28 August 2023•
May 2023 saw BYD setting a monthly sales record by moving 119,603 units off the lots - a staggering 124% year-on-year increase, compared to Tesla’s 56,000 EVs. For the first time, BYD also outsold Tesla in BEV sales with 352,163 compared to Tesla's 466,140 in Q2 2023.
It's not just the sales and production numbers that are sky-rocketing though; BYD's range, including popular models such as the Han, Dolphin, Tang, Song, Qin, and the luxury Seal, is appealing to a wider range of consumers compared to others in the EV space. At the heart of this growth is the company's innovations in battery technology, with ambitions of becoming a leading global supplier in the near future.
Related: BYD Speeds Ahead in the EV Race, Surpassing Tesla and Into the Metaverse
We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.
Register for our free weekly newsletter
Stay up to date with the latest news, special reports, videos, infobytes, and features on the region's most notable entrepreneurial ecosystems