BYD sales for March are out.
Total sales. 46.825
total NEV 30.075
of which BEV: 21.308
The last two months BYD sales represented 30% of total China NEV sales. On that basis total NEV sales in China for March should come in around 100.000 units representing a healthy 70% YoY growth rate.
With the average size of batteries rising (due to change in subsidies and a continued change in mix from PHEV to BEV) the installed battery capacity grows even stronger than the sales.Good times ahead.
http://www.byd.com/en/InvestorNotice.html
re:Lithium demand surge, page-1805
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