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BYD: Sales in HK Reach 7,800 Units in 10M25; EV Penetration Rate Projected to Expedite Next Yr
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BYD COMPANY (01211.HK)'s SUVs priced between HKD300,000 and HKD400,000 are the most popular in Hong Kong, said Liu Xueliang, General Manager of the Asia Pacific Automobile Sales Division at BYD, according to media reports. In the first 10 months of this year, the company sold over 7,800 new cars in Hong Kong, capturing a market share of approximately 25%. He envisioned Hong Kong is one of the markets with the highest electric vehicle (EV) penetration rate, second only to Norway, and expected the rate to accelerate next year. He voiced hopes to bring the autonomous electric elevated vehicle "SkyShuttle" to Hong Kong and actively participate in the tender for the "Smart and Green Mass Transit System in Kai Tak" contract, which the Hong Kong government opened for bidding at the end of October. AASTOCKS Financial News Website: www.aastocks.com |
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