Strong Demand: Sales Figures for Buffett Investments BYD Exploded in August – Lee Auto outperforms NIO and Xpeng | News

BYD massively increased its distribution figures in August

Li Auto, Xpeng and NIO also benefit from demand
Li Auto once again dwarfs Xpeng and Nio

The company, in which Star investor Warren Buffett has invested, reported an explosion in delivery figures in the electric vehicle segment in the summer of August.

Quadruple the delivery figures

As announced by BYD, a total of 61,409 New Energy Vehicle (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.

Manufacturer BYD has no hydrogen vehicles in its model range, with the total number of vehicles sold being evenly distributed between BYD models with purely electric drives and plug-in hybrids from the Chinese manufacturer.

Not only did sales of BYD vehicles increase significantly compared to the previous year, BYD was also able to increase significantly compared to the previous month: in July, the company delivered 50,492 vehicles to customers.

Strong demand in China

The company benefited from strong demand in one of the world’s largest auto markets. BYD was able to shadow the competition with numbers: NIO Group delivered 48.3 percent more vehicles in August than the same period last year, but overall the company sold only 5,880 models.

Lee Auto last caused a positive surprise in August and brought 9,433 units of its Li One vehicle model to the public – Lee brought in more cars than the Nio, which has a wider product range.

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Xpeng Motors also sold 7,214 units in the month under review, trailing Li Auto but ahead of NIO. However, none of the competitors even came close to BYD’s sales figures.

Finanzen.net Editorial Team

More news about BYD Company Limited.

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