The Qin, the plug-in hybrid electric car from BYD Co. Ltd. (01211.HK), should hold on to top spot as China’s best-selling new-energy car for a fourth month in a row in April with sales of 910 units, according to Liu Xueliang, general manager of BYD’s Asia-Pacific auto sales division.
“A conservative estimate of Qin’s sales for this year is 10,000, given that we sold 3,294 units in the first four months and received new orders for 7,000 units,” Liu said Thursday.
BYD chairman Wang Chuanfu had said the company aimed to sell 20,000 electric cars in total this year.
While central and local government subsidies have driven sales of the vehicles on the mainland, Liu said problems with charging infrastructure still hinder uptake in Hong Kong.
For example, after BYD introduced an e-taxi line in the city a year ago, Hong Kong’s 12 charging stations are still barely enough to meet the needs of the 46 e-taxis on the street.
Wong chung-keung, president of the Hong Kong Taxi and Public Light Bus Association, said the government should build more infrastructure for e-vehicles.
“If the number of electric taxis increases, the existing charging infrastructure may not be able to handle it,” Wong said.
Liu also said the company’s expansion in North American market will take off with the production late last month of the first two electric buses at its California plant. India is also a promising market for BYD.
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