BYD BEV Monthly Sales grew merely 1.55% March to April 2023

BYD (Tesla's main competitor in China) monthly sales in April compared to March is not impressive - almost flat. The reasons are due to recession fear and Tesla's price cut which is hurting the EV industry especially companies with small or negative profit margin.

NEV +1.55%

Passenger NEV +1.64%

Commercial NEV -16.45%

Passenger BEV +1.65%

Passenger PHEV+1.63%

Quote:

BYD sold 210,295 new energy vehicles (NEVs) in April ... up 1.55 percent from 207,080 units in March.

BYD's NEVs include passenger cars as well as commercial vehicles, with sales of 209,467 new energy passenger cars in April...up 1.64 percent from 206,089 units in March.

BYD's new energy commercial vehicles sold 828 units in April ... down 16.45 percent from 991 units in March.

Among these passenger NEVs, battery electric vehicles (BEVs) sold 104,364 units ... up 1.65 percent from 102,670 units in March.

Its passenger plug-in hybrid vehicles (PHEVs) were 105,103 units ... up 1.63 percent from 103,419 units in March.

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