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BYD overtakes Tesla: Chinese company is the largest electric car manufacturer

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A Denza D9 at the stand of Chinese manufacturer BYD at the IAA motor show in Munich in September 2023.

US automaker Tesla sold 11 percent more electric vehicles compared to the same period last year, billionaire Elon Musk’s company announced on Tuesday.

China’s BYD sold more than 400,000 plug-in hybrids in the fourth quarter, in addition to pure electric cars. For the entire year, the Chinese company sold more than three million cars, 1.6 million of which were fully electric. In this category and throughout the year, Tesla was still ahead with 1.8 million in 2023. (SDA)

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Tim

I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.

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Tim

I'm Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor's Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.

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