Chinese carmaker BYD’s sales up 30.44pc in Dec

Chinese auto manufacturer BYD Company Limited’s car sales in December 2020 stood at 56,322 units, up by 30.44pc as compared to 43,179 units during the same month in 2019, the company said in a statement.

Of total Dec sales, the company’s new energy vehicle (NEV) sales grew by 120.18pc to 28,841 units from 13,099 units in the previous year, while sales of oil-fueled vehicles stood at 27,481 units, declining by 8.64pc as compared to 30,080 units in the preceding year.

The company’s cumulative sales for 2020, however, declined by 7.46pc to 426,972 units from 461,399 units in the year before due to the impact of the COVID-19 pandemic on the auto sector across the globe.

In H1 2020, the company’s monthly sales remained negative and then gradually rose in the second half of the year.

Of total sales in 2020, the company sold 189,689 units of NEVs, down by 17.35pc from 229,506 units in 2019, while sales of oil-fueled vehicles increased by 2.32pc to 237,283 units as compared to 231,893 units in the year prior.

The pandemic hampered the industry as restrictions and lockdown across the globe made it difficult to acquire auto parts, while consumer’s purchasing power also declined in the initial months of the lockdown.