BYD’s electric bus business is growing at an healthy rate. Geely’s EVs lag their more traditional counterparts – but are gaining ground.
The growing take-up of electric vehicles in China has again been reflected in sales figures for October released by two Hong Kong listed manufacturers, although there is still some way to go to catch internal combustion engine models.
Geely Auto and BYD, which both offer EVs – known as New Energy and Electric Vehicles, or NEEVs, in China – among their product range.
Hangzhou-based Geely, which includes the Lotus, Proton and Volvo marques in its stable – as well as manufacturing London’s black cabs – says that of the 128,986 units it sold last month, 8,101 were NEEVs.
Geely said its Emgrand EV, Borui GE PHEV – plug-in hybrid EV – and mild hybrid model the Borui GE MHEV, accounted for 74% of its NEEV output last month, without specifying what proportion the less environmentally friendly MHEV model represented.
BYD belts along
EV rival BYD said NEEVs made up more than half of its October output, accounting for 27,667 of the 48,497 vehicles it sold, with 1,601 commercial NEEVs also in the mix.
That represented a rising share of electric vehicles, with 171,085 private NEEVs and 9,682 commercial models among the 400,608 autos sold by BYD in the year to the end of October.
In the first ten months of the year, BYD says it has sold 66,911 BEVs, 94,492 PHEVs and 9,301 electric buses.
Source PV Magazine