China’s BYD is selling more electric cars than Tesla
BYD overtook Tesla to become the world’s biggest electric car company in the final quarter of 2023.
The Chinese company sold a record number of cars last year, including 525,409 battery electric vehicles (BEVs) in the three-month period to December 31, according to a stock exchange filing. Tesla said Tuesday it delivered 484,507 — also a record — during the quarter.
Over the year as a whole Elon Musk’s Tesla (TSLA) still outpaced BYD, selling 1.8 million electric cars. BYD sold 1.57 million electric vehicles, up 73% on 2022, as well as 1.44 million hybrids.
But that means Tesla’s gap over its Chinese rival, at about 230,000 units in 2023, was significantly narrower than the 400,000 units posted in 2022.
The rapid growth of BYD, which is backed by Warren Buffett, is a symbol of China’s rising EV industry.
But that means Tesla’s gap over its Chinese rival, at about 230,000 units in 2023, was significantly narrower than the 400,000 units posted in 2022.
The rapid growth of BYD, which is backed by Warren Buffett, is a symbol of China’s rising EV industry.
I think if BYD also joins NIO ( a few others already have joined) to advance battery swapping infrastructure, Tesla will be in big trouble.
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TennesseeRob : I got a bridge in Guana for sale for good price, if u believe ANYONE will EVER outsale/outperform TSLA