TECH - BYD Set To Surpass Tesla In BEV Sales By 2024 As China Leads Global Market Growth: Report | Benzinga
BYD Co., Ltd. (OTC:BYDDY) is reportedly poised to significantly increase its market share in the battery electric vehicle (BEV) sector in 2024, surpassing Tesla, Inc. (NASDAQ:TSLA) in sales. This highlights the evolving dynamics of the global EV market.
According to a Counterpoint Research report, China continues to lead the BEV market, with projections indicating its sales will quadruple those of North America by 2024.
BYD reported a 21% increase in electric vehicle sales for the second quarter, selling 426,039 EVs from April to June.
Texas-based Tesla reported second-quarter deliveries that declined 4.8% to 443,956 vehicles from a year ago, although improving from the first ...