Developed in conjunction with Ext-Joom.com
Leading Chinese new energy vehicle (NEV) maker BYD sold 73,172 NEVs in the first quarter of 2019, up 146.9 percent compared with the same period last year.
The strong growth was primarily fueled by the sales surge in the pure electric passenger vehicles, soaring 755.8 percent to 45,487 units. Sales of plug-in hybrid electric passenger vehicles rose 11 percent to 25,745 units, the Shenzhen-based company said in a statement filed to the Shenzhen Stock Exchange late Monday.
In March alone, its NEV sales totaled 30,075 units, up 115.6 percent from a year earlier.
Sales of its gasoline-powered vehicles in the first quarter declined 45.9 percent to 44,406 units, with sales in March falling 42.7 percent to 16,750 units, it said.
Bucking the downward trend in the broader Chinese auto market, sales of NEVs soared last year, seeing a 61.74 percent year-on-year growth to 1.26 million units, according to the China Association of Automobile Manufacturers.
04-26 04-26China: VW to build electric car plant with JAC in H
The joint venture between Volkswagen and JAC plans to invest the equivalent of 674 million euros ($750M) in an electric car plant in Hefei, China. The
04-11 04-11China carmaker BYD posts strong green car sales in
Leading Chinese new energy vehicle (NEV) maker BYD sold 73,172 NEVs in the first quarter of 2019, up 146.9 percent compared with the same period last y
04-11 04-11Ford recalls F-150, Super Duty trucks a second time
Ford Motor Co. is recalling about 327,000 pickups equipped with engine block heaters because cable splice connectors might have inadvertently been dama
04-11 04-11Shanghai aims to rev up car sales with trade-in sub
The city of Shanghai has become the first local government to answer the call of the central government to promote automobile consumption by providing
04-04 04-04NEV subsidies continue gradual phase-out
China will whittle down subsidies on new energy vehicles as the industry develops and cost drops, aiming to boost high-quality development in the NEV s