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Chinese electric carmaker BYD sees August sales surge more than 300%

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BYD’s Han electric car, pictured here at the 2021 Shanghai auto show, is one of the most popular new energy vehicles in China.

Evelyn Cheng | CNBC

GUANGZHOU, China — BYD sold 61,409 new energy vehicles in August, more than four times the amount sold a year ago, as demand for electric cars continues to rise in the world’s largest auto market.

That figure was nearly evenly split between sales of battery electric vehicles and so-called plug-in hybrids.

It was also a rise from the 50,492 cars sold in July. BYD shares rose 5.5% in morning trade in Hong Kong.

BYD, which is backed by Warren Buffett’s Berkshire Hathaway, is one of the biggest electric vehicle makers in China. But a number of…



Source cnbc.com

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