XPEV - BYD Nio Li and XPeng Report Deliveries Rose In March | Benzinga
Back in 1995, BYD Company Limited (OTC: BYDDY) was a battery manufacturer. Today, BYD is China’s leading EV seller who even stole the quarterly crown of the EV king, Tesla Inc (NASDAQ: TSLA) during the last three months of 2023 as it became the world’s largest EV seller. The rise of BYD, as well as of startups, XPeng Inc (NYSE: XPEV), Li Auto Inc (NASDAQ: LI) and Nio Inc (NYSE: NIO) is a reflection of China’s growing dominance on the EV front.
March data
During the first quarter, BYD sold 626,263 new-energy vehicles which represents a 13% YoY rise. This figure includes roughly 300,114 EVs and about 324,000 plug-ins.
On Monday, the Tesla rival revealed that after slipping during the first two months of 2024, sales rose 46%. Moreover, BYD also reported ...