Sales from two of China’s fastest-growing electric vehicle suppliers – BYD & Xpeng – continued to grow this month, continuing a year-long surge and highlighting the massive EV demand in the world’s largest auto market.

Shenzhen-based BYD that builds vehicles along with batteries said on Sunday that the sales of its new energy vehicles have more than tripled in September 2021 to 71,099 compared to last year’s figure of 19,881. The Warren Buffet-backed company sold 337,579 EVs, which is an increase of 204.3% from a year earlier (via: Forbes).

Meanwhile, Alibaba-backed XPeng reported a 200% rise in its shipments to 10,412 units. They also gained 301% to 56,404 for the first nine months.

Xpeng recently even unveiled the X2 prototype autonomous flying car – a culmination of progressive, innovative efforts by the company to ultimately produce a safe driverless fifth-generation flying car that will be commercially viable.

China’s vehicle market has continued to change over the past few years with EV sales surging despite the drop in overall vehicle shipments. EVs accounted for approximately one-fifth of sales of 1.8 million motor vehicles in China in August, an increase even as overall vehicle shipments fell nearly 18% that month.

xpeng-g3-featured
Xpeng G3

It is worth mentioning here that BYD’s business is more diversified than its rivals. The company also makes handset components and photovoltaics for the likes of Dell, Apple, Xiaomi, and Huawei.

The Honor 50 series that was launched this year was assembled by none other than BYD Electronics. In other news, Samsung last month sold its $1.3 billion stake in BYD, in an odd move.

BYD Chairman Wang Chuanfu is worth $20.6 billion on the Forbes Real-Time Billionaires List today, while XPeng’s chairman He Xiaopeng is worth $6.2 billion.

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