Tesla is still selling more pure electric cars (BEV) than its rival BYD. BYD had more hybrid and battery electric car unit sales. However, fewer pure BEV sales.
May, 2023, BYD plug-in car sales results:
BEVs: 119,603 (up 124% year-over-year)
PHEVs: 119,489 (up 96% year-over-year)
Total: 239,092 (up 109% year-over-year)
BYD plug-in sales Jan-May 2023 year-to-date:
BEVs: 488,614 (up 92% year-over-year)
PHEVs: 507,862 (up 105% year-over-year)
Total: 996,476 (up 98% year-over-year)
Tesla 422,875 delivered in Q1, 2023 (Jan-March) and is tracking to about 450,000 in Q2, 2023. This means there were about 290,000 BEVs for April and May for Tesla. Tesla BEV Jan-May 2023 is about 713,000.
BYD is at 68% of Tesla BEV sales Jan-May 2023. Tesla is 46% ahead of BYD in BEV.
In 2022, BYD sold 911,140 pure electric vehicles. In 2022, Tesla delivered 1.31 million pure electric vehicles.
In 2022, BYD was at 69.5% of Tesla BEV sales. Tesla was 44% ahead of BYD in BEV.
BYD had a significant drop in BEV sales in Q1 of 2023. If this had happened to Tesla then TSLAQ and Tesla haters would have been made this non-stop headline news.
Tesla has slightly increased its lead against BYD in the first 5 months of 2023.
May has ended!
BEV sales in May for 🇩🇰🇳🇴🇸🇪🇳🇱🇪🇸
(Numbers can change tomorrow)🥇 TESLA 22.9% market share ! ! !
🥈 VW 11.8%
🥉 Volvo 9%
…
MG 5.8%
Toyota 2.8%
Ford 1.5%
BYD 0.8%
Porsche 0.4% pic.twitter.com/sm2A6HiKjI— Nicklas 🇸🇪🚗T🐂📈🍀♻️🚀 (@NicklasNilsso14) May 31, 2023
BYD sold about $25 billion worth of battery electric vehicles in 2022 while Tesla sold about $80 billion. BYD total 2022 revenue was about $60 billion.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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Agree. Even with very deep price discount, Tesla failed to beat BYD. In 2024, Tesla will run out of cards to play.
The chart clearly shows they outsold BYD and increased the lead in first quarter of this year.