BYD’s Performance in November 2025: NEV Sales Trends
In November 2025, BYD Company, a Chinese leader in new energy vehicles (NEVs), experienced a 5.2% drop in sales year-over-year, selling 480,186 units compared to 506,804 units in November 2024. This marks the company’s third consecutive month of declining sales, highlighting the challenges and opportunities in the competitive NEV market.
Year-to-Date NEV Sales: BYD’s Resilience
Despite monthly challenges, BYD has demonstrated resilience in 2025, with year-to-date NEV sales reaching 4.18 million units, up 11.3% year-over-year. The company achieved a year-on-year production increase of 7.29%, manufacturing 4,117,552 vehicles over 11 months. This growth underscores BYD’s ability to adapt and thrive amidst global competition.
Battery Electric Vehicles Dominate While Plug-In Hybrids Decline
November 2025 revealed contrasting trends within BYD’s passenger vehicle sector. The company sold 474,921 passenger vehicles, a 5.7% annual decrease. However, sales of battery electric vehicles (BEVs) surged to 237,540 units, representing a remarkable 19.9% rise year-over-year and making up 50% of passenger vehicle sales. Plug-in hybrid vehicle (PHEV) sales, on the other hand, dropped 22.4%, signaling a clear consumer shift towards fully electric options.
Commercial Vehicles and Global Expansion
BYD’s commercial division showed positive momentum, with sales nearly doubling year-over-year to 5,265 units. Additionally, the company exported 131,935 vehicles in November, reinforcing its aggressive push into international markets. BYD’s export efforts and adaptability position it as a global force in the EV market.
Battery Innovation and Capacity Growth
In the battery sector, BYD installed 27.669 GWh of power and energy storage batteries in November 2025, with a cumulative total of 258.282 GWh for the year. These advancements in battery technology are crucial for maintaining a competitive edge in the rapidly evolving NEV space.
Investment Outlook and Market Performance
Analysts have rated BYD’s stock a Buy with a target price of HK$130. The company’s shares have risen by 10.93% year-to-date, reinforcing investor confidence. With a market capitalization of HK$913.9 billion and an average daily trading volume of 30,384,801 shares, BYD remains a top pick for investors focusing on EV and clean technology sectors.
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