year increase of 108%, of which BYD ranks fourth with an installed capacity of 9.99GWh.
BYD's patented "Blade Battery"
The strong sales performance drives BYD's market cap close to its historic high as 953 billion RMB, ranks as top3 car maker in the world.