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BYD enjoys blockbuster quarter as Tesla flounders
The Straits Times
|April 03, 2025
China's BYD enjoyed a strong start to 2025, with sales up 58 per cent in the first quarter versus the same period in 2024.
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HONG KONG -
The nation's best-selling auto brand delivered 371,419 passenger vehicles in March, bringing the total for the first three months of the year to 986,098 units, data released on April 1 showed. Of those, 416,388 were pure electric vehicles (EVs).
The numbers will likely be in stark contrast to US rival Tesla, which makes only EVs and whose first-quarter sales may be as low as 340,000, according to some analyst estimates, or possibly around the 377,000 mark.
This story is from the April 03, 2025 edition of The Straits Times.
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