BYD sold over 300,000 battery electric vehicles in Q1, dropping from 526,000 in Q4 2023, behind Tesla's Q1 figures. BYD also delivered plug-in hybrid cars, facing challenges from China's EV price war.
BYD set lower sales growth targets for 2024, aiming for 3.5 million units, up from 3.02 million in 2023. Export goals exceed 500,000 units, expecting challenges amidst China's weak EV demand.
Zhao Zhen from Wan Zhuo Auto foresees a drop in EV demand in China in 2024 due to economic concerns. Achieving a 20% delivery increase for BYD seems challenging amidst market pessimism.
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