Chinese car manufacturer BYD’s new car sales in February 2021 rose to 20,927 units, up by 280.42pc from the same month in 2020 but down by 50.65pc from January due to the Chinese New Year holidays, according to local media reports.
The sales have grown as compared to the prior year because the COVID-19 outbreak impacted car sales in 2020.
The company’s new energy vehicle (NEV) sales in February grew by 269.43pc to 10,355 units from Feb 2020. Of which, 7,835 units were all-electric passenger vehicles (PVs), while 2,288 units were plug-in hybrid PVs.
In February, BYD’s oil-fueled vehicle sales stood at 10,572 units, up by 291.85pc as compared to the prior-year period. Of which, sedan, SUV, and MPV sedan sales all recorded an increase of over 200pc.
|BYD car sales in February (in units)|
|Type||Feb-21||Feb-20||YoY (%)||Jan-21||MoM (pc)||Jan-Feb, 2021||Jan-Feb, 2020||YoY(pc)|
|New energy vehicle (NEV) sales|
|Plug-in hybrid EV||2,288||206||1010.68pc||5,408||-57.69pc||7,696||2,082||269.64pc|
|Oil-fueled vehicle sales|
In the first two months of the year (Jan-Feb, 2021), the company’s car sales stood at 63,328 units, up by 106.45pc from the prior-year period.
BYD aims to sell 400,000 units of NEVs in 2021, split fifty-fifty between BEVs and PHEVs (DM), as per media reports. To reach the target, the company needs to sell nearly 370,000 units of NEVs in the next 1 0months and roll out five to six new models in 2021.