TSLA - Tesla Rival BYD's EV Sales Jump 21% In Q2: Details | Benzinga
Chinese electric vehicle manufacturer BYD Company (OTC:BYDDY) reported a 21% increase in electric vehicle sales for the second quarter.
BYD sold 426,039 EVs from April to June, approximately 12,000 units fewer than Tesla, Inc‘s (NASDAQ:TSLA) estimated deliveries, reported Reuters.
Tesla is anticipated to announce a 6% decline in second-quarter deliveries, marking the first consecutive quarterly drop as it grapples with fierce competition in China and tepid demand for its older models, the report noted.
BYD had earlier reported a jump in passenger vehicle sales for ...