China's BYD widened its sales lead over Tesla in Singapore in the first half of this year, government data showed, highlighting the challenge facing the...
SINGAPORE - China 's BYD widened its sales lead over Tesla in Singapore in the first half of this year, government data showed, highlighting the challenge facing the world's biggest electric vehicle maker by sales from Chinese rivals.
By contrast, BYD posted a 21% rise in second-quarter sales and continues its aggressive expansion outside of China, including opening its first stores in Vietnam this week, where Tesla has yet to start vehicle sales. There is little price difference between BYD and Tesla in Singapore, where car owners must buy a certificate that costs about S$100,000 .
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