Sunday, December 10, 2023

Chinese BYD threatens Tesla’s throne: it exceeds 300,000 sales of plug-in cars in a month for the first time | Companies

Last October, the car manufacturer BYD achieved an unprecedented success for the Chinese company: for the first time it sold more than 300,000 plug-in cars in a month in whole world. The final figure, which includes pure electric and plug-in hybrids, is 301,833 units, 38.4% more than in the same month of 2022, according to data provided by the company. In the first ten months of the year, BYD sold 2.37 million plug-in passenger cars, representing 41% of all cars of this type sold in its entire history (it was built in 1995, although it took longer. later when the production of electric vehicles began), about 5.7 million units.

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This record, the Chinese car company emphasized, adds to the six months that it exceeded the maximum monthly volume. “The good results obtained and the increase in the market share of the global brand form the basis for BYD to become the world’s number one in sales of plug-in cars and the fifth best-selling car brand in the world with a presence in 59 countries, including China, the European Union, the United Kingdom, Japan and Korea,” the company said in a statement in which it did not specify the proportion of electric and plug-in hybrids in sales this.

Among the countries where it is available is Spain, where the company landed this year and now has an offer of five models: the BYD Han, the Tang, the Atto 3, the Seal and, finally, the Dolphin. , the cheapest of them. model. For the first quarter of 2024, the Seal U, an SUV, has been confirmed, and it is expected that three more models will arrive on the Spanish market. Unlike China, its main market, in Spain BYD only offers 100% electric vehicles and does not sell any plug-in hybrids.

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While Tesla continues to lead the world of electric vehicles (the Model Y could end 2023 as the best-selling model in Europe), BYD has emerged as a rival to be reckoned with in the race to become the biggest sells electric cars in the world. The company of tycoon Elon Musk, which launched an aggressive price reduction to gain market share, increased its registrations by 27% in the third quarter of the year, to 435,059 units. In the first three quarters of 2023, the car company sold 1.32 million cars, thereby surpassing the 1.31 million cars it sold in the whole of 2022.

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Nation World News Desk
Nation World News Desk
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