BYD quadruples profits in 2016 thanks to the sale of electrical

Market leaders in regard to electrical registrations are neither Tesla Motors, and Nissan, and BMW, but the Chinese company BYD. Taking advantage of the first awakenings of the electric car market in China, BYD has sold so far this year to 53,380 plug-in units globally, 20,000 more than Nissan or Tesla.


With this result, the accounts seem to start squaring for the manufacturer and thus advance in the difficult, for much impossible task of making profits from the sale of plug-in electric cars. As indicated by the company, these would have increased almost fourfold over the same period last year.

The most interesting is that the company revenues come largely from the sale of cigars or plug-in hybrid electric cars. Thus, if the company entered about 3.14 billion euros, 2.06 billion corresponded to plug car sales, helping to increase the benefits. Thus, BYD may become the pioneer manufacturer dismantling the myth that investing in large-scale electric mobility is not beneficial.

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