The Chinese technology group BYD profited massively from the increased demand for electric vehicles in August.
• BYD massively increased its delivery figures in August
• Li Auto, Xpeng and NIO also benefit from the demand
• Li Auto once again outshines Xpeng and NIO
The company, in which star investor Warren Buffett, among others, is invested, reported an explosion in delivery figures in the electric vehicle segment in the summer of August.
Delivery figures quadrupled
As BYD announced, a total of 61,409 New Energy Vehicles (NEV) vehicles were brought to the public in August. This generic term summarizes cars with alternative drive technology and includes not only purely electric vehicles, but also hybrid vehicles and cars with fuel cell drives.
The manufacturer BYD does not have any hydrogen vehicles in its model range; the total vehicles sold are evenly distributed between BYD models with purely electric drive and plug-in hybrids from the Chinese manufacturer.
The number of BYD vehicles sold not only increased significantly compared to the previous year, BYD was also able to increase significantly compared to the previous month: In July, the company had delivered 50,492 vehicles to customers.
Strong demand in China
The company benefited from strong demand in one of the largest vehicle markets in the world. BYD was able to put the competition in the shade with the numbers: The NIO group delivered 48.3 percent more vehicles in August than in the same period of the previous year, but overall the company only sold 5,880 models.
Li Auto last caused a positive surprise in August and brought 9,433 units of its Li One vehicle model to the people – Li brought more cars to the man than NIO, who has a broader product range.
Xpeng Motors also sold 7,214 units in the month under review, finishing behind Li Auto but ahead of NIO. However, none of the competitors even came close to BYD’s sales figures.
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