BYD achieved a first in October vehicle sales as global demand gained momentum. The company has proven once again that it continues to grow. Accordingly, BYD delivered more than half a million vehicles for the first time in October.
BYD sales exceeded half a million in one month
BYD achieved a first in sales figures as the global demand for its vehicles increased in October. The company sold a total of 500 thousand 526 vehicles last month, an increase of 66 percent compared to the same period last year.
BYD sold more than 3.2 million electric vehicles in the first ten months of this year, a 36 percent jump compared to the same period last year. Overall sales figures appear to be in line with BYD’s target of delivering 3.6 million vehicles. According to the report, plug-in hybrid electric vehicles (PHEV) are growing faster than fully electric vehicles.
In October, BYD sold 189,614 electric models, accounting for 37 percent of its total sales. On the other hand, plug-in hybrid vehicles represented 62 percent of sales with 310 thousand 912 units. This trend is clearly seen on a quarterly basis. PHEV sales have outpaced electric sales since the first quarter of the year.
Although the majority of the company’s sales come from the Chinese market, it is possible to say that it has achieved significant growth abroad. BYD’s new vehicle sales in the global market reached 31 thousand 192 units.
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