BYD getting closer to oust Tesla as top EV maker
Shenzhen-based company sold a record 526,000 electric vehicles in October-December 2023
image for illustrative purpose
New Delhi: Chinese automotive giant BYD has moved one step closer to topple Elon Musk-run Tesla as the world’s top EV manufacturer, after the Shenzhen-based company sold a record 526,000 electric vehicles in October-December 2023.
For the entire year, BYD sold more than 3 million battery electric vehicles (BEVs) and plug-in hybrids, it announced.
Overall, the Chinese company sold about 3.02 million vehicles in 2023, an increase of about 62 per cent from the year prior.
It sold about 1.6 million battery EVs and about 1.4 million plug-in hybrid EVs.
In comparison, Tesla sold around 483,000 electric vehicles in the October-December period and 1.82 million for the entire 2023, according to industry estimates.
BYD last year announced plans to build a manufacturing plant in Hungary.
Meanwhile, the global passenger battery electric vehicle (BEV) unit sales increased by 29 per cent (year-on-year) in the third quarter (July-September period) this year.
