Warren Buffett backed company witnesses car low car sales

As per the trusted reports, an automaker from China, BYD, backed by Warren Buffett, sold a fewer, all-electric passenger car in the first six months of the year 2021, as compared to what it sold in the year 2019, during the same time period, before the pandemic.

The company stated that it sold around 20,016 car in June which accounts for a total of 93,440 electric car over the first half of the year. The figure was double to this one over a year ago. The number has fallen short of 95,779  as compared to the first six months of the year 2019.In the last month, BYD also sold 84 more hybrid-powered passenger car as compared to the all-electric ones, which is a contradiction to the trend that the company’s all-electric have been outselling the hybrid car.

As compared to the year ago, there has been a fall in the China’s passenger car vehicles by 14.9% since the previous year, as stated by the China Association of Automobile manufacturers on Monday. The vehicle sales are likely to be declined to 1.93 million units in June, which is a 16.3% decline as compared to the previous year, and down by 9.5% from the previous month.

However, the figures state that the China’s figures of electric have raised over the last two years. The company announced that they shipped 100 all-electric car to Norway and the first batch is set for its delivery by the end of 2021.