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business1d ago
Geely Pulls Ahead Of BYD For Second Month As EV War Escalates: Report - BYD (OTC:BYDDF), BYD (OTC:BYDDY)
- Geely sold more units than BYD in January, marking the second consecutive monthly lead.
- Geely’s exports jumped 138% to exceed 60,879 units in January.
- BYD kept strong overseas sales with more than 100,600 units exported in February.
- Bloomberg reports Geely’s February performance contributing to the ongoing EV war in China.
- BYD faced growth abroad while Tesla’s European sales dipped as the region saw a near 4% drop in new car registrations.
- Tesla’s affordable Cybertruck variant is noted as a potential bright spot amid the EV competition.
- Geely’s January results show exports and overall performance ahead of BYD in the month.
- The report ties the performance to a broader Future Of Mobility coverage by Benzinga.
- BYD’s February overseas sales surpassed 100,000 units, underscoring overseas demand.
- The article notes Geely and BYD as prominent players in the Chinese EV market amid rising competition.
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