She said BYD, the largest electric vehicle manufacturer in ChinaAs of last month, it stopped the manufacture of internal combustion engine cars (conventional fuel cars), and is now producing electric and fully electric hybrid cars only.
“In the future, BYD will focus on hybrid and pure electric vehicles in the automotive sector,” the company said in a statement to the Hong Kong Stock Exchange earlier this week.
BYD will not stop making gasoline engines entirely, as smaller, more efficient engines will continue to be used in plug-in hybrid cars.
The move comes in response to Beijing’s pledge to promote the transition to green energy to reduce carbon emissions to the lowest level by 2030.
BYD is one of six car manufacturers, including Volvo, Ford, General Motors, Mercedes-Benz and Jaguar Land Rover, who have signed up to a global campaign to phase out internal combustion engine vehicles. by 2040.
BYD sold 104,878 new energy vehicles in March, compared to only 24,218 units in the same month last year, marking its highest monthly sales ever.
Last month’s sales included 53,664 pure electric cars, 50,674 electric hybrid cars, and 540 electric trucks.
BYD’s sales are compared with Tesla during the first quarter of this year, in which it achieved a record number of more than 360,000 cars, which reduces the difference between the two companies significantly if BYD continues to develop at these growth rates.
The company also pledged in the statement that it will continue to provide comprehensive services and supplies of spare parts throughout the lifecycle to existing fuel vehicle customers.
