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Fortune
Fortune
Lionel Lim

BYD could near Honda and Ford in cars sold this year as EV giant looks set to surpass its 4 million sales target

(Credit: Ina Fassbender—AFP/Getty Images)

BYD, China’s EV giant, is on course to zoom past its 2024 sales target of 4 million vehicles after selling more than half a million cars last month. 

The Chinese carmaker sold 506,804 vehicles in November, according to data filed with Hong Kong’s stock exchange on Monday. That puts its total sales year to date at 3,757,336 units. Year-to-date sales are up 40% year on year. Plug-in hybrids are primarily driving the surge; BYD sold just under 2.2 million hybrids in the first 11 months of the year, a nearly 70% year-on-year jump.

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