Latest Post

RBC top analyst sees comeback Anti-abortion states are divided on how to enforce the ban, prosecute or surveil doctors


One of BYD’s bestselling electric car models, Han, is displayed during an auto show in Shenzhen on June 5, 2022.

Anadolu Agency | Anadolu Agency | Getty Images

Beijing — Chinese electric car maker BYD May saw sales more than double, marking the company’s climb into the top three automakers category in China.

This is according to data from the China Passenger Car Association that was released on Friday. China is The world’s largest auto market.

Backed by Warren Buffett Berkshire HathawayBYD is also a battery maker that has become a major electric car brand in China – and some of its models are competing with it. Tesla in popularity.

So far this year, BYD has not only continued to dominate new energy vehicles, including hybrid and battery-powered cars, but the company has also entered China’s top three brands in terms of passenger car sales .

In-spite of this covid lockdown affecting supply chains And Chinese consumer sentimentBYD sold 113,768 new energy passenger cars last month, the data showed.

Among SUVs or small passenger cars, BYD accounted for two of the top three best-selling new energy models in China last month, according to association data. Tesla, NIO And Xpeng did not cut.

According to the data, those sales put BYD in second place in China’s passenger car market—right behind FAW-Volkswagen, with 150,009 cars sold. FAW-Volkswagen is a joint venture of the German automaker in China that sells Audi and Volkswagen branded vehicles.

BYD sales registered a year-over-year increase of 159.5%, while FAW-Volkswagen sales fell 10.6% from May last year. Geely was the third largest in terms of passenger car sales, at 73,315, down 14.5%.

Last year, BYD was ranked 13th in terms of passenger car sales. FAW-Volkswagen, SAIC Volkswagen and SAIC GM took the top three positions.

Read more about electric vehicles from CNBC Pro

In the US passenger car market, Tesla did not make the top three spots. Toyota ranks first in terms of sales, followed by Wade And General Motors‘ Chevrolet brand, according to China Auto Insights.

According to the Passenger Car Association, China’s passenger car sales fell 11.8% in May from a year earlier, while new energy vehicle sales saw a 91.2% increase.

For the first five months of the year, FAW-Volkswagen ranked first in terms of sales, followed by BYD and then Chang’an Automobiles, as the data showed.

Among new energy vehicles, BYD ranks first, followed by General Motors’ joint venture with Wuling Motors and state-owned SAIC Motor. Tesla China is in third place.



Source link

Leave a Reply

Your email address will not be published.