E-mobility for the masses
Visitors to the BYD stand at the Auto Shanghai 2021 auto show. The volume manufacturer’s affordable e-mobiles are currently selling like hot cakes in China.
(Photo: REUTERS)
BYD is pulling away from the competition in the world’s largest electric car market. Every fourth electrified car sold in China – i.e. with battery or hybrid drive – now comes from the group based in the tech metropolis Shenzhen. As the only one of the 20 top-selling automakers active in China, the volume manufacturer increased sales in the first five months, as figures from the BSCB statistics portal show.
While some competitors suffered slumps of more than 40 percent, BYD almost doubled its deliveries. If the company manages to maintain its high growth rates even to some extent, it could become the largest vehicle manufacturer in China in just a few months – and thus replace the long-standing leader Volkswagen.
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