"BYD Surpasses Tesla in EV Sales, Rewards Dealers with 2 Billion Yuan for Q4 Success"

1 min read
Source: Reuters
"BYD Surpasses Tesla in EV Sales, Rewards Dealers with 2 Billion Yuan for Q4 Success"
Photo: Reuters
TL;DR Summary

Chinese electric vehicle manufacturer BYD has surpassed Tesla in global EV sales for the first time in Q4 and is rewarding its dealers with a total of 2 billion yuan for achieving sales targets in 2023. Dealers will receive 666 yuan per car, a number considered lucky in China. BYD's rapid expansion through dealerships, especially in lower-tier cities, has contributed to its sale of over 3 million vehicles in 2023, marking a 62% increase from the previous year.

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