BYD will lose its crown as the world's largest producer of EVs to Tesla this quarter
The brand's sales fell off a cliff in February with just 121,748 vehicles sold. BYD was the world leader in EV sales in the fourth quarter of 2023 but demand for its models has decreased. Carmaker's Song was its best-selling vehicle last month. After struggling through a difficult February, BYD has reported the second-best month of sales for its plug-in ‘new energy vehicles,’ shifting 301,631 units during March.
Of the 301,631 vehicles it sold, 139,902 were battery-electric vehicles while the remaining 161,729 were PHEVs, a 56% increase from March 2023. The carmaker also sold 828 commercial electric vehicles in March and exported 38,434 vehicles, a new monthly record. In Q4 2023, BYD overtook Tesla as the best-selling brand of battery-electric vehicles but it will not hold on to its narrow lead through Q1 2024.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla reclaims EV sales crown from BYD despite huge shortfallTesla delivered around 63,000 fewer cars than expected last quarter, but still outpaced Chinese rival BYD
Read more »
BYD may hand back top EV seller title to Tesla after Q1 sales declineBYD may hand back top EV seller title to Tesla after Q1 sales decline
Read more »
BYD hands back top EV seller title to Tesla after Q1 sales declineBYD, China's biggest electric vehicle (EV) maker, reported first quarter 2024 sales fell 43% compared to the fourth quarter of 2023, handing back the title of world's biggest EV seller to Tesla after winning it last year.
Read more »
How BYD grew from battery maker to electric vehicle juggernaut, overtaking TeslaWarren Buffet-backed BYD recently became the world’s top EV maker, and has ambitious plans to win over foreign markets with its cost-competitive cars.
Read more »
BYD Expects To Increase Plug-In Car Sales By Over 20% In 2024After the spectacular sales success in 2023, BYD is pushing hard to further increase its plug-in electric car sales both in China and overseas.
Read more »
BYD Global Plug-In Car Sales Exceeded 300,000 In March 2024After a weak February, BYD returned to form in March and set a very strong plug-in electric car sales result—its second best ever.
Read more »