Apr 12, 2024 05:29 AM

BUSINESS

BYD Takes the Lead in China NEV Exports with 130% Growth in First Quarter

By Yu Cong and Han Wei

00:00

00:00/00:00

Listen to this article 1x

BYD cars being prepared for export onboard a ship at Haitong Terminal of the Waigaoqiao Port Area in Shanghai in June 2023

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.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Download our app to receive breaking news alerts and read the news on the go.

Get our weekly free Must-Read newsletter.

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: China Wraps Up Golden Week

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: China’s Fiscal and Monetary Stimulus Combo

00:00

00:00/00:00

MOST POPULAR

1: Exclusive: China May Add 6 Trillion Yuan in Treasury Bonds to Buttress Economy

2: Finance Movers and Shakers: Sovereign Fund Unit’s New President, Ex-Central Bank Deputy’s Death Sentence

3: Briefing: Chinese Stocks Fall Ahead of Expected Fiscal Stimulus Announcement

4: China Unveils Fiscal Stimulus Targeting Property Market, Local Government Debt

5: Caixin Explains: The Power Grid’s Solar and Wind Problem

SPONSORED

OR