China’s BYD is setting a bow to soon be the one to take the reins from Tesla as the world’s No. 1 electric vehicle manufacturer. For 2023, however, Elon Musk’s company will remain first.
China’s BYD said it sold 526,409 pure electric vehicles in the fourth quarterwhich means Tesla will need a record performance to maintain its position as the No. 1 manufacturer for the final three months of 2023.
BYD, which is the best-selling brand in Chinareported that sales of its all-electric and hybrid vehicles in December amounted to 340.178 units – of which 190,754 were EVs – thanks to the company’s aggressive year-end sales.
In total, BYD sold 3.01 million vehicles in 2023. The Chinese automaker said it sold approx 1.6 million EVs as well as approx 1.4 million plug-in hybrids.
Given that Elon Musk’s company will “close” the past year with sales “around” 1.8 million unitsBYD will have to wait at least 12 more months to emerge as the annual “world champion” in the fast-growing pure electric vehicle industry.
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