Shanghai (Gasgoo)- Toyota’s luxury brand Lexus reported a year-on-year sales jump of 11.2% with 16,324 vehicles sold in China in October. The sales for the first ten months totaled 160,914 units, an increase of 21.5% from the prior-year period.
Of that, 5,690 HEVs were sold in Oct., accounting for 34.9% of the total monthly sales. The luxury brand’s HEV year-to-date sales in the world’s largest auto market stood at 53,755 units, surging 33.4% year on year.
The LF-30 Electrified, the first all-electric concept vehicle from Lexus, made its debut at the 2019 Tokyo Motor Show and the brand is expected to launch its first BEV model soon.
The premium brand plans to build an exclusive platform for BEV within five years and offer electric version for all its models by the end of 2025. Lexus expects to sell more BEVs than the traditional models.
Lexus has been reaping an excellent sales performance in China in recent years. It has maintained steady sales growth since its entering into the Chinese market with an overall sales volume exceeding 1 million units.
In 2018, the luxury brand’s China sales amounted to 160,500 units, surging 21% over the previous year, despite China’s first-time sales downturn in nearly thirty years (photo source: Lexus).
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