BYD Electric Vehicle Sales Surpass Tesla in 2023

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Cindy Mutia Annur 16/02/2024 14:18 WIB

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According to CleanTechnica data, BYD became the world's best-selling electric vehicle brand in 2023, significantly outperforming Tesla.

Top 10 Global Best-Selling Electric Vehicle Brands (2023)

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BYD Electric Vehicle Sales Surpass Tesla in 2023

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Top 10 Global Best-Selling Electric Vehicle Brands (2023)

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According to EV-Volumes data released by *CleanTechnica*, BYD Automotive became the world's best-selling electric vehicle brand in 2023.

From January to December 2023, sales of the Chinese electric vehicle reached 2.87 million units, a 56% surge compared to 2022 (year-on-year/yoy).

BYD's sales surpassed Tesla's. Throughout 2023, Elon Musk's company sold 1.8 million electric vehicles.

However, according to *CleanTechnica*, BYD's growth potential in China is relatively small, as BYD is already the best-selling brand in its domestic market.

*CleanTechnica* also stated that in 2024, BYD's sales growth will heavily depend on overseas markets, coinciding with the commencement of operations at its new factories in Brazil and Thailand.

"Overseas sales are the path to brand growth. There's a possibility this will succeed, but it's far from certain," the *CleanTechnica* team stated in its report.

After BYD and Tesla, BMW electric vehicles were the third best-selling globally. The German automaker sold approximately 500,000 electric vehicles throughout 2023.

Here is a complete list of the top 10 electric vehicle brands with the highest sales volume worldwide in 2023:

1. BYD: 2.87 million units
2. Tesla: 1.8 million units
3. BMW: 500,050 units
4. GAC Aion: 483,940 units
5. Volkswagen: 482,040 units
6. SGMW: 475,750 units
7. Li Auto: 376,030 units
8. Mercedes: 373,300 units
9. Changan: 350,840 units
10. Geely: 331,620 units

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."