BYD Posts Record Sales Quarter to Challenge Tesla at Own EV Game

Chinese automaker BYD Co. sold 526,409 fully electric vehicles in the fourth quarter, meaning Tesla Inc. will need a record showing to maintain its No. 1 status when it unveils sales figures on Tuesday.

China’s best-selling car brand reported EV and hybrid sales of 340,178 in December — including 190,754 all-electric cars — aided by aggressive end-of-year discounting, according to an exchange filing Monday. In total, BYD sold 3.01 million units in 2023.

Read More: Tesla Loses World’s Most Popular EV-Maker Title to China’s BYD

BYD should find out within days whether it has sold enough cars to overtake Tesla ...