Tesla has long been the undisputed queen of electric vehicles. V fourth quarter 2023However, everything has changed because BYD makes a historic overtake, selling more electric models (BEVs) than the American automaker. Overall, Tesla is still ahead when looking at the whole of 2023, but based on the results of the last 3 months of the year, the Chinese manufacturer could become the new leader of BEV models in 2024.
Overall, the Chinese automaker in 2023, 3,024,417 NEVs (new energy vehicles) were sold. that is, both plug-in hybrid and BEV models. We are talking about an increase of 62.3% compared to 2022. About 52% were BEVs, that is, 1,574,804. Tesla, on the other hand, delivered 1,808,581 electric vehicles in 2023.
Therefore, as mentioned at the beginning, Tesla remains the leader in the electric power sector in terms of total sales. Things took a different turn in the last quarter of 2023. Indeed, BYD has 526,409 electric vehicles were sold, while Tesla sold 484,507..
It’s also worth mentioning that the Chinese automaker recorded a record fourth quarter, selling 942,651 vehicles. 55% were BEVs and 45% were plug-in hybrids. Given BYD’s growth rate, it can easily be predicted that it will become the leading BEV automaker in 2024.
Moreover, we have repeatedly talked about plans for the growth and development of this Chinese brand. Please be reminded that BYD produces directly batteries too which also supplies products to other car manufacturers. Moreover, this Chinese company has been operating in the electric bus sector for some time.
BYD has ambitious growth plans in Europe. Having already appeared in several markets on the Old Continent, including Italy, BYD announced that it would build a plant in Hungary.
Source: HD Motori
Ashley Fitzgerald is an accomplished journalist in the field of technology. She currently works as a writer at 24 news breaker. With a deep understanding of the latest technology developments, Ashley’s writing provides readers with insightful analysis and unique perspectives on the industry.