BYD sold 145,653 so-called new energy vehicles between January and June, up 95% from a year earlier. It also sold 82,419 gasoline models, down 45%, the report said.
Revenue rose 15% to 62.18 billion yuan from 54.15 billion.
China’s Association of Automobile Manufacturers has trimmed its forecast rise for NEV sales this year to 1.5 million from 1.6 million.
BYD will launch models such as e2, e3 and a revamped Qin in the second half of this year, and expects the new models will further drive sales growth and support the leading position of the group in the industry, the filing said.
This is the American publication’s annual ranking of companies seen as using the creative tools of business to help the planet and tackle society’s unmet needs.
“BYD began life as a manufacturer of cellphone batteries and didn’t make its first car until 2003. However, for three years, it has been the world’s largest maker of vehicles that run partly or wholly on electricity,” Fortune Magazine’s editors wrote on its website.
“The Chinese company’s development of a flexible ‘e-platform’ for EV design and construction has been key to its success. A basic BYD model sells for a mere $8,500 or so after subsidies, [becoming] a key factor in evangelizing EVs more widely. And a recently-announced joint venture with Japan’s Toyota Motors should expand BYD’s global footprint.”