BYD recorded record sales of new energy vehicles (NEVs) in July when some of their competitors experienced a decline.
BYD in the month sold 162,530 new energy vehicles (NEVs), up 221.89 percent from 50,492 units compared to July last year. The number was up 21.26 percent from 134,036 units in June.
For overseas markets, BYD sold 4,026 new energy passenger vehicles in July. In total this year, from January to July BYD has sold 803,880 units of NEVs, up 292% from the same period last year at 205,071 units.
Details of NEV BYD’s vehicles in July consisted of 162,214 commercial vehicles and 316 commercial vehicles.
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BYD stopped selling vehicles with internal combustion engines in March to focus on pure electric vehicles and plug-in hybrids.
Despite the large sales volume, BYD faces problems related to the lack of production capacity.
In early July, there were more than 700,000 undelivered orders, Jiemian reported last month, citing the company’s sales staff.
If the production capacity increase goes well, BYD’s monthly output will reach around 300,000 units in August.
