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BYD’s first quarter 2021 car sales increased 69.97% a year ago.

Shanghai (Gas Goo)- BYD Company Limited (BYD) announced that it sold a total of 104,145 new cars in the first quarter of 2021. This is an increase of 69.97% over the previous year.

The remarkable growth in sales in the first quarter was due to the continuous growth of monthly sales in March 2021. BYD’s vehicle sales last month increased 95.04% month-on-month to 40,817 units, up 33.39% year-on-year. Automakers also saw sales surges of 68.44% and 280.42% year-on-year in January and February, respectively.

BYD 2021 Q1 Sales, 2021 Q1 Net Income, China Automobile News

BYD Han EV; Photo Provider: BYD

BYD’s new energy vehicle (NEV) sales in March increased 97.6% year-on-year to 24,218 units, surpassing the previous year’s results for 7 consecutive months.

Of the NEVs sold last month, 23,386 were passenger cars (PV), an increase of 98.81% from the previous year. Battery-powered electric vehicle (BEV) units significantly outperformed plug-in electric vehicles (PHEV) in March sales, but significantly outperformed plug-in electric vehicles (PHEV).

Automakers will roll out five all-new BEV models at once on April 7. QinPLUS EV and Song PLUS EV are new products of Fire that adopt BYD’s completely new design language, and three updated models, Tang EV, Qin EV and e2, inherit the exterior style of the existing version. In particular, BYD’s “blade battery” is standard equipment on all five models.

BYD 2021 Q1 Sales, 2021 Q1 Net Income, China Automobile News

2021 BYD Tang; Photo courtesy of BYD

BYD’s March sales of petroleum vehicles decreased 9.51% year-on-year to 16,599 units, up 57.01% year-on-year. The year-on-year decline was due to lower sales of SUVs and MPVs. Nevertheless, the sedan segment still recorded strong growth of 101.24%, with 4,707 vehicles sold.

BYD predicted last month that net income attributable to shareholders in the first quarter of 2021 would rise from 200 million yuan ($ 30.579 million) to 300 million yuan ($ 45.868 million), compared to the same period in 2020. Announced that it will increase from 77.56% to 166.34%.

http://autonews.gasgoo.com/china_news/70018140.html BYD’s first quarter 2021 car sales increased 69.97% a year ago.

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