Tesla overtook BYD in the first quarter and regained the global electric vehicle sales crown

Global Market Report 03/04/2024 08:57

According to Tesla According to the first quarter car delivery data released, the company overtook BYD in the first quarter and once again became the world's largest seller of electric vehicles.

Tesla announced on Tuesday that it delivered 386,810 vehicles in the first quarter of this year, a decrease of 20.16% from the previous quarter and far lower than the average analyst estimate of 477,000 vehicles.

Although this figure is disappointing, it still exceeds BYD's sales in the same period. BYD announced on Monday that it sold 300,114 pure electric vehicles in the first quarter, a 43% decrease from the previous quarter.

In the fourth quarter of last year, BYD once surpassed Tesla and became the world's largest pure electric vehicle manufacturer. At that time, BYD sold 526,000 pure electric vehicles, surpassing Tesla's 484,500 vehicles.