tech
BYD Beats Tesla To Become The World's Top EV Maker
The rivalry shows the difficulties Tesla faces in the booming EV market.
By Sukhbir Cheema — 03 Jan 2024, 10:46 AM
Cover image via
AFP / New Straits Times
& New Straits Times
![Image from New Straits Times]()
Image via New Straits Times
China's BYD has become the world's largest maker of all-electric vehicles (EVs)
In the last quarter of 2023, Tesla sold 484,507 EVs, marking an 11% increase from the previous quarter.
However, BYD sold 526,409 EVs, surpassing Tesla by a wide margin, according to the New Straits Times.
The rivalry highlights the challenges Tesla faces in the thriving EV market
That said, Tesla still sold the most EVs for the entire year, with over 1.8 million deliveries in 2023.
In comparison, BYD sold a total of 1.6 million vehicles.
