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

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.
- China's BYD to give dealers 2 billion yuan for hitting sales target - sources Reuters
- Elon Musk's Tesla loses EV crown to rival BYD in Q4 Fortune
- China's BYD celebrates its Tesla win by giving money to car dealers Business Insider
- Tesla reported 485,000 deliveries for the fourth quarter, bringing 2023 total to 1.8 million CNBC
- China’s BYD is selling more electric cars than Tesla CNN
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