Chinese automaker BYD reported strong electric vehicle (EV) sales

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Chinese automaker BYD reported strong electric vehicle (EV) sales in February, with the delivery of 88,283 vehicles, a more than a sevenfold increase from the same period in 2021.

The Warren Buffett-backed auto giant is accelerating its shift to green energy vehicles, selling just 2,795 gasoline cars last month, a yearly decrease of about 74%.

By comparison, fellow auto giant SAIC on Thursday posted EV sales of 45,267 units in February, up 48.42% from last year.

China’s NEV market has been seeing a strong rebound since last year, with sales nearly tripling to 2.51 million passenger EVs for the first 11 months of 2021, according to figures released by the China Passenger Car Association.

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