Xin Lang Cai Jing·2025-12-02 12:36Core Insights - BYD's November sales reached 480,000 units, showing a month-on-month increase of 8.7% but a year-on-year decrease of 5.3% [1] - Cumulative sales from January to November totaled 4.182 million units, representing an 11% year-on-year increase, with overseas sales accounting for 22% [1] Group 1: Sales Performance - In November, domestic sales were 348,000 units, down 27% year-on-year and 3% month-on-month, while cumulative domestic sales reached 3.269 million units, up 1.1% year-on-year [1] - Overseas sales in November were 132,000 units, a significant increase of 326% year-on-year and 57% month-on-month, with cumulative overseas sales at 913,000 units, up 182% year-on-year [1] - The company expects total sales for the year to be between 4.7 million and 4.9 million units, reflecting a year-on-year growth of 10-15%, with exports projected at 1.05 million units, a 152% increase [1] Group 2: Electric Vehicle Segment - In November, plug-in hybrid vehicle sales were 237,000 units, down 22.4% year-on-year but up 10.8% month-on-month, maintaining a 50% market share [2] - Pure electric vehicle sales reached 238,000 units in November, up 19.9% year-on-year and 6.7% month-on-month, also holding a 50% market share [2] - High-end vehicle sales in November were 51,000 units, a remarkable increase of 172.8% year-on-year and 22.8% month-on-month, with cumulative high-end sales at 327,000 units, up 100% year-on-year [2] Group 3: Battery Production - BYD's battery installations in November totaled 27.7 GWh, reflecting a 23% month-on-month increase and a cumulative total of 258 GWh for the year, up 51% year-on-year [3] - The company anticipates total battery installations for the year to be between 290 GWh and 300 GWh, representing a 50% year-on-year increase [3] - External battery supply installations in October were 3.6 GWh, a 140% month-on-month increase, with cumulative external installations for the year at 27.2 GWh, up 213% year-on-year [3]