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BYD’s NEV sales growth still remains negative in August

Tuesday From Gasgoo| September 09 , 2019

Shanghai (Gasgoo)- Sales at BYD fell 13.95% to 36,009 units in August, versus the 16.96% year-on-year drop in July sales, according to the automaker's latest sales report.

Both NEV and oil-fueled vehicle businesses posted downturn in August sales. It seems that the NEV subsidy slash still impinged on BYD. After coming across an 11.84% decline in July, its NEV sales slide 23.44% to 16,719 units last month.

BYD NEV sale growth August 2019, BYD auto sales August 2019, China automotive news, BYD e2

Sales volume of all-electric PVs and CVs tumbled 22.76% and 37.66% over the prior-year respectively in August. However, the overall downturn mainly resulted from PV sales drop due to its much larger share. In PV sector, 11,005 battery electric vehicles (BEVs) were sold last month, up by 12.35% from a year ago, while the growth was entirely offset by the plunge in plug-in hybrid electric vehicle (PHEV) sales.

BYD NEV sale growth August 2019, BYD auto sales August 2019, China automotive news, BYD e2

Year-to-date NEV sales still surged 54.91% compared with the year-ago period. Of that, new energy PV sales zoomed up 56.7% with BEV sales soaring, while PHEV sales shrinking.

BYD NEV sale growth August 2019, BYD auto sales August 2019, China automotive news, BYD e2

August sales volume of oil-fuel vehicles edged down 3.59%, versus the 22.16% year-on-year decrease in July sales.

The contracted drop should be completely attributed to the rising SUV sales which showed a stupendous year-on-year growth of 104.52%. Nevertheless, both sedan and MPV sectors were hit by decline of over 30% in August.

BYD NEV sale growth August 2019, BYD auto sales August 2019, China automotive news, BYD e2

Regarding monthly performance of specific models, sales volumes of the Tang, Qin and Yuan series reached 4,833 units, 3,635 units and 4,127 units respectively. The Song Family had a sales volume of 17,174 units, among which 4,458 units and 12,716 units were the all-new Song Max and the Song Pro.

BYD NEV sale growth August 2019, BYD auto sales August 2019, China automotive news, BYD e2

Besides, sales volume of the e1 and the S2, which belong to the “e” Series targeting lower-end NEV market, totaled 2,441 units in August. The NEV lineup was further enriched after the e2 BEV hit the market on September 2 (photo source: BYD's WeChat account).

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