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China’s BYD Ends Production, Sales of Petrol Vehicles – Xinhua


BYD
The acquisitions would give BYD access to more than 25 million tonnes of lithium oxide, The Paper reported. Photo: BYD.

 

Chinese auto manufacturer BYD announced that it has ceased the production of traditional petrol-powered vehicles starting March, Xinhua reported.

In the future, BYD’s auto business will focus on pure electric vehicles (EVs) and plug-in hybrid EVs, said the Chinese leading new-energy vehicle manufacturer, adding that it will continue to offer existing customers of petrol vehicles improved service and after-sales support, as well as the supply of spare parts throughout the life cycle.

 

Read the full report: Xinhua

 

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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