BYD beat competitors in electric cars

BYD beat competitors in electric cars

April 8, 2021 0 By autotimesnews

Sales of electric cars by the Chinese manufacturer BYD, whose main investor is Warren Buffett, in March exceeded the deliveries of its competitors – Nio and Xpeng by 2 times. Last month, the company sold 16,301 units of light electric vehicles.

According to CNBC analysts, BYD’s closest competitor, China’s NIO, sold only 7,257 electric vehicles last month, and Xpeng dealers barely surpassed the 5,000 mark. In any case, even such indicators exceed the bold forecasts of analysts.

Taking into account the sales of hybrid vehicles, the sales volume of BYD in March amounted to over 23 thousand copies. Since the beginning of the first quarter, the company has sold 53,380 vehicles and 49,394 pieces of vehicles with traditional internal combustion engines.

Buying activity in the electric car segment in China is increasing as the country’s auto market recovers from the pandemic. In the first quarter, the number of new car registrations reached a record 9.66 million, according to information from the PRC Ministry of Public Security. At the same time, the number of sold electric vehicles is 466 thousand units, or 6% of the total volume of registered cars. At the same time, the share of purely electric cars was as much as 81.5%.

Back in February 2021, wrote that BYD was preparing a new electric sports coupe – BYD R2. The novelty will be produced in two versions – both with front and all-wheel drive. The return of the electric motor in the first case will be 136 hp. power and 180 Nm of torque. The top performance will receive two electric motors – one on each axle. Moreover, their total output will be about 231 hp. power, and torque – 330 Nm. It seems to be not a lot by modern standards, but the dynamic indicators, also already published, are quite impressive – 2.9 seconds to 100 km / h, and the maximum speed is 220 km / h.