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Thursday, May 9, 2024

Chinese EV maker BYD poised to dethrone Tesla

Company’s full-year volumes almost as much as in last five years combined

A BYD Seal is displayed at the Thailand International Motor Expo in Bangkok in late November. (Photo: Pattarapong Chatpattarasill)

The Chinese automaker BYD sold 526,409 fully electric vehicles in the fourth quarter, meaning Tesla will need a record showing to maintain its global market leadership when it releases sales figures later 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…

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