BYD’s new energy car sales grow by 291.11%

Electric vehicle maker BYD sold 28,668 new energy vehicles in January, up by 291.11 percent from the same period last year, according to data posted on the company’s website. The surge was fueled by strong growth in the blade electric vehicle sector, which rocketed from 42 units to 16,219 units compared with the same period last year. The overall car sales of the company grew by 3.74 percent, with 43,920 units sold in the month, according to the data. In late January, BYD issued 1 billion yuan ($146.9 million) in green bonds to finance its green industry projects, including new energy vehicle factories, parts and battery plants and monorail business.