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BYD Lifts Annual Sales Target to 4 Million EVs, Plug-in Hybrids

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BYD Lifts Annual Sales Target to 4 Million EVs, Plug-in Hybrids


Chinese electric-vehicle maker BYD Co. has raised its annual sales forecast thanks to a surge in purchases of plug-in hybrid vehicles.

The Shenzhen-based EV giant has lifted its annual target to 4 million units, Morgan Stanley auto analysts led by Tim Hsiao wrote in a note Monday, citing comments from BYD’s management. That compares to the company’s previous guidance of approximately 3.6 million.



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