Tesla Rival BYD Marks 68% Growth In November Sales Driven By Popularity Of Plug-In Hybrid EVs

Chinese EV giant BYD Co Ltd. (OTC:BYDDY) (OTC:BYDDF) said on Sunday that the company sold 506,804 new energy passenger vehicles in November, marking a jump of nearly 68% from last year, thanks to a major jump in plug-in hybrid passenger vehicle sales.

What Happened: Pure passenger EV (battery electric vehicle) sales of the Chinese player rose to 198,065 in November, marking a rise of 16.4% from the corresponding month of last year.

Plug-in hybrid passenger vehicle sales in the period rose 133% to 305,938 units.

The company also sold 2,801 commercial vehicles in November, including 449 buses.

Why It Matters: BYD is the biggest rival to American EV giant Tesla Inc. (NASDAQ:TSLA). The company took ...

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