BYD builds its 14 millionth NEV at Brazil plant, presents it to President Lula

BYD rolls out 14 millionth NEV in Brazil

On October 9, 2025, BYD reached a significant global milestone by producing its 14 millionth New Energy Vehicle (NEV). This happened at their new passenger vehicle factory in Camaçari, Bahia, Brazil. BYD is the world’s first NEV maker to reach 14 million units of total production.

The 14 millionth vehicle produced was a Song Pro plug-in hybrid SUV. BYD Chairman Wang Chuanfu gifted this car to Brazilian President Luiz Inácio Lula da Silva at the ceremony. President Lula officially became the registered owner of this specific vehicle.

Brazil president receives 14 millionth NEV

Brazilian President Luiz Inácio Lula da Silva attended the milestone ceremony at the BYD facility on October 9, 2025. President Lula praised BYD’s investment, saying the plant restores dignity to the local community. He stated that Brazil wants respect in its international relations.

BYD Chairman Wang Chuanfu thanked the government for its support, noting BYD’s 11 years of activity in Brazil. He announced a donation of 30 customized NEVs for the COP30 U.N. climate conference. These vehicles will later be donated to local Brazilian institutions.

Bahia’s Camaçari complex is BYD’s largest outside Asia

The BYD industrial complex in Camaçari, Bahia, Brazil, is the company’s largest outside of Asia. The former Ford plant represents a total investment of $1 billion USD (5.5 billion reais). This massive site is the biggest electric vehicle factory in Latin America.

The Camaçari complex covers 4.6 million square meters of land, equal to 645 football fields. The facility is expected to create up to 20,000 direct and indirect jobs in the local area. Passenger car operations at the site officially began on July 1, 2025.

Brazil factory’s first phase capacity is 150,000 NEVs

BYD’s passenger car plant in Camaçari, Brazil, began production on July 1, 2025. The first phase aims to achieve an annual production capacity of 150,000 New Energy Vehicles (NEVs). Plans will later scale up this capacity to 300,000 NEVs in the project’s second phase.

The first model made at Camaçari was the BYD Seagull, sold as the Dolphin Mini in Brazil. BYD plans to eventually increase the local factory capacity to 600,000 vehicles annually. The company’s very first vehicle rolled out of the plant on July 1, 2025.

BYD sold over 77,000 vehicles in Brazil in 2025

BYD has been Brazil’s top-selling NEV brand for two consecutive years. From January to September 2025, cumulative sales of BYD vehicles in Brazil exceeded 77,000 units. The company’s car sales surpassed 10,000 units in September 2025 alone.

BYD accounted for around 74% of Brazil’s BEV registrations. The company currently has over 170,000 vehicle owners in Brazil. BYD has surged into Brazil’s top 10 brands; independent YTD data place it 8th through September 2025, while company statements say it ranked as high as 4th in certain months.

BYD’s total production grew by 41.3% in 2024

BYD’s worldwide car production in 2024 totaled more than 4 million units, a record year. This massive output demonstrated a 41.3% increase compared to the company’s production in 2023. In 2024, BYD was the world’s largest producer of electric passenger cars.

Of the 4 million vehicles produced in 2024, 1.7 million were battery-only passenger cars (BEVs). The other 2.5 million units produced were hybrid vehicles. The company’s total sales reached 4,272,145 vehicles during that year.

Over 11 million NEVs produced between 2022 and 2025

The 14 millionth NEV was made in October 2025, only 11 months after the 10 millionth NEV. The 10 millionth NEV was produced in China on November 18, 2024. This rapid expansion highlights the company’s quick jump into the global market.

Annual production increased sharply from 1,881,669 vehicles in 2022 to 3,045,231 cars in 2023. Total production reached 4,304,073 cars in 2024. The company produced a total of 9,230,973 vehicles between 2022 and 2024.

BYD sold 4.27 million NEVs in 2024

BYD’s total vehicle sales in 2024 reached 4,272,145 units. The sales figure included nearly one-third of fully electric vehicles (BEVs). A total of 3,577,841 units of the popular Dynasty and Ocean series models were sold in 2024.

The company’s revenue in 2024 was CN¥777.1 billion, equivalent to approximately US$108.25 billion. BYD had sold more than 10 million plug-in electric vehicles by the end of 2024. About 95% of its total sales that year came from the Chinese market.

BYD’s quarterly sales reached 1.5 million in late 2024

BYD had its best quarter ever in Q4 2024, selling over 1,524,270 vehicles. This sales figure grew by 61.4% compared to Q4 2023. Sales steadily increased throughout 2024, with Q3 at 1,134,892 and Q2 at 986,720 units.

The company’s sales in the first quarter (Q1) of 2024 were 626,263 vehicles. In 2023, Q4 sales were 944,779 units, Q3 sales were 824,001 units, and Q2 sales were 703,561 units. This data shows strong year-over-year growth from 2023 into 2024.

BYD achieved 3 million NEV sales in 2023

BYD sold over 3 million New Energy Vehicles (NEVs) in 2023, with total annual sales of 3,024,417 NEVs. This total showed a year-over-year growth of 61.8% compared to 2022 sales figures. This quick growth made BYD the best-selling car brand in China in 2023.

Monthly sales peaked in December 2024 at over 514,809 units sold. In December 2023, the company sold 341,043 NEVs. This was a year-over-year growth of 45% from December 2022. BYD has only focused on NEV production since March 2022.

BYD produced 1.88 million NEVs in 2022

BYD’s annual production in 2022 totaled 1,881,669 vehicles. This represented a significant increase from the 747,540 cars produced in 2021. The company ceased production of internal combustion engine (ICE) vehicles in March 2022.

It took BYD 13 years to produce its first million vehicles. After reaching that milestone, it took only 18 months to make the next two million plug-in EVs. In August 2023, BYD celebrated the production of its five millionth New Energy Vehicle.

China’s NEV production was 12.4 million in 2024

China is the world’s electric car manufacturing hub, accounting for over 70% of global production in 2024. China’s total electric car production reached 12.4 million units that year. This represents a 25% increase from the total production in 2023.

In 2024, Chinese carmakers, also known as original equipment manufacturers (OEMs), accounted for over 80% of domestic production in China.

This is an increase from two-thirds of the domestic output in 2021. BYD now utilizes dedicated roll-on/roll-off carriers, such as the BYD Explorer No. 1, with capacities ranging from 7,000 to 9,200 vehicles to support exports.

BYD’s first Brazil plant opened in 2015

BYD has a long history in Brazil, opening its first plant in 2015 in Campinas, São Paulo state. This first facility was used to manufacture electric bus chassis. The company’s electric buses now provide service across many major Brazilian cities.

BYD opened a second plant in April 2017 to produce photovoltaic modules. A third plant was opened in 2020 in Manaus, Amazonas, for the production of lithium iron phosphate batteries. This third plant started with an investment of R$15 million, about $2.7 million USD

BYD’s annual production in 2021 was 747,540

BYD’s total annual car production in 2021 was 747,540 units. This number was a significant increase compared to the 431,954 vehicles produced in 2020. BYD’s sales figure for 2021 was 721,328 NEVs, also a significant jump from the previous year.

The company currently has over 180 dealerships in Brazil. BYD plans to increase this total to 240 stores by the end of 2025. This expansion will make sure the company is present in every state, capital, and major city in Brazil.

BYD produced 455,073 vehicles in 2019

BYD’s total annual car production in 2019 was 455,073 units. This production was slightly higher than the 431,954 vehicles produced in 2020. BYD’s sales for 2019 were 409,421 vehicles, while 2020 sales were 394,608 vehicles.

Wang Chuanfu founded the company in February 1995 as a battery manufacturer. The automotive part of the company, BYD Auto, was established in 2003. Its business began to grow in 1996 after BYD won a significant battery order from the electronics company Sanyo.

Thinking about how BYD plans to take over European roads? Check out BYD doubles lineup across Europe to accelerate growth.

Lula’s statement on China, Brazil, and the global south

President Lula stated that Brazil would “continue to strengthen ties with China,” its largest trading partner for 15 years. He added that both nations see each other as important countries of the Global South. This statement was made at the Camaçari ceremony on October 9, 2025.

President Lula praised the BYD factory for improving Brazil’s automotive sector with clean technologies. The road to the Camaçari plant was renamed “BYD Road.” This makes it the third overseas road to be named after the company, following locations in the U.S. and Thailand.

Wondering what’s behind BYD’s latest market dip? Read more in BYD shares drop after sharp quarterly profit decline.

Significant milestone for BYD in Brazil—share your take in the comments.

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This slideshow was made with AI assistance and human editing.