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NEWS

BYD sold over 3 million NEV cars in 2023, beats Tesla in EV sales for Q4

WHILE Tesla maintains its position as the world’s largest electric vehicle (EV) manufacturer in 2023, its competitor, BYD, has set a new record as the leading new energy vehicle producer globally.

Throughout 2023, BYD successfully distributed approximately 3,024,417 new energy vehicles, including EVs, hybrids, and hydrogen-powered vehicles.

This achievement has placed BYD among the top 10 largest vehicle manufacturers in the world. Out of this total, 1.57 million units comprised electric vehicles (for comparison, Tesla sold 1.8 million units), while another 1.4 million consisted of plug-in hybrid vehicles (PHEVs).

In recent years, BYD has consistently narrowed the gap left by Tesla. In 2022, BYD’s sales figures were nearly 400,000 units lower than Tesla’s, but the difference was reduced by almost half in 2023.

Furthermore, in the fourth quarter of 2023, BYD successfully surpassed Tesla in EV sales, indicating a significant challenge ahead for the American EV manufacturer to maintain its leadership position in the coming year.

NEWS

Tesla sold 1.8 million cars in 2023, 38 percent jump over previous year

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TESLA has just released the production and delivery numbers for 2023. For the fourth quarter of 2023, they produced 494,989 vehicles and delivered 484,507 vehicles to customers.

This brings Tesla’s total production for 2023 to 1,845,985 vehicles, while deliveries amounted to 1,808,581 units. In 2022, the electric vehicle (EV) maker reported production of 1.37 million vehicles and deliveries of 1.31 million units.

So, the new 2023 figures show a 35 percent increase in production and a 38 percent increase in deliveries year over year. In a report in October 2023, Tesla executives forecasted that the company would produce at least 1.8 million vehicles for the year. However, this figure represents a change from the previously expected 2 million.

Tesla produced 476,777 units of the Model 3 and Model Y in the fourth quarter, with 461,538 deliveries for these models.

They did not disclose figures for the Model S and X but categorized them as “other models.”

In the fourth quarter of 2023, Tesla also sold the updated version of the Model 3 sedan, the Highland, in several markets. Then in December, they also began deliveries of the newest EV, the Cybertruck, in the United States (US).

There were also no figures disclosed for the Cybertruck and Semi, the heavy-duty commercial truck produced in small numbers at the battery plant near Reno.

Tesla’s closest global competitor is BYD, which sold 3.02 million new energy vehicles in 2023, with 1.6 million being battery electric vehicles (BEVs) and 1.4 million being hybrid electric vehicles (HEVs).