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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.
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