BYD new-energy vehicle sales slump
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E-mail Xinhua, August 7, 2020
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China's leading new-energy vehicle (NEV) manufacturer BYD reported on Thursday that its NEV sales have tumbled in the first seven months of this year.
The company sold a total of 75,777 NEVs in the Jan.-July period, down by 53.29 percent from the same period last year, BYD said in a filing with the Shenzhen Stock Exchange.
In July alone, it sold 15,100 NEVs, down from 16,567 units in the same month a year ago.
Despite the sales slump in the NEV sector, BYD reported a sales rebound for gasoline-powered vehicles. During the first seven months, the carmaker sold 114,233 gasoline-powered vehicles, up by 17.96 percent year on year.
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