BYD shares (01211) achieved another monthly sales record of 0.5 million vehicles in November, with a year-on-year increase of 67.2%.
The Zhitong Finance App learned that Nomura released a research report saying that the end of the year is approaching. Thanks to the government's automobile trade-in subsidy program, Chinese electric vehicle manufacturers continued to perform strongly in November. As expected, Chinese electric vehicle manufacturers reached their peak level at the end of the year.
As the automobile industry enters its peak season, compared with October this year, more electric vehicle manufacturers and brands recorded record sales in January. BYD shares (01211) achieved another monthly sales record of 0.5 million vehicles in November, with a year-on-year increase of 67.2%.
According to the bank's latest channel survey, in December, BYD may offer discounts of 1-3 thousand yuan on some models, and year-end rewards for dealers may continue this year. Since BYD has sold 3.7 million vehicles in the first 11 months of this year, the bank believes that its annual sales volume should easily reach 4.2 million units or more.
Furthermore, Geely Auto (00175)'s overall NEV sales volume in November was 0.1225 million units, up 93.9% year on year, and hit a new monthly sales high for the fourth month in a row.