(BRK.A), (BRK.B)
BYD, the Chinese automobile manufacturer backed by Berkshire Hathaway, continues to shatter sales records with its remarkable performance in the market. The company achieved a significant milestone in June, surpassing its previous sales record of 240,220 units, which was accomplished in May. The figures speak volumes about BYD’s unwavering success in the competitive automotive industry.
During the month of June alone, BYD sold an impressive total of 253,046 new energy vehicles, a 5.3% increase over its May sales volume. Furthermore, the year-to-date sales for BYD have reached an impressive figure of almost 1,2 million units, almost double the 641,350 units sold during the first six months of 2022. This remarkable growth signifies the company’s ability to consistently deliver high-quality vehicles that cater to the evolving needs and preferences of the modern consumer.
BYD’s success can be attributed to its commitment to technological advancements and sustainability. The company has been at the forefront of the new energy vehicle revolution, leveraging its expertise in battery technology and electric powertrains to develop popular vehicles that are both environmentally friendly and performance-oriented.
© 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.