BYD sells record 502,657 NEVs in Oct, exceeding 500,000 mark for 1st time

BYD posted another record month of sales last month, as hybrid models maintained strong growth.

The company sold 502,657 new energy vehicles (NEVs) in Oct, surpassing the 500,000 mark for the first time and marking the fifth consecutive month of record highs, according to data released.

BYD's NEVs include passenger cars as well as commercial vehicles, with sales of passenger NEVs totaling 500,526 units in October, up 66.24 percent year-on-year and up 19.86 percent from September.

BYD sold 189,614 units of passenger BEVs in Oct, up 14.57% from a year ago and up 14.95% from Sep.

Sales of passenger PHEVs in Oct were 310,912 units, the 8th consecutive record high since Mar. That's up 129.30% year-on-year and up 23.06% from Sep.

In Oct, BYD sold 31,192 vehicles in overseas markets, up 2.20% year-on-year but down 5.51% from Sep.

Of the overseas sales in Oct, 28,012 units were exported from China, according to BYD. This is the first time it has released export figures.