is the closest estimation to its sales figures. 0ur north america business correspondent erin delmore reports. calls itself the big scarber brown you ve never heard of, but it may be about to change. more of vehicles in the last three months than tesla did. that s a first. the american company is facing headwinds, higher borrowing costs in the us led to spelling demand slowing demand. but the chinese rival is a gluing, enjoying tailwinds with them unlike tesla, byob makes its own batteries, so controlling that part of the supply gives byd more ability to cut prices. as my colleague erin hasjust reported, tesla s latest number puts byd ahead of the curve. the chinese ev maker reported around three million in sales last year, but that number comprises both electric cars and hybrid vehicles. 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
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
watch. the industry for this ear? watch. the industry for this year? we re watch. the industry for this year? we re still watch. the industry for this year? we re still going - watch. the industry for this year? we re still going to l watch. the industry for this l year? we re still going to see urowth year? we re still going to see growth in year? we re still going to see growth in ev. year? we re still going to see growth in ev, but year? we re still going to see growth in ev, but there - year? we re still going to see growth in ev, but there still. growth in ev, but there still push back. china has 100 mw small blue gear racks holes and coal fired plants nuclear reactors. we ll see slight blips as we look into 23 and four, but still the demand. to learn more about the competition between tesla and byd, you can visit our website at bbc.com/news or use the bbc news app. another american electric car maker that s hit a bump in the road is rivian, which reported close to 11
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 important see this movie forward? this is the important thing. see this movie forward? this is the important thing. byd - see this movie forward? this is the important thing. byd and l the important thing. byd and tesla have created a price war around the world. byd has the batteries in the low cost in terms of wages. but tesla has the scaling capabilities and automation to get to compete against byd s numbers. tesla has bigger profits and bigger margins, but that s going to be and contingent for all to there s less tax breaks in the us. tesla will start to stop qualifying for them as we go into the new year. you re going to see other incentives coming into play and protection barriers are going to happen in europe and asia. it s going to be an interesting battle to watch. , , ., ,