Chinese BYD dethrones Tesla
Tesla, owned by Elon Musk, has lost its market leadership to China's BYD. The Shenzhen-based company, which sold more than 500,000 battery electric vehicles worldwide in the fourth quarter of 2023, surpassed Tesla in delivery numbers.
Chinese electric car manufacturer BYD sold more than 500,000 battery electric vehicles (BEVs) worldwide in the fourth quarter of 2023, pushing the Shenzhen-based company's deliveries above those of its US rival and long-time market leader Tesla for the first time.
With 3.02 million vehicles in 2023, this was nearly twice as high as the previous year.
However, while about 1.4 million of these cars were hybrids, Tesla remains ahead in terms of fully electric cars with approximately 1.84 million vehicles produced.
BYD, an acronym for "Build Your Dreams," sells about 20 percent of its vehicles in the domestic market. However, the company plans to focus more on Europe in the future.
So far, there are five different BYD models available in Europe, and the company is considering adding 3 new models to this figure.
News Source: 12punto
Most Read
Historic words from Özgür Özel at the CHP group meeting
Air Force Academy student Veli Bilgin has died
Tuncer Bakırhan calls for a framework law
Here are the names that will be in Özgür Özel's new party!
How did the newspapers view Özgür Özel's farewell to the CHP?
Major crisis in CHP
He killed his wife by slitting her throat: Their children witnessed the moments
AKP mayor held responsible
Kılıçdaroğlu's 'controlled' shopkeeper visit
Güler leaves questions regarding Özgür Özel unanswered