"BYD Surges in EV Market, Outselling Tesla with Record 3 Million Vehicles in 2023"
TL;DR Summary
China's BYD is poised to outpace Tesla in Q4 sales, marking a significant shift in the electric vehicle (EV) market. BYD reported selling 526,409 EVs in the fourth quarter, while Tesla is expected to report around 476,000. This would be the first time BYD has surpassed Tesla in quarterly deliveries, highlighting the increasing competition in the EV space and the growing market presence of Chinese automakers. Tesla's dominance is being challenged as it faces more rivals and has had to implement price cuts, though it is still on track to nearly meet its annual delivery goal. Tesla will report its Q4 deliveries on Tuesday morning.
- Tesla Q4 sales likely to fall short of China's BYD Business Insider
- China’s BYD Sold 3 Million Electric Vehicles and Hybrids in 2023 The New York Times
- Chinese EV giant BYD posts 62% jump in 2023 vehicle sales Reuters
- Tesla Rival BYD Seizes Electric Vehicle Crown; China's Li Auto, XPeng Set Records Investor's Business Daily
- BYD Posts Record Sales Quarter to Challenge Tesla at Own EV Game Bloomberg
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