Home / Metal News / BYD Targets 30% Growth in Auto Sales in 2016 with New Energy Vehicles Claiming 24%

BYD Targets 30% Growth in Auto Sales in 2016 with New Energy Vehicles Claiming 24%

iconJun 12, 2016 14:11
Source:SMM
BYD Co. targets auto sales at 500,000 units this year with new energy vehicles accounting for more than 24%, auto.qq.com reported.

SHANGHAI, Jun. 12 (SMM) – BYD Co. targets auto sales at 500,000 units this year with new energy vehicles accounting for more than 24%, auto.qq.com reported.

The company will increase its shipments to market in the latter half of this year and sales volumes of new energy vehicles is expected to reach 120,000 units within this year, doubling from 58,000 units last year.

In 2015, the company reported sales volumes at 380,000 units, only posting a modest rise of 1% year-on-year. This was mainly because of 9.73% year-on-year slip to 320,000 units in fuel vehicles. In contrast, those for new energy vehicles grew 208% on the yearly basis to 58,000 units, claiming 15% in the whole year’s sales volumes. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.


BYD
new energy
new energy vehicle

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news