BYD Surpassed Tesla in Global BEV Sales for the First Time Ever 🏆

What we’re showing

Global quarterly sales of battery electric vehicles (BEVs) between BYD and Tesla.

Key takeaway

In Q4 2023, BYD sold nearly 42,000 more BEVs than Tesla.

Context

• BYD Auto is a subsidiary of BYD Company Limited, a Chinese manufacturing conglomerate.
• BYD released its first passenger car in 2005, and its first BEV in 2009.
• The company has released a slate of new BEV models in recent years, with hopes of capturing market share in Europe and Latin America.