Etiqueta: Car sales

BYD sales continue to grow. Though, there are some big differences depending on powertrain. In the month of May, BYD’s passenger car sales (all plugin vehicles) were up 14.1% year over year. Looking across the first 5 months of the year, its passenger vehicle sales were up 37%. Not meteoric, ... [continued]

BYD sold more cars in May than any other month this year, racking up 382,476 vehicle sales after cutting prices by as much as 34% in the final days of the month, according to a company statement Sunday. Out of the total, 376,930 were passenger vehicles. 204,369 were fully electric, while 172,561 were plug-in hybrids […]

BYD sold 89,047 NEVs overseas in May, marking the sixth consecutive month of record-breaking sales.

In April, Tesla sold 7,261 vehicles in the European Union, European Free Trade Association, and U.K., a 49% year-over-year decline.

China's commerce ministry will meet with industry bodies and automakers to discuss the sale of used cars that have never been driven, Reuters reported.

SHANGHAI (Reuters) -China's commerce ministry will meet industry bodies and automakers including BYD and Dongfeng Motor to discuss increasing sales of "used cars" that were never driven, a person with direct knowledge of the matter said. The meeting is set for Tuesday afternoon, the person said, speaking on condition of anonymity as details of the meeting were confidential. It comes after Great

Carmaker BYD last week offered discounts for many of its models, triggering industry concerns about another price war.

Analysts believe BYD's price discounts could lead to further price competition in China and spark more rivals to follow suit.