BYD Electric Vehicle Achieves Record Sales in 2023, Nears Overtaking Tesla as Global EV Leader
(Source – CarDekho) China’s electric vehicle (EV) giant, BYD, has set a new milestone by recording an unprecedented surge in global car sales in 2023, closing the gap with Tesla and solidifying its position as a formidable player in the EV market. According to a recent stock exchange filing, BYD electric vehicle reported an astonishing 62% increase in overall global sales, surpassing three million units last year, compared to the previous year. The surge in sales was fueled by a remarkable uptick in the demand for BYD electric vehicles (EVs) and hybrids. The company sold an impressive 1.57 million BEVs, marking a substantial 73% increase, and 1.44 million hybrids, reflecting a remarkable 52% growth compared to the previous year. BYD Electric Vehicle Overtaking Tesla in the last quarter In 2022, BYD electric vehicle lagged behind Tesla in global BEV sales by approximately 400,000 units. However, the latest figures indicate a significant narrowing of this gap, with BYD potentially ...