Chinese BYD again surpasses Tesla in sales of electric vehicles – Kommersant

Last week it became knownthat the Chinese electric car manufacturer BYD has again surpassed the American Tesla in total car sales. BYD sold 3 million cars in 2023, while Tesla sold 1.84 million. Based on the results of the first half of the year, BYD I could sell 641.4 thousand electric vehicles. At the same time, Tesla for the first half of the year put There are only 564 thousand cars for customers.

However, of the total number of BYD cars sold in 2023, 1.4 million are cars with hybrid engines and 1.6 million are cars with fully electric engines. Thus, in terms of the number of cars with only electric drive, Tesla is still ahead of the Chinese company. The PRC market, with a population of 1.4 billion people, is BYD’s largest, while Tesla’s sales in China account for only 20% of global sales. At the same time, BYD actively continues its expansion outside of China, including due to lower prices – the company’s foreign sales at the end of last year amounted to 242 thousand cars. In December BYD announced about plans to build a new plant in Hungary. The company sells five of its models in Europe, and sales of three more will be launched in 2024.

What explains the success of the Chinese conglomerate, read the material “BYD is catching up with Tesla”.

Evgeny Khvostik