BYD’s July New Energy Vehicle Sales More Than Triple to Record

BYD now sells only purely electric vehicles or hybrids after it earlier this year stopped producing vehicles running solely on fossil fuels.

(Bloomberg) — Chinese electric-car maker BYD Co. extended its lead over rivals in July as sales of its new energy vehicles more than tripled to a record.

The company, backed by Warren Buffett’s Berkshire Hathaway Inc., sold 162,530 autos last month, compared with 50,492 a year ago. Earlier this week, BYD signed agreements to start selling its electric cars in Germany, Sweden and Israel as it extends its footprint beyond China.

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