BYD Overtakes Volkswagen as China's Best-Selling Car Brand

Warren Buffett-backed electric car maker BYD sold more than 440,000 vehicles in China in the first quarter this year, overtaking its German rival Volkswagen as the country's top-selling car brand, according to auto industry data.

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BYD announced its March sales data recently. The company sold 207,080 cars in March this year, a year-on-year increase of 97.4%. This includes 206,089 passenger cars (including 13,312 cars for exports), up 97.5% from a year ago. Among the passenger cars it sold last month, 103,419 units were plug-in hybrid electric cars, while the rest being pure electric ones.