BYD’s sales in the first 11 months were more than three times that of Great Wall Motor, which widened the gap year on year.

Operator Finance Network Wang Xinyao/Wen

Successfully surpassed in sales in September.After becoming "the largest automobile enterprise in China",Pursuing victory, it is surprising that the year-on-year growth in October and November exceeded 50%! Next, the operator financial network will reveal the specific situation for you.

According to official data, BYD sold 502,657 vehicles in October this year, compared with 301,833 vehicles in the same period last year, a year-on-year increase of 66.53%.

In November, the company sold 506,804 vehicles, compared with 301,903 vehicles in the same period last year, a year-on-year increase of 67.87%. For car companies with a large base, it is not easy to maintain such a high year-on-year growth rate for two consecutive months.

It is understood that BYD has not clearly announced the specific sales target for 2024. However, Chairman Wang Chuanfu once said that it is necessary to maintain a growth rate of more than 20% on the basis of 2023. The company actually sold 3.02 million cars in 2023, which means that the sales target in 2024 is above 3.624 million.

It is worth mentioning that BYD has achieved its sales target, although it is still half a month before the end of the year! From January to November this year, the company’s cumulative sales volume was 3,757,336 vehicles, a year-on-year increase of 40.02%. In contrast, from January to November,The cumulative sales volume was 1,098,000 vehicles, a year-on-year decrease of 1.81%. Judging from the decline in sales, the decline is not large. In other words, in the first 11 months of this year, BYD sold more than three times as much as Great Wall Motor.

Excellent sales performance is also reflected in financial data. In the first three quarters of this year, BYD’s revenue, profit, non-net profit deduction and other key indicators were all in a year-on-year growth state.

Specifically, BYD achieved operating income of about 502.251 billion yuan in the first three quarters, up 18.94% year-on-year; The net profit was about 25.238 billion yuan, a year-on-year increase of 18.12%; Non-net profit was about 23.192 billion yuan, up 19.86% year-on-year.

In the first three quarters of 2024, Great Wall Motor achieved an operating income of 142.254 billion yuan and a net profit attributable to the parent company of 10.428 billion yuan. In other words, in the first three quarters of this year, BYD’s operating income was more than three times that of Great Wall Motor.

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