BYD (Bǐyàdí 比亚迪): Jan–Oct New Energy Vehicle Sales Up 13.88% Year‑on‑Year

Key figures — BYD (Bǐyàdí 比亚迪) Jan–Oct 2025

• October 2025 new energy vehicle (NEV) sales: 441,706 units.
• Jan–Oct 2025 cumulative NEV sales: 3,701,852 units — up 13.88% year‑on‑year.
• October 2025 installed capacity of vehicle power batteries and energy‑storage batteries: ~27.362 GWh.
• Jan–Oct 2025 cumulative installed battery capacity: ~230.613 GWh.
• October 2025 NEV exports: 83,904 units (≈19.0% of October sales).

Quick summary

BYD (Bǐyàdí 比亚迪) delivered steady growth through the first ten months of 2025, with cumulative NEV volumes up 13.88% year‑on‑year.

October exports — 83,904 vehicles, about 19% of that month’s deliveries — show the company is scaling overseas shipments alongside domestic sales.

Battery shipments remain large: October’s installed capacity hit ~27.362 GWh, bringing the Jan–Oct total to ~230.613 GWh.

What this means for investors, founders, and supply‑chain pros

• Growth that matters: 13.88% YTD growth signals expansion in output and demand despite policy shifts and market headwinds.
• Export acceleration: October’s ~19% export share highlights a growing international footprint to monitor for revenue mix and FX exposure.
• Battery demand implications: ~230.613 GWh YTD installed capacity points to sustained demand for cells, modules, and raw materials across both BEVs and energy‑storage projects.

Estimated battery energy per vehicle — simple, illustrative math

These are rough, indicative averages from the reported cumulative figures, because the battery totals include both vehicle and stationary energy‑storage deployments.

• Jan–Oct 2025 average installed battery capacity per vehicle ≈ 62 kWh (230.613 GWh ÷ 3,701,852 vehicles ≈ 62.3 kWh).
• October 2025 average installed battery capacity per vehicle ≈ 62 kWh (27.362 GWh ÷ 441,706 vehicles ≈ 61.9 kWh).

Use these figures as a high‑level sense of battery sizing trends — they’re illustrative, not precise.

Deeper takeaways — actionable angles

• Product mix and battery sizing: A ~62 kWh implied average suggests BYD’s mix includes significant BEV share with mid‑to‑large battery packs, and/or meaningful stationary storage deployments.
• Supply chain pressure points: 230.613 GWh YTD installed capacity increases demand for cathode, anode, separator, and cell assembly capacity — keep an eye on suppliers and raw‑material sourcing.
• Export monitoring: Watch month‑to‑month export trends to see if international sales become a larger share of growth, which would affect margins, logistics, and regulatory exposure.
• Energy‑storage ramp: The cumulative GWh figure calls attention to energy‑storage as a complementary business line that can smooth OEM cyclicality and expand gross‑margin profiles over time.

Questions smart investors and founders should ask next

• Is export share in October a one‑off or the start of a sustained trend toward higher overseas penetration?
• How much of the ~230.613 GWh YTD installed capacity is stationary energy‑storage versus vehicle batteries?
• Are there supplier capacity constraints or raw‑material bottlenecks that could slow battery production or raise costs?
• What pricing dynamics and regulatory changes in export markets could affect future margins and volume growth?

Context — why these metrics matter in 2025

NEV sales growth is the core demand signal for vehicle OEMs and battery suppliers alike.

Installed battery capacity gives a clearer view of physical energy shipped, which matters for:

• Material consumption forecasts for lithium, nickel, cobalt, and graphite.
• Capital planning for gigafactories and cell suppliers.
• Revenue mix assessment between BEVs and energy‑storage systems.

How to track this story going forward

• Monitor monthly sales and export breakdowns to gauge international scaling.
• Watch quarterly disclosures for a clearer split of vehicle vs. stationary battery deployments.
• Follow supplier announcements and commodity price trends to anticipate margin pressure.

Bottom line

BYD (Bǐyàdí 比亚迪)’s Jan–Oct 2025 figures show continued top‑line growth, expanding exports, and large battery shipments that matter for both EV and energy‑storage markets.

For investors: these numbers point to a company that’s scaling production and exports while driving meaningful battery demand across the value chain.

References

• 比亚迪：前10月新能源汽车销量同比增长13.88% – 财联社
• BYD: Jan–Oct NEV Sales Up 13.88% – Eastmoney
• BYD Official Website – BYD

BYD (Bǐyàdí 比亚迪)