Top 10 Global Electric Car Sales in 2023: BYD Leads, Tesla Close behind

2024-01-11
As people's awareness of environmental protection increases, the electric vehicle market is developing rapidly, and major automakers have increased their investment in electric vehicles. 2023, the global electric vehicle market pattern will undergo a significant change, and BYD will overtake Tesla to become the world's top seller of electric vehicles.

According to statistics, BYD's electric vehicle sales will reach 3,024,000 units in 2023, a year-on-year increase of 61.86%, becoming the No. 1 enterprise in China and even the world in new energy vehicle sales. Among them, the sales of BYD Dynasty and Oceanis pure electric vehicles reached 2.877 million units, up 55.3% year-on-year. During the same period, sales of the luxury brand Denza reached 128,000 units. In addition, the newly-launched BYD Yangwang and Formula Leopard brands also achieved impressive sales results, with sales of the Yangwang brand increasing by 290.4 percent and sales of the  Formula Leopard brand reaching 5,086 units in December.

In addition to BYD, other automakers are also aggressively expanding into the electric vehicle market. 2023 also saw Tesla perform well in the global electric vehicle market, with deliveries up 38% year-on-year to 1.81 million units. However, due to BYD's strong sales growth, Tesla has not been able to maintain its leading position in the global electric vehicle market.

In addition to BYD and Tesla, other automakers are also actively exploring the electric vehicle market. Chinese automakers have also achieved impressive results in the electric vehicle sector. Among them, NIO's sales will reach 160,038 units by 2023. Other Chinese automakers, such as XPeng and Li Auto, are also launching new EV models to aggressively capture market share.

The influence of Chinese automakers in the global EV market is gradually increasing. According to the China Association of Automobile Manufacturers (CAAM), China is expected to overtake Japan as the world's largest exporter of automobiles by 2023. Among them, China's electric vehicle exports are on the rise, becoming a new highlight of China's auto exports.

It is worth noting that despite the rapid development of the electric vehicle market, many consumers are still skeptical about new energy vehicles. However, as technology continues to advance and environmental awareness grows, more and more people are recognizing the environmental and economic benefits of electric vehicles. The electric vehicle market is expected to continue to grow rapidly in the future.

Overall, among the top 10 global electric vehicle sales in 2023, BYD is the electric vehicle sales champion with its outstanding sales performance, followed by Tesla. Meanwhile, Chinese automakers are also performing well in the electric vehicle sector, gradually becoming an important force in the global electric vehicle market. With increasing technology and environmental awareness, the electric vehicle market is expected to continue to grow rapidly in the future. 

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