BYD posts record sales
BYD gained ground on Tesla in fully electric vehicle sales, almost doubling deliveries from a year ago to 352,163 units in the second quarter.
The Shenzhen-based company’s total sales soared 98% from a year ago. BYD’s previous best quarter was the last three months of 2022. The company sold a record 251,685 new energy vehicles in June.
Smaller Chinese upstart Li Auto Inc. posted a new monthly high of 32,575 deliveries, while Xpeng Inc. and Nio Inc. saw modest increases. Guangzhou Automotive Group Co.’s EV brand Aion stood out with another strong month of sales, with 45,013 deliveries.