China’s BYD Overtakes Tesla in EV Sales in Final Months of 2023

China’s BYD Overtakes Tesla in EV Sales in Final Months of 2023

Both BYD and Tesla reported record sales of EVs in the last three months of 2023.

According to multiple media reports, Chinese EV automaker BYD displaced Tesla in the final quarter of 2023 as the world’s largest manufacturer of electric vehicles. The Chinese automaker published its December 2023 sales report on Jan. 2 saying 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% higher than the same period in 2022.

Tesla said in its Jan. 2 report that it delivered a combined 484,507 EVs in October, November and December, an almost 20% increase on the same period in 2022 and a quarterly record.

Tesla remained top for the year with 1.8 million electric vehicles sold, compared with BYD’s 1.6 million. However, BYD is expected to overtake Tesla as the world’s biggest EV maker when fourth-quarter data is released, according to Business Insider.

The BBC reported that Tesla’s end-of-year performance was better than analysts had expected. It cited analyst Dan Ives of Wedbush Securities, who described the quarter as a “clear win” for Tesla.

You May Also Like

Bollinger Motors Sells Chassis Cabs to Momentum Groups

Bollinger will sell 80 all-electric Class 4 commercial trucks to Momentum.

Bollinger Motors, Inc. announced it has reached an agreement to sell 80 all-electric Class 4 commercial trucks to Momentum Groups, which Bollinger describes as a leader in fleet management and EV charging solutions. Momentum can upfit the Bollinger B4 Chassis Cab with mobile EV chargers, a box truck, flatbed, service body or stake truck, according to a news release from Bollinger.

Tips For Lifting HEVs and BEVs

If you can’t lift a vehicle without damage, you will not be able to unlock this service opportunity in this growing segment.

Blink CEO to Present at Energy, Power & Renewables Conference

The event is scheduled for June 17 at 1:10 p.m. ET.

Do EVs Require Special Brake Pads?

Proper brake pad selection is crucial for EVs to ensure consistent stopping power and long pad life.

Amsted Automotive Displays New Ways to Extend EV Range 

Amsted will display a cache of multi-functional clutch technologies with benefits in ICE, EV and HEV platforms at the 24th annual VDI Dritev Congress.

Other Posts
EV Safety Basics on the Shop Floor – Part II

As long as you follow the EV guidelines, you are going to have to use the proper PPE and insulated tools.

EV Safety Basics on the Shop Floor – Part I

It’s critical to utilize OEM service information and procedures for each and every hybrid or EV.

Asahi Kasei Achieves Electrolyte Technological Breakthrough

The company said it successfully achieved proof of concept for lithium-ion batteries with improved power output and service life.

TEXA Runs Car Diagnostic Tool Promotion

The promotion is active from June 1 through August 31.