Industry dynamics

BYD’s Jan.-Sept. sales edge down 4.49%, while NEV sales rise steadily

Publishtime:1970-01-01 08:00:00 Views:37

Shanghai (ZXZC)- Chinese automaker BYD saw its new energy vehicle (NEV) sales steadily rise for the first nine months of 2019, while sharply decline in September.

BYD’s Jan.-Sept. sales edge down 4.49%, while NEV sales rise steadily

The company sold 192,620 NEVs through September, posting a year-on-year jump of 34.31%. Of that, PV sales volume leapt 37.37% to 185,919 units, while its growth was somewhat offset by the decline in CV sales.

BYD’s Jan.-Sept. sales edge down 4.49%, while NEV sales rise steadily

Among new energy PVs sold so far this year, the BEV sector accounted for roughly 66.5%. It was also the force that boosted the entire PV sales. However, year-to-date PHEV sales slumped 23.52%.

Due to the substantial decrease in oil-fueled vehicles, BYD still faced downturn in total auto sales for the first three quarters.

BYD’s Jan.-Sept. sales edge down 4.49%, while NEV sales rise steadily

(Photo source: BYD)

The automaker sold 143,175 fossil-fuel-burning vehicles from Jan. to Sept., a year-on-year slump of 31.22%. SUV sales jumped 22.34% to 62,205 units, while total fuel-burning vehicle sales still shrank because of the steep decline in sedan and MPV volumes.

BYD’s Jan.-Sept. sales edge down 4.49%, while NEV sales rise steadily

In September, BYD's NEV sales volume was more than halved over the previous year, which directly brought down the entire auto sales. Besides, compared with August, its NEV sales still showed a double-digit drop.

Both new energy PV and CV sectors posted nosedive in Sept. sales. PV sales reached 13,048 units with its BEV and PHEV sales plummeting 39.28% and 55.9% respectively over the year-ago period.

The Sept. sales volume of new energy CVs plunged to only 633 units, while 14 units more than that of in August.