Berkshire Hathaway-Backed BYD’s Sales Hits New All-Time High in August


Berkshire Hathaway-backed BYD’s plug-in EV sales reached a new high for the fourth straight month. The company’s sales for August totaled 274,086 units (up 57.5% year-over-year).

Year to date, BYD has sold 1.78 million passenger plug-in EVs, up 83 percent from the same period in 2022.

The company also set a sales record for exported vehicles, with 25,023 BYD plug-ins exported.

BYD’s EV sales year-to-date:

BEVs: 897,220 +84% (year-over-year)
PHEVs: 886,132 (+82% year-over-year)
Total: 1,783,352 (+83% year-over-year)

BYD is on track to sell more than 3 million EVs in 2023.

© 2023 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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