BYD new-energy vehicle sales up 292% in Jan-July

SHENZHEN -- China's leading new-energy vehicle (NEV) manufacturer BYD saw surging NEV sales growth in the first seven months of 2022 amid a market boom.

In a filing with the Shenzhen Stock Exchange on Wednesday night, the Shenzhen-based company said its sales of NEVs, including pure electric vehicles and plug-in hybrid electric vehicles, surged 292 percent year-on-year to 803,880 units in the January-July period.

In July alone, it sold 162,530 units, compared with 50,492 units in the same month a year ago.

BYD has ceased the production of traditional gasoline-powered vehicles starting since March.