Benzinga
Tesla’s Price Cuts Benefited BYD
With its March figures, BYD Company Limited (OTC: BYDDY) showed staggering growth in EV sales, officially making the Chinese EV giant the world’s second biggest EV manufacturer that is rapidly catching up to the industry leader and EV pioneer, Tesla Inc (NASDAQ: TSLA). Despite being a generally slow month for automotive sales across the globe, BYD’s March sales were almost double compared to last year’s March, allowing the Warren Buffett-backed EV maker to shake off the impact of a bruising pric