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the closest estimation to 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 and hybrid vehicles. even ....
Electric cars 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 whom 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 q4. put them on target at about 1.6 million for the year. that is an important figure because they are accelarating their units and their growth but also not to say tesla did do poorly because tesla actually hit 1.8 million for the year. 0na on a yearly basis tesla came out ahead but the wendy choo development and growth especially coming out of 2023. how much profit does byd actually made from sales ....