BYD Surpasses Tesla to Become World's Top EV Seller in 2023

With aggressive global expansion and a record 3.02 million units sold, BYD Co. leads the electric vehicle market amid intense competition.

BYD Co. overtakes Tesla as the world's top seller of electric vehicles (EVs), with a record 3.02 million units sold globally in 2023.
BYD's aggressive international expansion includes plans for a new factory in Hungary and potential sites in Mexico, aiming to capture markets in Europe and the Americas.
China's EV exports, led by BYD, surge as the country overtakes Japan to become the world's top car exporter in 2023.
European Commission investigates subsidies for Chinese EV manufacturers amid concerns of market distortion.
BYD's net profit jumps over 80% in 2023, signaling strong growth despite intense competition and price wars in the EV sector.