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BYD Autos sales increased by 414% y-o-y in 2006

Ally From www.gasgoo.com| April 12 , 2007

According to BYD fiscal report unveiled recently, thanks to the growing business of the IT industry and auto operations, the company gains a profit margin of 1,128 million Yuan, up 113% year-on-year, of which the auto operations turns to a profit of 116 million Yuan for the first time after three years' consecutive loss; sales income of the auto operation increased by 414% to 3,230 million Yuan last year.

Market share of self-brand vehicles climbed to 30% in the first two months this year. Though the sales promotional activities launched by mainstream auto manufactures exert certain influence to these automakers, BYD maintains its strong year to date sales growth. The company sold 10,000 vehicles in January and broke this sales mark again in the third month.

Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods.

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