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Buffett-backed BYD stops making oil-fuelled cars in complete shift to new-energy vehicles
REEI 2022/04/05

China’s largest new-energy vehicle (NEV) maker BYD said it stopped producing purely oil-fuelled vehicles last month and currently only makes electric and hybrid cars, as the country pushes towards its national goal of reducing carbon emissions.

“The company will focus on the businesses of battery electric vehicles and plug-in hybrid electric vehicles,” BYD said in a filing to the Hong Kong stock exchange on Sunday.

The company promised to continue to produce and supply the components of its oil-fuelled vehicles to meet the needs of existing owners.








Guest post from South China Morning Post