BYD electrified vehicles sales look to be going strong as the company’s second-generation Dual-Mode, Plug-in Hybrid Electric sedan, the BYD QIN (pronounced “cheen”), has set a second record month of sales in February.
Trends in March now make it “China’s Best-Selling Electric Vehicle” according to China’s National Passenger Car Association (NPCA).
After its launch in China this past December, BYD stated the QIN has been selling at record numbers with the Chinese company had had trouble meeting demand. In the first weeks of 2014, more than 6,000 vehicles were sold accounting for over half of the Chinese new-energy vehicle market.
Analysts and the NPCA are not expecting sales to slow down any time soon as both Shanghai and Beijing announced earlier this month that they will now permit BYD new energy vehicles to qualify for local municipality green-vehicle incentives and be licensed in those regions.
BYD said these signals along with the Chinese government’s new fund committed for clean-air and fuel-efficient technologies in the form of consumer and government purchasing incentives are launching a new era in the China domestic automobile industry.
According to BYD, the QIN consumes 1.6 liters of fuel for every 62 miles (147 MPG) and accelerates 0-100 km/h (62 mph) in 5.9 seconds.
BYD added the QIN is the first of BYD’s super-electric vehicles launched as the electric version of the S7-styled SUV internally named the Tang (pronounced “Tah-ng”) is set to be released later this year.
BYD said the QIN is currently available to domestic Chinese and Latin American markets.