BYDDY - Warren Buffett-backed BYD reported record October sales growth of ~169% Y/Y

November, 03 2022 06:26 AM BYD Co Ltd ADR

Chinese EV maker BYD Company ( OTCPK:BYDDF ) announced on Thursday it sold 17,816 new energy vehicles (NEVs) in October, up 168.78% Y/Y from 81,040 units and up 8.23% from 201,259 units in September .
Of total sales, 217,518 units were passenger cars and 298 units were commercial vehicles.
Pure electric vehicle sales were 103,157 units, up 150.19% Y/Y.
The number of plug-in hybrid vehicles was 114,361, up 194.97% Y/Y.
The company sold 9,529 NEVs in overseas markets, up 23.18% M/M.
On YTD basis, the company's sales grew 233.92% Y/Y to 1,397,870 units.
Peers, Li Auto ( LI ) delivered 10,052 vehicles in October 2022, +31% Y/Y, XPEV ( XPEV ) delivered 5,101 Smart EVs in October 2022, -50% Y/Y and Nio ( NIO ) delivered 10,059 vehicles in October 2022, +31% Y/Y.
Last week, the company reported net sales growth of 115.6% Y/Y in Q3 and +350% Y/Y growth in net profit.
A quick look at the company's monthly sales trend:

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