China’s New Energy Vehicle Sales Jump 75%, Led by BYD Then Tesla
A BYD Han luxury sedan.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Retail sales of new-energy vehicles in China rose 75% in October from a year earlier, led by top seller BYD Co., though Covid-related disruptions left them 9% down from the previous month.
A total of 556,000 passenger NEVs, including pure-electric cars and plug-in hybrids, were sold last month, data from China Passenger Car Association showed Tuesday. That lifted sales in the first 10 months of the year to 4.43 million. BYD Co. shipped 217,518 cars, while Tesla Inc. delivered 71,704, including 54,504 for export.