China’s leading EV maker, BYD, nearly reached a new sales record in May after aggressive price cuts took effect. BYD posted its second-highest sales last month as new energy vehicle (NEV) sales continued picking up.
BYD achieves second highest sales record in May
After hitting a new electric vehicle (EV) weekly sales record in early May, BYD is not slowing down.
With 331,817 NEVs (EVs and PHEVs) sold last month, BYD is closing in on its all-time sales record. BYD’s NEV sales were up 38% year-over-year (YOY) and 5% from the 313,245 sold in April.
Although just short of the record 341,043 NEVs sold in December 2023, BYD’s sales are trending upwards. BYD’s plug-in hybrids set a new monthly sales record with 184,093 sold last month, up 22% YOY. This is the third straight record PHEV sales month.
BYD has sold 685,960 PHEVs so far this year, up 35%…