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Sunday, May 5, 2024

Chinese EVs smash monthly sales records

Shenzhen-based BYD, the world’s largest EV builder, delivered 262,161 units in July, up 3.6 per cent from a month earlier. It broke the monthly sales record for a third straight month. (Photo: Xinhua)

Three of China’s top electric vehicle (EV) start-ups reported record monthly sales in July, as a release of pent-up demand in the world’s largest market for battery powered cars continues.

The strong sales, which follow a price war in the first half of 2023 that failed to spark demand, have helped put the country’s electric car sector back on the fast track, and are likely to offer the slowing national economy a…

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