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Tesla catches up to BYD in the global EV market

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Published: April 3rd, 2024,
Last updated: May 28th, 2025

Car manufacturer BYD likely lost its position as the world’s largest electric car manufacturer to US rival Tesla in the first quarter of 2024. From January to March, BYD sold just over 300,000 electric cars, a decrease of 43 percent from the record volume in the previous quarter. Analysts expect Tesla sales to average around 458,000 cars in the first three months of the year. The US electric car pioneer will publish its sales figures on Tuesday.

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