BYD sold 61,409 new energy vehicles in August, more than four times the amount sold a year ago.
BYD's figures focus on sales volumes while Nio, Li Auto and XPeng released delivery numbers, so the comparison is not like-for-like, but it does indicate the scale of the respective companies.
The auto industry globally has been battling with two major issues — the continuing pandemic and a shortage of semiconductors that go into cars. BYD did not provide any commentary around the August numbers. But in its half year results released last month, the company said "profitability is affected to some extent by factors including rising prices of raw materials such as bulk commodities."
Despite the issues affecting the auto industry, demand for electric vehicles continues to climb in China, as the government pushes development of the sector. China is expected to sell 1.7 million new energy vehicles in the first eight months of this year, a rise from 600,000 cars in the same period of 2020, according to a
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi non-oil sector expansion loses momentum in August - PMISaudi Arabia's non-oil private sector continued to grow in August but lost momentum due to a sharp drop in output expansion, a business survey showed, signalling a challenging recovery from the COVID-19 pandemic.
Read more »
To fight the recall, Newsom and allies spent $36 million in August aloneHow much are Democrats spending to keep Gov. Newsom? More than $36 million in August alone
Read more »
TooFab's Week in Celebrity Photos: August 29 - September 4Tori Spelling is nearly unrecognizable as fans said she looked just like Khloe Kardashian -- see snap now!
Read more »
What Readers Bought in August: Masks and Wine SubscriptionsPlus, more masks (for kids and adults) and cooling gel pillows.
Read more »
Missed By A Mile: U.S. Adds 235,000 Jobs In August, Well Below Consensus. What's Next From The Fed?A lot of people are probably going to see today’s disappointing jobs report as evidence that the Fed may not want to pull back economic stimulus so fast. However, it’s just one report, and one report is never a trend. Jobs growth is still averaging a very high level over the last three months.
Read more »