BYD is the second best-selling car manufacturer in China, despite selling only PHEV and EV
BYD reported a significant increase in sales, so the company joined the top three Chinese carmakers in May.
According to data released by the China Passenger Car Association, BYD sold 113,768 vehicles in May. This puts it second in China in terms of retail sales after FAW-Volkswagen, which sold 150,009 units in a month.
What makes BYD’s sales particularly important is that it no longer produces cars that run only on internal combustion engines. This means that all cars sold in May were hybrids or fully electric. Not surprisingly, it was one of two of the three best-selling new energy models in China last month.
Also read: BYD sales no longer sell ICE vehicles
Sales of BYD in May increased by 159.5% compared to May last year, while sales of FAW-Volkswagen decreased by 10.6%. China’s third-largest carmaker in May was Geely with 73,315 sales, down 14.5 percent.
Sales of passenger cars in the Chinese market in May decreased by 11.8% compared to a year earlier, but sales of new energy vehicles increased by 91.2%. In terms of new energy vehicles, BYD was the best-selling brand, followed by GM’s joint venture with Wuling Motors in second place and Tesla in third place.
In early May, BYD sold 397,420 vehicles in the first four months of the year, up 166 percent from the first four months of 2021. Sales of its hybrid and electric vehicles increased by 388% during this period.