China’s Auto Companies’ Sales Results in July: BYD (01211.HK) Car Sales Soar Nearly 83%
New York, NY / TickerInsider / August 10, 2021 / The China Association of Automobile Manufacturers (CAAM) announced sales figures for July on Aug 10th, showing SAIC (600106.SH), GAC (600238.SH) and Changan (000625.SZ) among the top three, with sales of 352,546, 180,518 and 177,941 units respectively. SAIC fell 22.95 percent year-on-year, Guangzhou Auto fell 1.86 percent year-on-year, and only Changan maintained a 7.89 percent growth. BYD (01211.HK) However, the most fierce rise is still BYD (01211.HK), whose sales of 56,975 units in July, a year-on-year surge of 89.4 percent, became the largest sales increase of car companies. Its new energy vehicle sales of 50,057 units, accounting for 88% of total sales, soared 262.7% year-on-year. On specific models, BYD Han sold 8,522 units in July, with cumulative sales exceeding 100,000 units; BYD Tang sold 4,676 units, with cumulative sales exceeding 250,000 units; BYD Qin sold 19,032 units, with cumulative sales exceeding 370,000 units; BYD Song sold 14,425 units, with cumulative sales exceeding 940,000 units, including a 559.2 per cent year-on-year increase in Song DM. This year, due to the impact of chip shortage, SAIC and GAC two groups ...
