BYD sales hit record in August despite slowing Chinese EV market overall

BEIJING — China’s electric vehicle giant BYD sold a record number of passenger vehicles in August, with hybrid sales growing faster than battery-electric vehicle sales.

The company said August sales up 30% year-on-year to 370,854 passenger cars.

Sales of its battery-powered vehicles rose nearly 12%, while sales of hybrid vehicles jumped 48%, accounting for nearly two-thirds of BYD vehicles sold last month.

In contrast, some new energy vehicle startups saw deliveries fall last month.

Automatic Libest known for its range-extending vehicles, has reported 48,122 deliveries in August, down from a record 51,000 in July.

Aito, which uses Huawei technology, said it delivered 31,216 vehicles last month, down more than 10,000 from the previous month. Huawei is selling the Aito brand and patents to automakers. Seres for 2.5 billion yuan ($352.5 million).

Do not have said it had delivered 20,176 vehicles in Augustdown slightly from July but still above 20,000 for the fourth consecutive month.

The company’s low-cost Onvo brand opened 105 stores on Sunday as it prepares to start delivery of his first carL60 SUV, this month. Nio is scheduled to report earnings on Friday.

Xpeng reported 14,036 vehicles delivered in Augustbest month of the year so far

The company said on Friday it starts some deliveries of its newly launched mass market Mona M03 Electric Vehicle It’s unclear whether those M03 shipments count toward the total Xpeng reported.

Geely-supported Zeekr monthly increase report 18,015 deliveries in AugustBut that figure was down from 20,206 deliveries in June.

Zeekr said on Friday that it will Launch of the first SUV this month for less than $1,400 TeslaChina’s Model Y. The U.S.-listed Chinese company said it aims to distribute the SUV globally by the end of this year, but did not specify which countries or regions.

BYD said it sold 31,451 vehicles overseas last month, bringing its total for the year to 264,869 and up from the 242,765 it sold overseas for all of last year.

If BYD maintains its average monthly overseas sales pace through December, the company will sell nearly 400,000 vehicles outside China this year, according to CNBC calculations.

Xiaomi said it delivered more than 10,000 vehicles in August for the third consecutive month. In mid-July, CEO Lei Jun said the company aimed to deliver 100,000 SU7 electric cars by the end of November.

That means Xiaomi needs to deliver an average of at least 16,000 vehicles per month from August to November, according to CNBC calculations based on reported data.

The smartphone company started mass shipping the SU7 in April at a price of around $4,000 cheaper than Tesla’s Model 3.

—CNBC’s Sonia Heng contributed to this report.