For a better experience please change your browser to CHROME, FIREFOX, OPERA or Internet Explorer.
China’s BYD ends combustion engine cars to focus on electric

China’s BYD ends combustion engine cars to focus on electric


Author of the article:

Fischtankboot Reuters

BEIJING — China’s largest electric vehicle (EV) maker BYD Co Ltd said that as of last month it stopped making combustion engine vehicles and now produces electric and hybrid cars only.

“In the future, BYD will focus on pure electric and plug-in hybrids in the automobile sector,” the company said in a statement filed to the Hong Kong Stock Exchange on Sunday.

BYD’s move is in response to Beijing’s pledge to boost green energy consumption to bring carbon emissions to a peak by 2030.

Advertisement 2

BYD is among six carmakers – the others being Volvo, Ford, General Motors, Mercedes-Benz and Jaguar Land Rover – to have signed up to a global campaign to phase out combustion engine vehicles by 2040.

BYD sold 104,878 units of new energy vehicles (NEV) in March, surging from just 24,218 units in the same month a year earlier, and marking its highest monthly sales ever. Last month’s sales comprised 53,664 pure EV and 50,674 plug-in hybrid cars and 540 commercial NEV cars.

The company also said in the statement that it will continue providing comprehensive services and supplies of spare parts throughout the life cycle to existing fuel vehicle customers.

(Reporting by Muyu Xu and Norihiko Shirouzu; Editing by Susan Fenton)

Fischtankboot Top Stories Newsletter logo

Financial Post Top Stories

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Read More

Comments (24)

  1. [url=https://premarin.top/]premarin dosage for hot flashes[/url]

  2. [url=https://diazepamvalium.online/]t order valium for dogs[/url]

  3. [url=https://diazepamvalium.online/]is there an over the counter valium[/url]

  4. [url=https://xanaxalprazolam.online/]cost of xanax[/url]

  5. [url=https://xanaxalprazolam.online/]alprazolam online pharmacy[/url]

  6. [url=https://xanaxalprazolam.online/]alprazolam for human[/url]

  7. [url=https://accutaneon.online/]accutane india buy[/url]

  8. [url=https://accutaneon.online/]accutane cost generic[/url]

  9. [url=https://buymolnupiravir.online/]molnupiravir 400[/url]

  10. электрический штабелер

  11. электрический штабелер

leave your comment

Your email address will not be published.