BYD Sells Record Half a Million Plug-In Cars in Blowout Month [Yahoo! Finance Canada]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: Yahoo! Finance Canada
(Bloomberg) -- BYD Co. kicked off the final quarter of the year with record monthly sales, continuing its strong performance in what is typically a peak season for auto purchases in China. Most Read from Bloomberg The manufacturer's global passenger-car sales jumped 66% to a record 500,526 units in October, it said Friday. While BYD reached the half-million milestone earlier than expected, Western manufacturers including Volkswagen AG are struggling in the world's biggest auto market. Demand for BYD's plug-in hybrids was strongest, reaching 310,912 deliveries, with the remainder fully electric models. Some of the company's newer hybrids come with upgraded powertrains that allow for more than 2,000 kilometers (1,243 miles) of range. Volkswagen, Mercedes-Benz Group AG and Stellantis NV are among legacy automakers struggling in China. The country has been a major profit driver for Western brands that are now witnessing sales of combustion-engine cars shift to domestic electric m
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