BYD sales hit a record in August despite broader China EV slowdown
BEIJING — Chinese electric car giant BYD sold a record number of passenger vehicles in August, with sales of hybrids growing faster than those of battery-only cars.
The company said August sales rose by 30% year-on-year to 370,854 passenger cars.
Its sales of battery-only cars rose by nearly 12%, while hybrid-powered vehicle sales surged by 48% to account for just under two-thirds of BYD cars sold last month.
In contrast, several new energy vehicle startups saw a dip in deliveries last month.
Li Auto, best known for its range-extender vehicles, reported 48,122 deliveries in August, down from a record 51,000 in July.