BYD sold over 3 million NEV cars in 2023, beats Tesla in EV sales for Q4

WHILE Tesla maintains its position as the world’s largest electric vehicle (EV) manufacturer in 2023, its competitor, BYD, has set a new record as the leading new energy vehicle producer globally.

Throughout 2023, BYD successfully distributed approximately 3,024,417 new energy vehicles, including EVs, hybrids, and hydrogen-powered vehicles.

This achievement has placed BYD among the top 10 largest vehicle manufacturers in the world. Out of this total, 1.57 million units comprised electric vehicles (for comparison, Tesla sold 1.8 million units), while another 1.4 million consisted of plug-in hybrid vehicles (PHEVs).

In recent years, BYD has consistently narrowed the gap left by Tesla. In 2022, BYD’s sales figures were nearly 400,000 units lower than Tesla’s, but the difference was reduced by almost half in 2023.

Furthermore, in the fourth quarter of 2023, BYD successfully surpassed Tesla in EV sales, indicating a significant challenge ahead for the American EV manufacturer to maintain its leadership position in the coming year.