Warren Buffett-backed BYD all-electric automobile gross sales under pre-pandemic

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Warren Buffett-backed BYD all-electric automobile gross sales under pre-pandemic

BYD's Han electrical automobile, pictured right here on the 2021 Shanghai auto present, is likely one of the hottest new power automobiles in China


BYD’s Han electrical automobile, pictured right here on the 2021 Shanghai auto present, is likely one of the hottest new power automobiles in China.

Evelyn Cheng | CNBC

BEIJING — Chinese language automaker BYD offered fewer all-electric passenger vehicles within the first six months of this yr than the identical interval in 2019, earlier than the coronavirus pandemic.

The corporate, backed by U.S. billionaire Warren Buffett, mentioned Monday it offered 20,016 all-electric passenger vehicles in June for a complete of 93,440 models within the first half of the yr — double the year-ago determine.

However that progress nonetheless fell wanting gross sales of 95,779 all-electric passenger vehicles within the first six months of 2019.

In June, BYD additionally offered 84 extra hybrid-powered passenger vehicles than all-electric ones. That contrasted with a latest pattern of BYD’s all-electric vehicles outselling hybrid ones.

Passenger automobile gross sales in China probably fell 14.9% in June from a yr in the past, the China Affiliation of Vehicle Producers mentioned Monday. Automobile gross sales general probably fell to 1.93 million models in June, a decline of 16.3% year-on-year and down 9.5% from the prior month, the affiliation mentioned.

The figures point out China’s automobile gross sales nonetheless rose over the past two years.

Primarily based on the affiliation’s estimate, information from Wind reveals China would have offered 12.Eight million automobiles within the first half of 2021. That is up 24.8% from a yr in the past and above the 12.Three million models offered in the identical interval in 2019.

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