Shanghai (ZXZC)- BYD Company Limited (BYD) announced on Monday its new car sales reached 51,015 units in June 2021, surging 51.27% year on year, while growing 10.2% month on month.

The growth in monthly sales was credited to the 192.03% hike in the new energy vehicle (NEV) sales, which surpassed 40,000 units for the first time so far this year.

Passenger vehicles accounted for 97% of BYD's NEV sales for the month of June. To be specific, the sales of all-electric vehicles soar 102.04% to 20,016 units, while 20,100 PHEVs was sold to hit a 536.68% spike year-over-year. 

BYD Tang DM-i; photo credit: BYD

The precipitous rise in PHEV sales in June should be mainly thanks to the market launch of the three vehicle models using BYD's DM-i super hybrid technology, namely the Qin PLUS DM-i, the Song PLUS DM-i, and the Tang DM-i.

In June, BYD saw its oil-fueled vehicle sales plunge 50.67% from the previous year. The sedan, the SUV, and the MPV segments all posted two-digit decrease.

For the first half of 2021, the company sold a total of 246,689 new vehicles, representing a 55.51% robust increase compared to the year-ago period. Its year-to-date NEV sales shot up 154.76%, which completely offset the 5.96% downward movement showed by the fuel-burning vehicle sales.

The installed capacity of NEV power battery and energy storage battery of BYD for the month of June 2021 reached approximately 2.777GWh.The semi-annual installed capacity was roughly 12.707GWh.