The five millionth new energy vehicle (NEV) produced by China’s leading NEV manufacturer BYD rolled off the production line on August 9, 2023, making it the first automaker in the world to hit this record.
BYD is the world’s first carmaker to reach this milestone. It took the company 13 years to make its first 1 million NEVs, but only 18 months to hit the record of 3 million. The number then rocketed to 5 million in just nine months.
Behind BYD’s success is the consistent growth of China’s auto market. The annual sales of NEVs in China reached 6.887 million, and the market share increased to 25.6 percent, which was 12.1 percentage points higher year-on-year, and the global sales accounted for more than 60 percent, Xinhua News Agency reported.
