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China’s BYD Has 400,000 EV Orders Backlog – Cailian 

BYD’s Han DM-i model is expected to sell more than 30,000 units per month, while price rises of raw material prices are slowing down


Fitch says electric vehicles will continue to see strong growth next year and they could take over a third of all car sales.
China's BYD has become the world's leading electric vehicle company in terms of sales. Photo: BYD.

 

Chinese electric vehicle maker BYD‘s cumulative order backlog has reached 400,000 units and is still increasing month by month, Cailian reported, citing minutes of an investor meeting.

BYD’s Han DM-i model is expected to sell more than 30,000 units per month, while price rises of raw material prices are slowing down. If the price of lithium carbonate remains at the current price, it will not have much impact, the minutes show.

 

Read the full report: Cailian.

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.