Transportation
BYD Sells Record Half a Million Plug-In Cars in Blowout Month
- Chinese manufacturer with strong start to final quarter
- Robust demand for plug-in hybrid models drives 66% increase
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BYD Co. kicked off the final quarter of the year with record monthly sales, continuing its strong performance in what is typically a peak season for auto purchases in China.
The manufacturer’s global passenger-car sales jumped 66% to a record 500,526 units in October, it said Friday. While BYD reached the half-million milestone earlier than expected, Western manufacturers including Volkswagen AG are struggling in the world’s biggest auto market.