BYD is set to announce a 4-million-unit target, with a higher 4.2 million sales forecast given to suppliers, including 2 million BEVs, and 2.2 million PHEVs, according to local media.

BYD’s (OTCMKTS: BYDDF) initial plan for its 2024 sales target is 4 million units, after selling 3.02 million new energy vehicles (NEVs) in 2023, local media outlet 36kr reported today.

BYD is set to announce a target of 4 million units, and it can reach a total capacity of 4.2 million at its production sites, with a 4.2 million sales forecast given to suppliers, the report said, citing a source.

Of those 4.2 million sales forecasts, 2 million will be battery electric vehicles (BEVs) and another 2.2 million will be plug-in hybrid electric vehicles (PHEVs), with lower-priced models dominating sales, the report said, citing another source close to BYD.

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