Chinese language battery and electrical car maker BYD exhibits off a mannequin of its Han EV sequence on the 2020 Beijing auto present.
Evelyn Cheng | CNBC
BYD, which is backed by U.S. billionaire Warren Buffett, disclosed Tuesday that gross sales of its battery-powered passenger automobiles totaled 16,301 models final month.
That is greater than double Nio’s deliveries in March of seven,257 automobiles. Rival start-up Xpeng delivered even fewer autos, at 5,102 models final month. Each corporations nonetheless beat analysts’ expectations with these figures.
Within the new vitality car class, which incorporates hybrid in addition to pure-electric automobiles, BYD bought greater than 23,000 models in March — that brings the entire within the first quarter to 53,380 automobiles.
BYD additionally bought almost as many oil-fueled autos within the first quarter, at 49,394 models.
The gross sales of electrical automobiles come as China’s auto market recovers from the coronavirus…