Hyperdrive
BYD’s July New Energy Vehicle Sales More Than Triple to Record
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Chinese electric-car maker BYD Co. extended its lead over rivals in July, with sales of its new energy vehicles more than tripling to a record.
The company, backed by Warren Buffett’s Berkshire Hathaway Inc., sold 162,530 units last month compared with 50,492 a year ago. Earlier this week, BYD signed agreements to start selling its electric vehicles in the coming months in Germany, Sweden and Israel as it extends its footprint beyond China.