BYD, China’s biggest electric vehicle (EV) maker, reported first quarter 2024 sales fell 43 per cent compared to the fourth quarter of 2023, handing back the title of 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 per cent from a year ago.
