BYD Reports 43% Sales Decline in Q1, Tesla Regains Lead in EV Sales Race

Tuesday, 2 April 2024, 13:36

BYD, China's leading EV maker, experienced a 43% drop in sales during the first quarter of 2024, returning the crown of the world's largest EV seller to Tesla. Despite selling 300,114 EVs in Q1, a significant decline from the previous record-breaking quarter, BYD's sales were still 13.4% higher compared to the same period last year.

https://store.livarava.com/a9f77155-f107-11ee-8938-87cc5c87fb08.jpg — BYD Reports 43% Sales Decline in Q1, Tesla Regains Lead in EV Sales Race

BYD hands back top EV seller title to Tesla after Q1 sales decline

BEIJING (Reuters) -BYD, 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 the world's biggest EV seller to Tesla after winning it last year.

BYD sold 300,114 EVs in the first quarter of this year, it said in a filing to the Shenzhen Stock Exchange late on Monday, down from a record quarterly high of 526,409 units sold in the previous three-month period, when it surpassed Tesla. BYD's first-quarter sales were up 13.4% from a year ago.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

BYD hands back top EV seller title to Tesla after Q1 sales decline

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