BYD sets sale goal of 1 mil­lion elec­tric ve­hi­cles

China Daily (Canada) - - NEWS CAPSULE -

BYD Co Ltd, a ma­jor Chi­nese new-en­ergy ve­hi­cle man­u­fac­turer, said it plans to sell 1 mil­lion elec­tric ve­hi­cles by 2020.

“I see no rea­son why de­mand is not grow­ing. With the fall­ing price of elec­tric cars and charg­ing in­fra­struc­ture in place, there will be more buy­ers choos­ing the green path,” said Wang Chuanfu, the com­pany’s founder and chair­man.

Wang said it marked a mile­stone for the mar­ket of elec­tric cars in 2015 when 300,000 were sold. He pre­dicted the fig­ure will reach 30 per­cent by 2025 be­cause of the grow­ing in­ter­est from Chi­nese con­sumers.

The Shen­zhen-based car­maker sold about 62,000 elec­tric ve­hi­cles last year, an in­crease of more than 200 per­cent year-on-year.

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