Chinese EV maker BYD Company (OTCPK:BYDDF) sold a record 201,259 new energy vehicles in September up ~184% Y/Y, after selling 174,915 in August and 162,530 in July.
Sales of pure electric vehicles up 161.5% Y/Y to 94,941 units and plug-in hybrid vehicles up 214.49% Y/Y to 106,032 units.
For Q3, BYD sold 538,704 NEVs, up 194% vs. a year earlier and surging from 355,021 in Q2.
New energy vehicles include all-electric vehicles, plug-in hybrids and hydrogen fuel-cell vehicles.
From January to September, BYD's cumulative NEV sales were 1,180,054 units, up 249.56 percent from 337,579 units in the same period last year.
In another release, the company announced that currently it has a backlog of 700,000 orders, and the current waiting time for consumers who place orders now is 4-5 months.
In April, BYD shifted to producing only hybrid and electric vehicles, ditching cars that run only on gas or diesel. In addition, BYD plans to supply Tesla with EV batteries.