Oct 04, 2022 06:50 PM

BUSINESS

BYD Sales Hit Record High as China Steers Stimulus to Auto Market

Customers check out a new-energy vehicle at a BYD dealership in Beijing on July 30. Photo: VCG

Customers check out a new-energy vehicle at a BYD dealership in Beijing on July 30. Photo: VCG

China’s largest new-energy vehicle (NEV) manufacturer BYD Co. Ltd. reported record sales last month as China stepped up stimulus to shore up sluggish economic growth.

In September, Hong Kong- and Shenzhen-listed BYD (002594.SZ) sold 201,259 NEVs, a category that includes electric and hybrid vehicles. The figure was up 183% year-on-year and marked the seventh consecutive month of growth, according to a Monday filing to the Hong Kong Stock Exchange.

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