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BYD’s UK sales soar 880%, making it the EV-maker’s largest market outside China
BYD's UK sales surged 880% to 11,271 vehicles in September, driven by popular hybrid and electric models despite exclusion from the government’s electric car grant program.
- On Monday, BYD registered 11,271 vehicles in the United Kingdom last month, marking an 880% year-on-year increase and making the UK its largest overseas market.
- Excluded from the scheme, BYD launched a rival offer after the UK Government reintroduced a 650 million Electric Car Grant in July, boosting EV sales.
- Sales figures show BYD's SEAL U DM-i recorded 7,524 sales and SEALION 7 nearly 2,600 between July and September, lifting BYD's UK market share to 3.6%.
- Surging sales helped BYD Co. Ltd. overtake Renault and Seat as it opened its 100th retail site and Battery Service Centre in Milton Keynes, while its stock fell 1.3% in Hong Kong stock market on Monday.
- Looking to sustain growth, BYD Co. Ltd. faces U.S. market restrictions and domestic headwinds, cutting its annual forecast to 4.6 million while European sales rose over 200%.
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18 Articles
18 Articles
Chinese carmaker BYD has announced that the UK has become its biggest market outside China, after sales in September rose 880% compared to a year earlier. The company sold 11,271 vehicles in the month alone, most of them Seal U plug-in hybrid models. The increase comes as figures show that sales of electric vehicles in the UK have hit an all-time high. Britain is attractive to Chinese manufacturers because, unlike the EU and US, it has not impos…
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Total News Sources18
Leaning Left1Leaning Right2Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 17%
C 50%
R 33%
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