New record for Chinese electric car giant

» Published: September 02 2024

New record for Chinese electric car giant
Photo: Ng Han Guan AP/TT

Share this article

Chinese BYD – the world's largest electric vehicle manufacturer by volume – sold a record number of passenger cars in August. So-called hybrid models are doing noticeably better than pure electric cars in BYD's range, according to the monthly figures.

Total sales of BYD's monthly sales in August increased to 370,854 passenger cars, a 30% increase in annual terms. The number of sold electric cars in August was 148,470, while hybrid cars increased to 222,384 cars.

So far this year, BYD has sold just over 2.3 million vehicles.

Most other electric vehicle manufacturers in China – such as Li Auto, Aito, Nio – reported a decline in August sales.

Geely's electric vehicle brand Zeekr, owned by Volvo Cars, which is about to launch an SUV model that will compete with Tesla, increased slightly compared to the previous month to 18,015 deliveries in August, but fewer than in June.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Russian Oil Companies Face Profit Decline Amid Lower Prices and Stronger Ruble
2 MIN READ

Russian Oil Companies Face Profit Decline Amid Lower Prices and Stronger Ruble

AI in Recruitment: Potential Legal and Financial Risks for Companies
1 MIN READ

AI in Recruitment: Potential Legal and Financial Risks for Companies

HR Managers Overwhelmed by AI-Generated Job Applications
2 MIN READ

HR Managers Overwhelmed by AI-Generated Job Applications

Germany Achieves Gas Storage Goal Two Months Early
2 MIN READ

Germany Achieves Gas Storage Goal Two Months Early

Investigator Recommends Against Reintroducing Cousin Inheritance Rights in Sweden
2 MIN READ

Investigator Recommends Against Reintroducing Cousin Inheritance Rights in Sweden

China's Manufacturing Industry Slows in August Despite Stabilized US Trade Relations
2 MIN READ

China's Manufacturing Industry Slows in August Despite Stabilized US Trade Relations

Court Rules Trump's Trade Tariffs Illegal in Judicial Setback
2 MIN READ

Court Rules Trump's Trade Tariffs Illegal in Judicial Setback

Swedish Electric Boat Maker Candela Expands Production to USA
3 MIN READ

Swedish Electric Boat Maker Candela Expands Production to USA

Dousa on Verdict: Tariffs Likely to Persist Despite Court Ruling
1 MIN READ

Dousa on Verdict: Tariffs Likely to Persist Despite Court Ruling

Rice Trade Dispute Halts US-Japan Customs Talks
1 MIN READ

Rice Trade Dispute Halts US-Japan Customs Talks

Court Rules Most Trump Tariffs Illegal but Allows Temporary Continuation
2 MIN READ

Court Rules Most Trump Tariffs Illegal but Allows Temporary Continuation

Klarna Prepares for New York Stock Exchange Debut
1 MIN READ

Klarna Prepares for New York Stock Exchange Debut

Sanctions Loom for Companies Trading with Russia
1 MIN READ

Sanctions Loom for Companies Trading with Russia

Wall Street Declines After July Inflation Data Released
2 MIN READ

Wall Street Declines After July Inflation Data Released

The Job Market in Sweden is Cooling Down - Significant Differences Between Industries

The Job Market in Sweden is Cooling Down - Significant Differences Between Industries

US Inflation Steady at 2.6 Percent in July
1 MIN READ

US Inflation Steady at 2.6 Percent in July

Extended Nuclear Shutdown Raises Electricity Prices in Southern Sweden
2 MIN READ

Extended Nuclear Shutdown Raises Electricity Prices in Southern Sweden

Price Pressure Reduces Alibaba's Second Quarter Profit
1 MIN READ

Price Pressure Reduces Alibaba's Second Quarter Profit

Ikano Bank Reports Loss Amid 670 Million Kronor Credit Losses
1 MIN READ

Ikano Bank Reports Loss Amid 670 Million Kronor Credit Losses

Norway and US Senator Clash Over Oil Fund's Caterpillar Divestment
1 MIN READ

Norway and US Senator Clash Over Oil Fund's Caterpillar Divestment