and hybrid vehicles. even as the competition is revving up, it is worth noting in terms of overall deliveries in 2023, tesla still has byd beat. however, the chinese ev maker could keep momentum, especially with government incentives like tax breaks. that is according to ray wang from constellation research consultancy, who i spoke to earlier. it is actually amazing to see ev demand is still that strong and i think it is wonderful for byd hitting 529,409 vehicles in 04. that puts them on target at about 1.6 million for the year. that is an important figure because they are accelerating their units and their growth but it s also not to say tesla did do poorly because tesla actually hit 1.8 million for the year. on a yearly basis, tesla came out ahead but the byd showing a lot of momentum and growth, especially coming out of 2023. so, going into this new year, how do you see it moving forward? how much profit does byd actually make from sales,
are the closest estimation to its sales figures. 0ur north american business correspondent reports. byd calls itself the biggest car brand you have never heard of. but that may be about to change. the chinese automaker sold more battery powered electric vehicles in the last three months of the year than tesla did. that is a first. the american company is facing headwinds. higher borrowing costs in the us led to slowing demand but its lesser known chinese rival is enjoying tail winds, including a massive domestic market, cheap labour, and strong government support. and unlike tesla, byd makes its own batteries. so controlling that part of the supply chain gives byd more flexibility to cut prices, which it did in the last part of the year, sending sales spiking. as my colleague has just reported, tesla s latest number puts byd ahead of the curve. the chinese ev maker reported around 3 million in sales last year but that number comprises both electric cars
the battle for top spot in the electric car sector heats up, as chinese car maker byd outpaces tesla in sales for the first time. plus, will taking drugs in tiny doses make you more efficient at work? we take a look at some of the worries around this trend in the us. hello and welcome to asia business report. i m steve lai. our top story this hour begins with byd. the chinese ev maker has officially overtaken the american giant tesla in total fourth quarter sales. tesla s record deliveries of more than 480,000 vehicles in the last three months of the year wasn t enough to cement its position in the top spot. the company s deliveries
but even as the competition us revving up, it s worth noting that in terms of overall deliveries in 2023, tesla still has byd beat. however, the chinese ev maker s could keep the momentum, especially with government incentives like tax breaks. that s according to ray wang from the constellation research consultancy, whom i spoke to earlier. it s amazing to see that demand is still strong and i think it s wonderfulfor byd, is still strong and i think it s wonderful for byd, hitting 229,000 vehicles. 1.6 million for the year. they re accelerating their units and their growth, but it s also not to say tesla didn t do poorly because they hit 1.8 million for the year. tesla came out ahead, but byd is showing a lot of momentum and growth. going into this new of momentum and growth. going into this new year, of momentum and growth. going into this new year, how - of momentum and growth. going into this new year, how do - of momentum and growth. going into this new year, how do you i into t
the battle for top spot in the electric car sector heats up, as chinese car maker byd outpaces tesla in sales for the first time. plus, will taking drugs in tiny doses make you more efficient at work? we take a look at some of the worries around this trend in the us. hello and welcome to asia business report. i m steve lai. our top story this hour begins with byd. the chinese ev maker has officially overtaken the american giant tesla in total fourth quarter sales. tesla s record deliveries of more than 480,000 vehicles in the last three months of the year wasn t enough to cement its position in the top spot. the company s deliveries