Reuters
BYD, China's biggest electric vehicle (EV) maker, reported first quarter 2024 sales fell 43% compared to the fourth quarter of 2023, which may mean it will hand back the title of world's biggest EV seller to Tesla after winning it last year. BYD sold 300,114 EVs in the first quarter of this year, it said in a filing to the Shenzhen Stock Exchange late on Monday, down 43% from a record quarterly high of 526,409 units sold in the previous three-month period, when it surpassed Tesla. But, the quarterly drop may mean Tesla will take back the sales title, based on forecasts for record sales of 458,500 vehicles in the quarter to March 31, per analysts polled by Visible Alpha.