In Beijing, Chinese electric car giant BYD retailed a record number of passenger vehicles in August, with deals of hybrids extending rapidly than those of battery-only cars.
August sales, according to the company, increased by 30% year over year to 370,854 passenger automobiles.
Sales of battery-only vehicles increased by over 12%, but sales of hybrid vehicles increased by 48%, making up slightly less than two-thirds of all BYD vehicles sold in the previous month.
However, last month saw a decline in deliveries for a number of companies selling new energy vehicles.
Famous for its cars that extend the range, LiAuto recorded 48,122 deliveries in August, a decrease from a record 51,000 in July.
Using Huawei technology, Aito reported that it delivered 31,216 cars in the previous month, a decrease of over 10,000 vehicles over the previous month. For 2.5 billion yuan ($352.5 million), Huawei is selling the Aito trademark and patents to the manufacturer Seres.
Lower-priced cars hitting the market
According to Nio, it delivered 20,176 automobiles in August—a little less than in July but still above 20,000 for the fourth consecutive month.
Onvo, the company’s more affordable brand, opened 105 outlets on Sunday in anticipation of the L60 SUV, the company’s first car, arriving on delivery later this month. On Friday, Nio is supposed to release its earnings.
August was Xpeng’s greatest month of the year with 14,036 automobile deliveries, according to the company.
The company announced on Friday that it had started delivering some of its recently released, mass-market Mona M03 electric vehicle, which retails in China for less than $20,000. Whether or not those M03 deliveries were part of the overall amount that Xpeng disclosed was unclear.
Geely backed Zeekar announced a month-on-month growth to 18,015 deliveries in August, but that was below from 20,206 deliveries in June.
Undercutting Tesla and going global
On Friday, Zeekr announced that it will release its first SUV this month at a cost that is more than $1,400 less than that of Tesla’s Model Y. The Chinese company with a U.S. listing stated that it intends to deliver the SUV to all countries by the end of this year, although it did not specify which nations or areas.
According to BYD, it sold 31,451 vehicles overseas in May, bringing the year-to-date total to 264,869, surpassing the 242,765 vehicles it sold overseas during the entire previous year.
BYD would sell just under 400,000 cars outside of China this year if it maintains its typical monthly foreign sales rate through the end of December.
Xiaomi merely announced that, for the third consecutive month, it delivered more than 10,000 cars in August. CEO Lei Jun stated in mid-July that the company planned to ship 100,000 SU7 electric sedans by the end of November.
Based on reported figures, Xiaomi needs to deliver an average of 16,000 automobiles per month from August to November.
In April, the smartphone manufacturer started shipping large quantities of the SU7, which costs almost $4,000 less than Tesla’s Model 3.
