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BYD's record EV sales to challenge Tesla
Mint Mumbai
|January 02, 2024
сhinese automaker BYD Co. sold 526,409 fully electric vehicles in the fourth quarter, meaning Tesla Inc. will need a record showing to maintain its No. 1 status when it unveils sales figures on Tuesday.
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China's best-selling car brand reported EV and hybrid sales of 340,178 in December including 190,754 all-electric cars aided by aggressive end-of-year discounting, according to an exchange filing Monday.
In total, BYD sold 3.01 million units in 2023.
BYD should find out within days whether it has sold enough cars to overtake Tesla for the first time on a quarterly basis to become the world's biggest seller of fully electric EVS.
Analysts tracking Elon Musk's Tesla expect it to shift around 483,200 units, according to estimates compiled by Bloomberg.
This story is from the January 02, 2024 edition of Mint Mumbai.
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