Apr 12, 2024 05:29 AM
BUSINESS
BYD Takes the Lead in China NEV Exports with 130% Growth in First Quarter
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BYD cars being prepared for export onboard a ship at Haitong Terminal of the Waigaoqiao Port Area in Shanghai in June 2023
China’s electric car maker BYD Co. Ltd. is stepping up the pace of vehicle exports and overseas production, strengthening its foothold as a global industry leader.
BYD’s export of new energy vehicles (NEVs) — including pure electric, plug-in hybrid and fuel cell vehicles — reached 99,000 vehicles in the first quarter, marking a 130% increase over the same period last year, according to data from the China Association of Automobile Manufacturers (CAAM). Tesla Inc.’s China plant exported 88,000 vehicles during the quarter.
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