Chinese electric vehicle manufacturer BYD Company Limited (OTC:BYDDY) reported Sunday deliveries that more than tripled from a year ago.
The Shenzhen-based EV maker delivered 69,544 battery EVs in June, up over 240% from the 20,016 units sold in the year-ago period. In May, the company sold 53,349 vehicles.
Additionally, the company sold 64,218 plug-in hybrids, taking its total new-energy vehicle sales to 133,762.
Warren Buffett-backed BYD weathered the China COVID-19 lockdowns fairly well and reported solid sales even in April, a month, in which the pandemic resurgence was at its peak in China.
Related Link: Tesla AI Job Cuts, Nio Stung By Short Report, Ford’s F-150 Lightning Recall, Faraday Future The New Meme Stock In Town: Week’s Top News From EV Industry
BYD’s domestic rivals Nio, Inc. (NYSE:NIO), XPeng, Inc. (NYSE:XPEV) and Li Auto, Inc. (NASDAQ:LI) also reported a pick up in the pace of deliveries in June.
EV giant Tesla, Inc. (NASDAQ:TSLA) reported on Saturday a quarter-over-quarter decline in its global deliveries, with the company blaming the predicament on supply chain issues and lockdowns.
Meanwhile, BYD produced 68,195 BEVs and 66,302 plug-in hybrids in June, the company said.
The company, which also manufactures EV batteries, said its installed battery capacity was at 6.859 gigawatt-hour in June.
U.S.-listed ADRs of BYD closed Friday’s session down 0.94% at $79.72, according to Benzinga Pro data.
Photo: Courtesy of Claudio Núñez on Flickr