Page 47 - Byd News Today

From The Irish Times Top 50 cars for 2024, one of the biggest calls to make was deciding between these two impressive newcomers

SHANGHAI: BYD, which outsold Tesla in electric car sales globally for the first time in the fourth quarter, will hand out rewards totaling billions of yuan to its Chinese dealers, according to two dealer

Byd: Sells nearly 42000 more vehicles than Tesla in fourth qtr.

Byd: The Chinese automaker will pay 666 yuan (USD 93.17) per car to the dealers if they have achieved their sales targets in 2023, the people said. The number 666 is considered an auspicious figure in China since the number sounds like the word for "cool" or "amazing".

Tesla delivered 494,989 EVs in the October-to-December period, falling short of the 526,409 vehicles that Warren Buffett-backed BYD handed over - mostly in China - suggesting that car buyers were looking for cheaper models in a high-interest-rate economy.

Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target, but lost its spot as the top EV maker by sales to Chinas BYD.

While most expect the Fed to cut interest rates as soon as March, well get some economic data this week that will factor into that decision.

The amount of electricity generated by the UK’s gas and coal power plants fell by 20% last year, with consumption of fossil fuels at its lowest level since 1957. Not since Harold Macmillan was the UK prime minister and the Beatles’ John Lennon and Paul McCartney met for the first time has the UK used less coal and gas. – Guardian

China’s BYD dethrones Tesla, shipping halted again after Red Sea attack, other news to start your day.

Chinese electric vehicle (EV) producer BYD Co overtook US-based Tesla Inc to become the world’s biggest EV maker in the fourth quarter of 2023 for the first time, according to latest data from the companies. This had added another milestone to a historical year for China’s auto industry as it’s poised to propel China to become the world’s biggest auto exporter.