China's BYD posts 21% jump in quarterly EV sales, closes gap with Tesla

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BEIJING: China's BYD posted a 21 per cent rise in second-quarter electric vehicle sales, closing the gap with Tesla after handing back the world's top EV vendor title to the US rival in the first quarter.

It warned in January that deliveries growth in 2024 would be "notably lower" as a boost from months-long price cuts wanes.

BYD sold 426,039 EVs in the April-June quarter, according to Reuters' calculations based on its monthly sales reports.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaItalyUnited States

Topics: Cent Tesla Vehicles 2024 Demand Sales Vehicle Quarter Deliveries China Growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-02 @ 17:41:52 (4 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21459705

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