BYD surpasses Tesla in 2023Q4 sales
While BYD sold 526,409 fully electric vehicles in the last quarter of this year, Tesla delivered 484,507 units.The results showed that BYD surpassed on a quarterly basis.In 2023, BYD sold more cars than 3 million units and Tesla surpassed 1.8 million units, and both companies exceeded their annual expectations.
BYD sold 940,651 units in the fourth quarter, a record high. 55% are fully electric vehicles (BEVs) and 45% are plug-in hybrids (PHEVs).
BYD sold 3,023,679 electric vehicles in 2023, up 62% from 2022. Approximately 52% are BEVs (1,574,804 units). Tesla delivered 1,808,581 units in 2023, up 38% from 1,313,851 the previous year. In terms of cumulative sales in 2023, Tesla still maintains the throne. However, there is a high possibility that BYD will continue to be a major EV manufacturer in the future.
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