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BYD overtakes Tesla in Q3 2023 sales growth

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The China-based carmaker, BYD accumulated over 2 million units in sales for the first nine months of 2023 by selling 287,454 vehicles in September, up 42.8% year over year, whereas, its biggest rival, Tesla, missed estimates for its third-quarter deliveries but is on track to hit its annual goal of producing 1.8 million cars.

According to the information, BYD sold 2.07 million EVs from January to September 2023, more than 1.04 million of which were battery EVs, an 80.1% growth from 2022. It saw over 1.02 million plug-in hybrid EV sales in the same period, up 72% from last year.

On the other hand, Tesla reported its production and delivery numbers for the third quarter this year on Monday. The company said it produced 430,488 vehicles and delivered 435,059 cars. The production was up 26.53% year-over-year but down 6.67% from the previous quarter.

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