Electric Vehicles
BYD Enjoys Yet Another Blockbuster Quarter as Tesla Flounders
BYD’s shares are up around 45% this year.
Photographer: Toru Hanai/BloombergThis article is for subscribers only.
China’s BYD Co. enjoyed a strong start to 2025, with sales up 58% in the first quarter versus the same period of last year.
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 Tuesday show. Of those, 416,388 were pure electric vehicles. BYD stopped making combustion engine cars in 2022 and now only produces EVs and hybrids.