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BYD nearly tops all-time sales record in May as EV price cuts boost demand
BYD's Record-Breaking Sales
BYD, China's leading EV maker, achieved its second-highest sales record in May, with 331,817 new energy vehicles (NEVs) sold.
This marks a 38% year-over-year increase and a 5% increase from the previous month.
Plug-In Hybrids and Electric Vehicles
The sales growth was driven by a surge in plug-in hybrid sales, setting a new monthly record with 184,093 units sold.
Additionally, BYD sold 146,395 fully electric vehicles, up 22% year-over-year.
Expansion into New Segments
Despite being known for its affordable EVs, BYD is expanding into new popular segments like mid-size SUVs, luxury vehicles, and pickups.
The new Sea Lion 07 electric SUV and the long-awaited Shark PHEV pickup have already made a significant impact in the market.
Global Impact
BYD's low-cost EVs are already causing concern for overseas rivals, with plans to launch in Europe and a strong presence in overseas markets like Brazil.
Impressive Technological Advancements
BYD's fifth-gen Dual Mode (DM) hybrid tech boasts the highest thermal efficiency globally and a combined CLTC range of up to 2,100 kilometers.
BYD's remarkable sales performance and expansion into new segments demonstrate its growing influence in the global EV market.
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