China Business News reported that BYD Auto plans to release five new car models in 2010 and to sell 800,000 cars during the year, up from 400,000 units in 2009.
As per report BYD Auto plans to release five new car models in 2010 and to sell 800,000 cars during the year, up from 400,000 units in 2009.
According to Mr Paul Lin manager of the company's marketing department said that the new sales target is 100,000 units higher than the previous target of 700000 units. He attributed the upward revision to robust domestic demand following the Chinese government's CNY 4 trillion economic stimulus plan which includes several measures specifically aimed at boosting car sales.
BYD executives have previously asserted that the company aims to be a major global player by 2025, with vehicle sales of 8million to 9 million.
In November 2009, BYD sold 50650 cars up 132.6% from a year earlier. Sales in the first 11 months accelerated 150.2% to 388,246 units and year to date sales reached 400,000 units on December 5th 2009 achieving the company's sales target for the year. About two thirds of the company’s car sales were accounted for by the F3, which is China’s best-selling sedan model.