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BYD Sales Hit Fresh Record as Chinese Consumers Embrace Hybrids

  • Buffett-backed BYD produced 534,164 cars in the third quarter
  • Pure EV maker Tesla third-quarter deliveries missed estimates
Bloomberg business news
WATCH: BYD Co. notched up a seventh consecutive monthly sales record for electric and hybrid vehicles in September. Katrina Nicholas reports.Source: Bloomberg

BYD Co. notched up a seventh consecutive monthly sales record for electric and hybrid vehicles in September, selling just over 200,000 units for the first time, and comfortably beating clean car global behemoth Tesla Inc. for deliveries in the third quarter.

Sales surged 187% to 200,973 year-on-year, Hong Kong-listed BYD said in an exchange filing Monday. For the third quarter, BYD -- whose new energy vehicle sales are near-evenly split between pure-electric vehicles and hybrids -- produced 534,164 units.