BYD Batters Tesla In China EV Market: Barron's Daily

BYD delivered about 700,000 electrified vehicles in the second quarter of 2023, almost double the amount from a year ago, Al Root reported for Barron’s Daily.

Photo Insert: The Chinese automaker’s impressive month and quarter of growth bested Tesla, which also put up its own impressive numbers for the second quarter of 2023.

The Chinese automaker’s impressive month and quarter of growth bested Tesla, which also put up its own impressive numbers for the second quarter of 2023, he added.

Tesla has cut prices starting in China since late last year, eroding its first-quarter margins, Reuters also reported.

Tesla boss Elon Musk in April doubled down on the price war, saying the electric vehicle (EV) maker would prioritize sales growth ahead of profit in a weak economy and rising competition.

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