BYD sales hit a record in August despite broader China EV slowdown
BYDBYD(US:BYDDY) CNBC·2024-09-02 02:28

Group 1: BYD Developments - BYD launched the BYD Seal in Europe at the IAA auto show in Munich, with a starting price of 44,900 euros ($48,479) [1] - BYD sold 31,451 cars overseas last month, bringing the year-to-date total to 264,869, surpassing last year's total of 242,765 cars sold abroad [2] - If BYD maintains its average monthly overseas sales pace, it is projected to sell just under 400,000 cars outside China by the end of the year [3] Group 2: Aito and Xiaomi Performance - Aito, utilizing Huawei technology, delivered 31,216 cars last month, a decrease of over 10,000 vehicles from the previous month [1] - Xiaomi reported delivering more than 10,000 cars in August for the third consecutive month, with a target of 100,000 units of its SU7 electric sedan by the end of November [3][4] - To meet its target, Xiaomi needs to deliver an average of at least 16,000 cars per month from August to November [4] Group 3: Competitive Landscape - Zeekr announced the launch of its first SUV this month, priced over $1,400 lower than Tesla's Model Y, aiming for global delivery by the end of the year [2]

BYD sales hit a record in August despite broader China EV slowdown - Reportify