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, First half of the year: Buffett holding BYD sells fewer fully electric cars than before Corona – total sales increase | news, Forex-News, Forex-News
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First half of the year: Buffett holding BYD sells fewer fully electric cars than before Corona – total sales increase | news

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, First half of the year: Buffett holding BYD sells fewer fully electric cars than before Corona – total sales increase | news, Forex-News, Forex-News

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, First half of the year: Buffett holding BYD sells fewer fully electric cars than before Corona – total sales increase | news, Forex-News, Forex-News

Vehicle sales in China continue to rise despite the corona pandemic
BYD increases total sales in the first half of 2021
Fewer fully electric cars than sold in H1 2019

The Chinese Association of Automobile Manufacturers assumes that car sales in China in June are likely to have decreased by 14.9 percent compared to the previous year and total vehicle sales in June to 1.93 million units – a decrease of 16.3 percent compared to the previous year and 9.5 percent from the previous month, reports CNBC.

According to estimates by the association, China still sold 12.8 million vehicles in the first half of 2021, an increase of 24.8 percent compared to the same period of the previous year and above the value of 12.3 million units sold in the same period in 2019. Vehicle sales on the Chinese market continued to grow despite the global pandemic that was affecting the economy.

BYD sells fewer fully electric cars

The Chinese carmaker BYD, supported by stock market legend Warren Buffett, is not coming close to its sales figures from before the corona pandemic for fully electric cars this year. The company announced that it had sold 20,016 fully electric cars in June this year, compared to 9,907 units in June 2020. BYD sold 93,440 electric cars in the first half of 2021. The carmaker is thus well above the previous year’s figure, when BYD sold 46,261 fully electric vehicles, but also below its result for the first half of 2019, before the corona pandemic shook the economy. At that time BYD was able to sell 95,779 electric cars.

More plug-in hybrids

Contrary to the recent trend that BYD was selling more fully electric cars than plug-in hybrids, the number of hybrid cars sold exceeded all-electric vehicles in June: BYD sold 20,100 units, 84 hybrid models more than all-electric cars. The company also announced in June that it had shipped 100 all-electric cars to Norway, according to CNBC. This is the first batch of 1,500 cars planned to be delivered there by the end of 2021.

Total sales increase compared to before the pandemic

Even if sales of fully electric cars declined compared to the period before the pandemic in 2019, BYD’s total sales in the first half of 2021 exceeded the 228,072 units sold in the first half of 2019 with 246,689 units.

This puts BYD well ahead of its startup competitors, such as NIO, which delivered just 41,956 e-cars in the first half of 2021. However, BYD has to admit defeat to US electric car manufacturer Tesla: The company of Elon Musk was able to deliver over 201,000 vehicles in the second quarter of this year alone.

Finanzen.net editorial team

More news about BYD Co. Ltd.

Image Sources: Philip Lange / Shutterstock.com

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