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BYD Sales Surge Narrows Gap with Tesla in Electric Vehicle Market

share-iconThursday, January 02 comment-icon2 weeks ago 5 views
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bbcBBC
BYD Sales Surge Narrows Gap with Tesla in Electric Vehicle Market

Credited from: BBC

  • Record Sales: BYD reported a remarkable 207,734 EVs sold in December, bringing its annual total to 1.76 million.
  • Narrowing Gap: The company is competing closely with Tesla, which remains the top EV seller, though BYD is reducing the sales gap.
  • Growth Factors: Sales climbed over 41% year-on-year, driven by hybrid models and supportive government subsidies.
  • Market Dynamics: BYD primarily operates in China, where it continues to outpace foreign competitors like Volkswagen and Toyota.
  • Global Challenges: Despite growth, BYD faces trade barriers in major markets, including the EU and the US, impacting its international expansion.

Read more about this in the original article here.

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Gloria Terra

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