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Tesla shares plunged 29% in the first quarter, the worst period for the stock since the end of 2022 and the third-steepest quarterly drop on record.
Tesla shares plunged 29% in the first quarter, the worst period for the stock since the end of 2022 and the third-steepest quarterly drop on record.
BYD plans to boost EV sales to 3.6 million in 2024, up 20% from last year, with 500,000 overseas sales in 2022 and 1 million in 2025. Wang Chuanfu emphasizes EV momentum and new technology.
BYD: The automaker is currently discounting almost every electric and hybrid car model it sells, as part of a marketing campaign declaring "electricity is cheaper than oil."
The carmaker has cut prices on more than 100 existing model versions compared with in December. Read more at straitstimes.com.