Geely, BYD post lower Sept. deliveries – Automotive News

Sales at the largest domestic carmaker, Geely Automobile Holdings, and China’s No. 1 electrified vehicle manufacturer, BYD Co., fell again in September, amid an ongoing decline in volume across the country’s auto industry. 

Geely Auto deliveries dropped 8.5 percent to 113,832 last month, the company said. Volume at the Geely mass-market brand and premium Lynk & CO marque both slipped 8.5 percent to 100,219 and 13,613, respectively. 

BYD sales fell 15 percent to 40,729 with weaker demand for electrified vehicles offset by strong sales of gasoline models.  

Deliveries of electric vehicles and plug-in hybrids nosedived 51 percent to 13,681 while deliveries of gasoline vehicles surged 36 percent to 27,048, BYD said.

It is the third consecutive month that BYD sales declined after Beijing completed a new round of subsidy cuts for EVs and plug-in hybrids in June. 

Through September, Geely Auto’s sales slumped 16 percent to 958,110 while BYD’s volume decreased 4.5 percent to 335,795. 

Another major private light-vehicle automaker, Great Wall Motor Co., hasn’t released September sales tallies. 

Recommended for You

{{/main_image_url}}
{{^main_image_url}}

{{/main_image_url}}

Go to Source
Go to Source