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The phrase "set new records" is correct and commonly used in written English.
It means to achieve or create something that has never been done before and establish a new record or achievement. Example: The athlete's incredible performance at the Olympic Games set new records for the fastest time in history. In this sentence, "set new records" is used to describe the athlete achieving something that has never been done before and creating a new record for the event.
Exact(60)
In recent weeks, with a poor monsoon, New Delhi has set new records for energy demand.
Other markets with more varied constituents – notably America's S&P 500 and Germany's Dax – continued to set new records and defy bad news.
Nearly every weather station set new records.
"We set new records in sales of Macs and iPhones.
Online retailers also set new records in America.
Instead, it continues to set new records, month after month.
Texas, which is an electrical island in its grid operation, also set new records.
Anyway, two new ones, from Sony and Olympus, set new records for speed and photo quality.
In two fields, however, English postwar children's literature set new records.
That has become increasingly important as players strive to set new records.
Burri was one of six artists to set new records at auction.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com