BYD Electric Bus Sales Grow 40.5%, Non-Bus Commercial Vehicle Sales Grow 1,459%!

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Following up on our report on BYD passenger vehicle sales in February and January–February, let’s take a look on the firm’s industrial car gross sales. To start with are the industrial autos that get essentially the most consideration — buses.

BYD’s electrical bus gross sales, the quantity was fairly low in February, but it surely was nonetheless 125.4% greater than in February 2024 — going from 201 gross sales to 453 gross sales. Throughout the primary two months of the yr, BYD’s electrical bus gross sales grew 40.5%, from 526 gross sales to 739 gross sales. So, maybe not as dramatic within the passenger car gross sales classes, however nonetheless sturdy progress. In fact, bus gross sales are extra up & down relying on orders, because the chart above shows. And I ought to qualify my assertion above that “volume was pretty low.” 453 electrical bus gross sales in a single month just isn’t unhealthy!

Non-bus BYD electrical industrial car gross sales grew a whopping 1049.2% in February 2025 in comparison with February 2024. They grew from 362 gross sales in February 2024 to 4,160 gross sales in February 2025. That’s wonderful. Give it some thought — greater than 4,000 industrial car gross sales in one month. (Think about if Tesla was promoting that many Semi vans every month — individuals can be going nuts about it.)

As you may see within the chart above, the previous couple of months of gross sales have been at a tremendously greater stage than gross sales in any earlier month. One would anticipate this sector would have yo-yo gross sales outcomes from month to month just like the bus sector has, however after three months of such outcomes, one has to marvel if that is merely changing into the brand new regular for BYD. May that be attainable? Or ought to we anticipate to see a dropoff to decrease ranges once more earlier than some eventual month-to-month spikes that deliver us again to the extent of latest months?

January–February 2025 gross sales, they had been up 1,458.9% in comparison with January–February 2024! They elevated from 511 final yr to 7,966 this yr. Spectacular.

I’m very curious to see now how the remainder of the yr goes for BYD in these sectors. What do you anticipate?

Full disclosure: I personal shares of BYD. I’ve no intention to promote them anytime quickly.