Transportation
Geely Extends Lead Over BYD With Biggest Sales Gap Since 2022
Geely’s growing lead over BYD shows that a major restructuring to streamline its brands is bearing fruit.
Photographer: Qilai Shen/BloombergChinese automaker Geely Automobile Holdings Ltd. sold more vehicles than BYD Co. for a second consecutive month, piling pressure on the latter to beef up its lineup and reignite waning demand for electric vehicles.
In the first two months of this year, Geely delivered about 76,000 units more than BYD, which saw a 36% slump in the period, according to company filings. The last time Geely, founded by billionaire Li Shufu had more shipments than BYD for at least two consecutive months was in 2022.