According to media data, in the second quarter of this year, BYD sold nearly one million pure electric and hybrid vehicles, setting a new historical record. In contrast, Tesla's electric car sales were 441,000, a year-on-year decrease of 5.4%, marking Tesla's second consecutive quarter of sales decline.
Chinese electric vehicle market leader BYD once again demonstrated its strong market strength.
According to the latest sales data compiled by the media, BYD sold nearly one million pure electric and hybrid cars in the second quarter of this year, setting a new historical record.
Specific data shows that BYD sold 982,747 vehicles from April to June, including 426,000 pure electric vehicles.
This number makes BYD hopeful to surpass Tesla again and become the world's largest electric vehicle seller.
Analysts predict that Tesla's electric vehicle sales in the same period will be 441,019, a year-on-year decrease of 5.4%, which will be Tesla's second consecutive quarter of decline in sales.
Over the past year, Tesla CEO Musk has tried various measures such as price cuts to stimulate market demand, but sales of Tesla cars are still decelerating. As old models are struggling to keep up with competitors' new product pace, Tesla's sales in key markets such as China and Europe are facing downward pressure.
Returning to BYD, the single-month sales volume in June reached 340,211, setting a new record for monthly sales.
This performance is partly attributed to BYD's price-cutting strategy implemented earlier this year, which, although may affect short-term profits, effectively stimulates consumer purchasing desires, especially in competition with foreign brand gasoline vehicles.
In terms of the international market, BYD's performance is also impressive, with the company's auto exports exceeding 100,000 units in the second quarter for the first time.
Facing increasingly intense competition from peers, BYD is taking multiple measures, including sponsoring the European Cup football tournament and expanding brand awareness in the European and American markets.
In terms of product innovation, BYD has also made significant progress. In the second quarter, BYD launched its first hybrid pickup truck in Mexico, opening up a new segment of the market. At the same time, BYD also released a new plug-in hybrid platform with a range of over 2,000 kilometers.
All of these bullish factors are also fully reflected in the company's stock price performance. In the past quarter, BYD's Hong Kong stock rose by 15%, outperforming Tesla's 13% gain and most of its peers.
