Chinese automaker BYD has made a significant leap in the global electric vehicle (EV) market, potentially surpassing Tesla's position as the leading EV seller. BYD's sales surged by 62% in 2023, with a record-breaking fourth quarter that saw the company sell 341,000 vehicles in December alone. The company's total sales for the year amounted to approximately 3.02 million vehicles, including 1.6 million battery electric vehicles (BEVs) and 1.4 million plug-in hybrids (PHEVs). This growth has been attributed to BYD's strong performance in December, where it sold 190.7k BEVs, an all-time high, and 149.4k PHEVs, despite producing only 308k units for the month. Analysts suggest that BYD's quarterly figures, which include 526,409 BEVs, have positioned it to potentially overtake Tesla, which delivered 484,507 vehicles in the fourth quarter. The shift indicates China's growing influence in the global auto industry and marks a significant milestone for BYD, which is backed by Warren Buffett.
In the mini-documentary How BYD Took Tesla’s Crown, Bloomberg Originals shows how a Chinese battery-maker grew to be the world’s biggest seller of electric cars https://t.co/vGPLcM6XZC
China's BYD became the world's leading seller of pure electric vehicles in the fourth quarter of 2023, marking another landmark moment in China's fast-growing new energy vehicle sector. The Shenzhen-based auto company announced the sales of 526,409 all-electric cars between… https://t.co/ixNAdNdpWJ
China's BYD Overtakes Tesla in Q4 2023 https://t.co/6e5pL0JIsJ
The electric car manufacturer BYD sold more than 500,000 battery electric vehicles (BEV) worldwide in the fourth quarter of 2023 - elevating the Chinese company above the deliveries of its U.S. competitor Tesla for the first time. https://t.co/8l6YuqabIV
Tesla is no longer the world's biggest EV maker – here's what you need to know about BYD. https://t.co/b0r64OYW8Y
Tesla looks very strong in China along with BYD in this key market. Battle for EV market share will continue in 2024 @asiasquawkbox 👇 https://t.co/FQcddE4qyd
Actually, Tesla sold more BEVs than BYD in both 2022 and 2023. BYD also sells hybrids. BYD sold more BEVs than Tesla in Q4, but was still behind for the full year. Let’s see what happens this year. https://t.co/RGKfJGupSO
The recent China sales numbers prove Tesla and BYD are dominating the EV market, says Dan Ives at Wedbush, with BYD set to become a "household name". @DivesTech $TSLA $BYD https://t.co/TTjE4kgXIC
BYD has overtaken Tesla as the world’s biggest selling electric vehicle maker, and other Chinese manufacturers will soon join it as they lead the electric revolution at the expense of their Western competitors. https://t.co/o7uJfQaOwc
From @Breakingviews: Even though China's BYD has overtaken Tesla as the world's biggest EV maker, the real competition between the two companies is going to be over technological advances and not sales, says @AntonyMCurrie https://t.co/UUotSNjVS2
China’s BYD delivered more than 526,000 cars in the October-December period, over 31,000 units ahead of its US rival Tesla. More here: https://t.co/EOuMBzTj71 https://t.co/rIAyQnw8RP
China’s BYD overtook Tesla on sales over the latest quarter. The Warren Buffett-backed firm delivered more than 526,000 cars in the October-December period, putting it over 31,000 units ahead of its US rival. Read more: https://t.co/lLnfONVaJA https://t.co/RM8FwyOdQk
China’s BYD delivered more than 526,000 cars in the October-December period, over 31,000 units ahead of its US rival Tesla https://t.co/idcesKcIsJ https://t.co/qqIxVQybbO
BYD has stolen Tesla's crown as the global No. 1 in electric vehicle sales Bloomberg's Danny Lee explains how the Chinese automaker overtook Elon Musk's EV giant https://t.co/X0MNJOxwKv https://t.co/z2q263U3TE
From @Breakingviews: @AntonyMCurrie sheds light on the rivalry between Tesla, and Chinese EV giant BYD https://t.co/m92W6kmvRD
Chinese company BYD overtakes Tesla https://t.co/7ADu4JWEuo https://t.co/F8UYpxXsDI
BYD, the Chinese EV maker backed by Warren Buffett, has just pipped Tesla to become the biggest producer of battery electric cars, writes @davidfickling. The entire industry is now in its sights (via @opinion) https://t.co/0qW4M4ejlA
China’s BYD overtook Tesla on sales over the latest quarter. The Warren Buffett-backed firm delivered more than 526,000 cars in the October-December period, putting it over 31,000 units ahead of its US rival. More here: https://t.co/EOuMBzTj71 https://t.co/DP6ddg4b3I
China’s BYD overtook Tesla on sales over the latest quarter. The Warren Buffett-backed firm delivered more than 526,000 cars in the October-December period, putting it over 31,000 units ahead of its US rival https://t.co/idcesKdgih https://t.co/MA5hUb53nE
🇨🇳🚗🔌 Chinese rival BYD delivered 341,043 passenger vehicles in December, up 13% from November and a 45% jump year-on-year. BYD had a record quarter with sales of 944,779 new energy vehicles in the fourth quarter, including 526,409 pure EVs. https://t.co/8Zzp4mbJzQ
Heard on the Street: China’s electric-vehicle maker BYD will be on top of the world this year https://t.co/K9PPtd9wuH https://t.co/K9PPtd9wuH
US carmaker #Tesla has lost its crown for most sales of all-electric vehicles to Chinese firm #BYD, which has capitalized on Beijing’s strong government support for the burgeoning sector. #EV https://t.co/3njrpYHjiY
Tesla delivers record Q4 cars, but China's BYD steals top EV spot Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target, but lost its spot as the top EV maker by sales to BYD. https://t.co/wlSkgKGLQ1
From @Breakingviews: Tesla has just ceded its title of world’s biggest electric-vehicle maker to the China's BYD. In a growing industry, that's largely irrelevant for now. The more important competition will be over technology. @AntonyMCurrie explains https://t.co/9hCkqkbd4n
On Jan 3, as the Wall Street Journal reported, BYD, the Chinese automaker, surged ahead of Tesla in quarterly electric vehicle sales. With over 526,000 electric vehicles sold in Q4 2023, BYD has become the world's largest EV seller for the first time. #china #technology #EV #BYD https://t.co/7ZKpMFewQx
WATCH: Tesla has just ceded its title of world’s biggest electric-vehicle maker to Chinese company BYD. In a growing industry, that’s largely irrelevant for now. The more important competition will be over technology. @AntonyMCurrie explains. https://t.co/oELxBijZkc
From @Breakingviews: Tesla ceded its title of world’s biggest EV maker to BYD. The longer-term danger to Elon Musk's outfit, assuming geopolitics doesn't upend its supply chain, is if its peer advances in tech, says @AntonyMCurrie https://t.co/bACMwWodch
BYD, the Chinese EV maker backed by Warren Buffett, has just pipped Tesla to become the biggest producer of battery electric cars, writes @davidfickling. The entire industry is now in its sights https://t.co/axg3H6VTQJ via @opinion
Chinese automaker BYD for the first time topped Tesla as the world’s largest seller of electric vehicles on a quarterly basis, a sign of China’s emerging strength in the global market for battery-powered cars. @rfelliott https://t.co/Cc73IwOUGj https://t.co/Cc73IwOUGj
Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target, but lost its spot as the top EV maker to China's BYD. Read more: https://t.co/lLnfONVIz8 https://t.co/m9Odwq0Xuj
Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target, but lost its spot as the top EV maker to China's BYD. More here: https://t.co/EOuMBzSLht https://t.co/P1iaxaV1yP
Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target, but lost its spot as the top EV maker to China's BYD https://t.co/idcesKdgih https://t.co/D6ghRAhd6y
BYD: Chinese electric vehicle giant that has overtaken Tesla on sales https://t.co/XApjzIsiZQ
BYD, the Chinese EV maker backed by Warren Buffett, has just pipped Tesla to become the biggest producer of battery electric cars, writes @davidfickling. The entire industry is now in its sights https://t.co/cbAE6Z3nSp
World’s top EV maker is now China’s BYD 🚗 https://t.co/GP4Zcua8Zp
Tesla delivers record Q4 cars, but China's BYD steals top EV spot https://t.co/rgdlbe7m8u https://t.co/t5EchLAmI5
Tesla Inc. delivered more vehicles than expected in the fourth quarter, though not enough for the Elon Musk-led company to stay in front of China’s BYD Co. in global electric-car sales https://t.co/jeGZ8ZZCwa
In the final quarter of 2023, China's BYD outsold Tesla in EV cars by 526,000 to 484,000 in yet another sign of China’s growing clout in the automotive industry. https://t.co/ZmQHrMuMRU
BYD has surpassed $TSLA as the largest EV car manufacturer in the world by a wide margin 526k car sold by BYD vs 483k for Tesla for Q4 2023 China keeps winning
Chinese automaker BYD just passed Tesla in global EV sales Q4 Sales • BYD - 526,409 • Tesla - 484,507 Haven't even sniffed the US market either https://t.co/gb31CWL8x2
China-based automaker BYD emerges as the world's best-selling EV company after topping Tesla in Q4 2023. Tesla delivered more than 484,000 EVs in the fourth quarter, while BYD sold more than 526,000 battery-only vehicles. https://t.co/Tq2E8x3Agg
🚗 Elon Musk’s Tesla has been toppled as the world’s best-selling electric vehicle manufacturer after it was overtaken by China’s BYD. Read more 👇 https://t.co/LxYnNMDDKB https://t.co/8P0XX8D9PX
China’s BYD is selling more electric cars than Tesla https://t.co/kXYiT1zZkW
NEW - BYD overtakes Tesla as world’s top EV maker https://t.co/qpDM3zXrwj
Chinese automaker BYD for the first time topped Tesla as the world’s largest seller of electric vehicles on a quarterly basis, a sign of China’s emerging strength in the global market for battery-powered cars https://t.co/OM8vEy5Fcc https://t.co/OM8vEy5Fcc
Tesla falls behind China’s BYD in quarterly EV sales as growth slows https://t.co/rgBYSARq7Q via @business https://t.co/lvNSjy1fSJ
NEW - China's BYD has overtaken Elon Musk's Tesla in global quarterly electric car deliveries for the first time. https://t.co/cPuhkg6bZo
China's BYD overtook Tesla to become the world's biggest electric car company in the final quarter of 2023 https://t.co/B6x2VxTo15
Tesla delivered more vehicles than expected in the fourth quarter as Elon Musk's company dropped behind China’s BYD in global electric-car sales https://t.co/OZvN7Sf0X2
$TSLA 🔸 Tesla overtaken by BYD in quarterly deliveries for the first time Tesla has lost its position as the world’s most popular maker of electric vehicles to Chinese rival BYD despite quarterly sales that beat analysts’ estimates. The US company, run by Elon Musk, delivered…
Breaking news: Tesla has lost its position as the world’s most popular maker of electric vehicles to a Chinese rival. https://t.co/nG3GMrHpYm https://t.co/f5BSXYzfic
BYD tops Tesla $TSLA to become the world's largest BEV manufacturer in Q4. BYD's BEV sales jumped 22% QoQ to 526,409 vehicles, almost 9% higher than Tesla's 484,507 deliveries in Q4.
Tesla overtaken by BYD as world’s biggest electric vehicle maker https://t.co/2htXri6eh0
Chinese carmaker BYD is likely to beat Tesla in its Q4 sales for the first time, according to analysts. https://t.co/eyXthdHZd2
BYD remains EV king. We already knew this in late October, but BYD has officially surpassed Tesla in global BEV sales. In total EV sales, BYD now sells 2x Tesla globally, and now sells multiple models with significantly higher ASPs than Tesla’s highest-spec models.
Tesla delivered more vehicles than expected in the fourth quarter as the Elon Musk-led company dropped behind China’s BYD in global electric-car sales https://t.co/iKL879eZwI
Could China’s BYD overtake Tesla in EVs? https://t.co/eyXthdHrnu
China's BYD may have just overtaken Tesla as the world leader in EV sales. Bloomberg's John Liu has more from Beijing. LISTEN on the Bloomberg Daybreak podcast: Apple: https://t.co/4kS0hGeVvs Spotify: https://t.co/Nghv2rZD9X Anywhere: https://t.co/aWAqd3aK1C https://t.co/AF7GyuXy3q
BYD Is Now Bigger Than Tesla After Record Quarterly Sales https://t.co/eGeX5bM9tC
Chinese EV giant BYD posts 62% jump in 2023 vehicle sales - https://t.co/0IaquaEFZq
BYD delivered 1.6 million battery electric vehicles in 2023, along with 1.4 million hybrids. Tesla will most likely be the world’s #1 seller of BEVs again in 2023. https://t.co/LHQpDtl5pm
China’s BYD closer to taking Tesla's electric car top spot https://t.co/zY4MAPnZvp
BYD is set to beat Tesla for a second straight year after producing more than 3 million cars in 2023 https://t.co/Z2YqU5f39m
China’s BYD moves closer to unseating Tesla as EV leader https://t.co/OClT7art0o via @ft #EV #BYD #China #TESLA #automotive
"#BYD is poised to surpass #Tesla as the new worldwide leader in fully EV sales. When it does—likely this quarter—it will be both a symbolic turning point for the EV market & further confirmation of #China’s growing clout in the global auto industry" https://t.co/C27KwK8Uy2
China’s BYD moves closer to unseating Tesla as EV leader https://t.co/nc3JZUTjUs
The Chinese corporate giant BYD said Monday that it sold three million battery-powered cars in 2023, its most ever, capping a turbulent year for China’s electric vehicle industry. https://t.co/pXu9kY6pyt
🇨🇳🚗 CHINESE EV GIANT BYD POSTS 62% JUMP IN 2023 VEHICLE SALES China's BYD Co, the world's biggest seller of battery electric vehicles (BEVs) and plug-in hybrids, sold about 3.02 million vehicles in 2023, an increase of 61.9%, it said on Monday. The Shenzhen-based automaker… https://t.co/xk6Scn4Mco
Chinese EV giant BYD posts 62% jump in 2023 vehicle sales https://t.co/4DtrsCsXyr https://t.co/HYKN29KXbH
Chinese automaker BYD is coming for Tesla after posting record 4th quarter sales https://t.co/nBTpUDgqL2
Byd hit 3.01m in sales in 2023 with a big 341k sales total in December Interestingly enough, it only produced 308k units for the month, so likely sold off most inventories 190.7k bev 149.4k phev Former is definitely all time high Waiting for breakdown by family now https://t.co/Q8bl2Hqz7F
Elon Musk once scoffed at the notion that BYD could compete with Tesla. Now, the Chinese carmaker is poised to be the new No. 1 in electric vehicles https://t.co/7nZOniv2Hc
Chinese automaker BYD poised to challenge Tesla's dominance in global EV market https://t.co/UTw6cwrbXr https://t.co/v5KCKGLMGl