Hyperdrive
BYD Posts Record Sales Quarter to Challenge Tesla at Own EV Game
- Chinese firm sold 526,409 fully electric cars in final quarter
- Tesla’s fourth-quarter sales should come Tuesday in the US
BYD Co. electric vehicles at the company's showroom in Mexico City.
Photographer: Mariceu Erthal/BloombergThis article is for subscribers only.
Chinese 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.
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.