BYD to extend sales goal of 400,000 vehicles in 2009

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BYD have the sales that only European and American car manufacturers can only dream of right now, whilst other car companies are lowering their sales forecasts for 2009, BYD are eagerly turning theirs up along with production rates.

BYD are apparently aiming for sales of over 400,000 vehicles in 2009, more than double what they aimed for in 2008, showing that BYD do have the drive to sell good cars. BYD investor, Warren Buffet, recently made 1 billion USD from a 10% investment he made in BYD earlier this year, Buffet’s company, American Mid Western is reportedly eager to increase its share in BYD but BYD are currently in talks if to sell more stock to Buffets company.

In the first half of the year, 178,000 vehicles left BYD forecourts across China, which is an impressive 150% increase on sales over the same period a year earlier. The sales boost has been due to government tax cuts on sub 1.6l cars, such as the BYD F3 and F3R that have pushed almost 1.18 billion RMB income into BYD coffers over the past six months.