Warren Buffett-backed BYD sells more electric cars March vs Nio Xpeng


Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show.

Evelyn Cheng | CNBC

BEIJING — Chinese automaker BYD sold more than twice as many battery-powered electric cars as start-up Nio delivered in March.

BYD, which is backed by U.S. billionaire Warren Buffett, disclosed Tuesday that sales of its battery-powered passenger cars totaled 16,301 units last month.

That’s more than double Nio’s deliveries in March of 7,257 cars. Rival start-up Xpeng delivered even fewer vehicles, at 5,102 units last month. Both companies still beat analysts’ expectations with those figures.

In the new energy vehicle category, which includes hybrid as well…


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