Meanwhile, Shenzhen-based BYD’s quarterly sales, estimated from monthly data, increased by 98% year-on-year.
The surge marked a recovery from his first three-month slump this year. The best quarter so far was the last three months of 2022, and the company sold 251,685 new energy vehicles in June, a record high.
Meanwhile, Li Auto Inc. The small Chinese manufacturer posted a new monthly shipment record of 32,575 units. And Nio Co., Ltd. experienced a modest increase.
Guangzhou Automobile Group Co., Ltd., Aion’s EV brand, stood out for its strong monthly sales with 45,013 deliveries.
Despite headwinds from China’s economy, “June sales numbers show demand for new energy vehicles remains very strong,” said Joanna Cheng, an automotive and EV battery analyst at Bloomberg Intelligence. said.
