BYD, Chinese electric car giant has sold a record number of passenger vehicles in August, with sales of hybrids growing faster than those of battery-only cars.
As per the company sources, the August sales rose by 30% year-on-year to 370,854 passenger cars.
Its sales of battery-only cars rose by nearly 12%, while hybrid-powered vehicle sales surged by 48% to account for just under two-thirds of BYD cars sold last month.
Contrary to this, several new energy vehicle startups saw a dip in deliveries last month.
Chinese electric vehicle manufacturer Li Auto best known for its range-extender vehicles, delivered 48,122 in August down from a of record 51,000 in July.
Sales of another Chinese electric vehicle manufacturer AITO, said it delivered 31,216 cars last month, down by more than 10,000 vehicles from the prior month.
More affordable cars hitting the market
Nio lower priced brand Onvo prepares to deliver its first car L60 SUV soon as per the company sources.
Another car major Xpeng sources said on Friday that it plans delivery of its newly launched, mass market Mona M03 electric car that sells for the equivalent of less than $20,000 in China soon.
Geely, backed Zeekr said on Friday it will launch said it would launch its first SUV this month with a price more than $1,400 lower than Tesla’s Model Y.
