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Tesla sales stall as China's BYD closes in
Chinese firm got a boost from subsidies encouraging consumers to replace old cars with greener ones.
The Chinese EV maker enjoyed record monthly sales in December, as subsidies and discounts convinced prospective car buyers to make a purchase The US electric car maker maintained a slim lead in EV sales over BYD in the previous quarter but the Shenzhen-based firm has been narrowing the gap. His abrupt exit from the company - which owns brands including Vauxhall, Jeep, Fiat, Peugeot and Chrysler - came two months after Stellantis issued a profit warning.
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