China's BYD to give dealers 2 bln yuan for hitting sales target


A BYD Co showroom is seen in Shanghai, China. — Bloomberg

SHANGHAI: BYD, which outsold Tesla in electric car sales globally for the first time in the fourth quarter, will hand out rewards totaling billions of yuan to its Chinese dealers, according to two dealers with knowledge of the matter.

The Chinese automaker will pay 666 yuan ($93.17) per car to the dealers if they have achieved their sales targets in 2023, the people said. The number 666 is considered an auspicious figure in China since the number sounds like the word for "cool" or "amazing".

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BYD , Tesla , electric car , EV

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