"BYD Surpasses Tesla with Record 3 Million EV and Hybrid Sales in 2023"
TL;DR Summary
BYD, the Chinese electric car manufacturer, has produced over 3 million new energy vehicles in 2023, potentially surpassing Tesla's production for the second consecutive year. While Tesla has not yet released its full-year figures, its production count stood at 1.35 million for the first three quarters of 2023. BYD's success is part of a broader surge in the Chinese electric vehicle market, with several companies like Xiaomi, Li Auto, Xpeng, and others reporting significant delivery increases and new model launches. BYD is also expanding overseas, with sales exceeding 242,000 units outside China and plans to build a new production center in Hungary.
- BYD is set to beat Tesla for a second straight year after producing more than 3 million cars in 2023 CNBC
- Tesla Rival BYD Seizes Electric Vehicle Crown; China's Li Auto, XPeng Set Records Investor's Business Daily
- Chinese EV giant BYD posts 62% jump in 2023 vehicle sales Reuters
- China’s BYD Sold 3 Million Electric Vehicles and Hybrids in 2023 The New York Times
- BYD Posts Record Sales Quarter to Challenge Tesla at Own EV Game Bloomberg
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