BYD lost its EV crown to Tesla after just one quarter as China’s EV market slumps

Visitors checking out a BYD Sealion car during the 45th Bangkok International Motor Show at IMPACT Muang Thong in Bangkok.

 

 
 
 
Visitors checking out a BYD Sealion car during the 45th Bangkok International Motor Show at IMPACT Muang Thong in Bangkok.
Visitors checking out a BYD Sealion car during the 45th Bangkok International Motor Show at IMPACT Muang Thong in Bangkok.
PEERAPON BOONYAKIAT—SOPA IMAGES VIA GETTY IMAGES

The Chinese EV giant BYD only got to be the world’s top EV seller for a single quarter. On Tuesday, following the release of Tesla’s first-quarter deliveries, the U.S.-headquartered carmaker reclaimed its status as the world’s top seller of battery electric vehicles, after losing to the Warren Buffett–backed BYD at the end of last year. 

 

Arlene Sandy

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