Electric vehicle sales are recovering in China. That’s some good news for automotive investors 
starting a new month. Hybrids, however, are still outpacing all-electric vehicle sales. That can 
make the coming months tougher on all-electric EV giant Tesla .

On Sunday, Chinese EV leader BYD  reported sales numbers for May. The company delivered 
330,488 passenger vehicles, including 146,395 battery electric vehicles, or BEVs, and 184,093 
plug-in hybrid vehicles, or PHEVs.

Total vehicle deliveries grew 6% from April and 38% from a year ago. BEV sales grew 8% compared 
with April and 22% from a year ago. PHEV sales grew 4% compared with April and 54% from a year ago.

So far in 2024, BYD has sold 1,266,934 cars, up 27% compared with the same span of 2023. BEV sales 
totaled 580,974, up 19%. PHEV sales totaled 685,960, up 35%.