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BYD reports declining sales of new energy vehicles in 2020
China Daily, 12 Jan '21
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China's leading new energy vehicle manufacturer BYD reported a sharp drop in its NEV sales in 2020.
BYD sold a total of 189,689 NEVs last year, down 17.35% from the same period in 2019, the company said in a filing with the Shenzhen Stock Exchange.
In December last year, it sold 28,841 NEVs, up 120.18% compared with a year ago.
Despite the sales slump in the NEV sector, BYD reported a sales rebound for petrol-powered vehicles. Last year, the carmaker sold 237,283 petrol-powered vehicles, up 2.32% year-on-year.