Chinese group BYD has moved a step closer to unseating Tesla as the world’s top-selling electric-vehicle manufacturer after reporting bumper fourth-quarter sales.
The Shenzhen-based company, which has become emblematic of China’s rise as a powerhouse in clean technology, said on Monday that it sold a record 526,000 of its battery-only vehicles in the quarter, helped by a more than 70 per cent surge in December sales.
The figures leave Elon Musk’s Tesla needing to beat analyst expectations and deliver a blockbuster fourth quarter to maintain its position as the biggest seller of purely electric vehicles.
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