BYD profits decline 47% quarter-over-quarter in Q1 2024
Teslarati
APRIL 30, 2024
BYD’s profits declined by 47% in the first quarter of 2024 compared to Q4 2023. BYD sold more than 300,000 battery electric vehicles (BEVs) in the first quarter, down from 526,000 in the fourth quarter of 2024. For comparison, Tesla’s deliveries also declined in the first quarter by 8.5% year-over-year.
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