BYD Q1 Electric Vehicle Sales Reach 300K Despite Slowdown
- BYD EV sales rose 13% year-over-year in Q1 2024, reaching over 300,000 units sold
- Sales were down sequentially from Q4 2023's 526,400 EVs sold
- Tesla expected to retake global EV sales lead from BYD with estimated 425k-480k sales in Q1
- BYD not focused on Tesla competition; aiming to steal share from gas vehicles
- BYD expanding overseas with more affordable EVs like $9,700 Seagull model
