China’s electric car maker BYD Co. Ltd. is stepping up the pace of vehicle exports and overseas production, strengthening its foothold as a global industry leader.
BYD’s export of new energy vehicles (NEVs) — including pure electric, plug-in hybrid and fuel cell vehicles — reached 99,000 vehicles in the first quarter, marking a 130% increase over the same period last year, according to data from the China Association of Automobile Manufacturers (CAAM). Tesla Inc.’s China plant exported 88,000 vehicles during the quarter.
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