Hyperdrive
BYD August Electric Car Sales Inch Higher Despite Covid Worries
A BYD Co. showroom in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
BYD Co. sold 173,977 electric-powered cars in August, a record for the Chinese automaker backed by Warren Buffett, according to data released Friday.
Based in the southern Chinese city of Shenzhen, BYD has been on an upward sales trajectory this year, with EV shipments rising each month since March, despite the industry being dogged by supply-chain snags and Covid-related disruptions.