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China's BYD outpaces Tesla in global quarterly EV sales

CGTN

 , Updated 19:51, 03-Jan-2024
Car enthusiasts look at a BYD Han electric car at the IAA Mobility 2023 International Motor Show in Munich, Germany, September 6, 2023. /CFP
Car enthusiasts look at a BYD Han electric car at the IAA Mobility 2023 International Motor Show in Munich, Germany, September 6, 2023. /CFP

Car enthusiasts look at a BYD Han electric car at the IAA Mobility 2023 International Motor Show in Munich, Germany, September 6, 2023. /CFP

China's leading electric vehicle (EV) manufacturer, BYD, on Tuesday said it sold a record 526,409 fully electric cars in the final quarter of 2023, outpacing Elon Musk's Tesla, which shipped a record of 494,989 vehicles, in global electric-car sales.

The Chinese automaker said it sold 190,754 EVs in December, taking its total for the last three months of the year to a record 526,409 vehicles, 60 percent higher than the same period in 2022.

Tesla said it delivered a combined 494,989 EVs in October, November and December, an almost 20 percent increase on the same period in 2022 and a quarterly record.

While the U.S. automaker's year-end sales push mostly paid off, helping it deliver 1.8 million vehicles this year, it fell short of CEO Elon Musk's ambitious 2 million annual internal target. However, it is still ahead of BYD for the whole year. The Chinese firm delivered 3.02 million vehicles, including about 1.4 million plug-in hybrid EVs, in 2023.

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China's BYD overtakes Tesla as world's biggest EV producer by sales

(With input from Reuters)

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