China’s BYD overtakes Tesla as world’s biggest EV maker in Q4 2023

BYD sold 526,400 EVs in the last three months of 2023, beating Tesla’s record of 484,500 deliveries during the same period

Chinese electric vehicle (EV) producer BYD Co has achieved a historic feat by surpassing US-based Tesla Inc as the world’s biggest EV maker in the fourth quarter of 2023, according to a report by Global Times.

BYD said that it had sold about 526,400 EVs in the last three months of 2023, beating Tesla’s record of 484,500 deliveries during the same period. This marked the first time that BYD topped the global EV market on a quarterly basis.

For the whole year of 2023, Tesla still retained its spot as the biggest EV maker, as it delivered a total of 1.8 million EVs, larger than BYD’s total sales of about 1.57 million units. However, BYD’s sales growth rate of 73 percent for 2023 far outpaced Tesla’s 38 percent, raising the prospect that BYD will overtake Tesla in annual sales in 2024.

This is also significant considering that BYD’s market capitalization, at 573.17 billion yuan ($80.21 billion) as of Wednesday, represents only a fraction of Tesla’s $778.42 billion. Over the past six months, BYD’s shares dropped by 28.85 percent, while Tesla’s shares fell by 11.22 percent.

Despite such a huge gap in the financial market, analysts expect that BYD is well positioned to maintain its lead in EV sales in 2024 over Tesla.

BYD’s milestone also came as China’s whole EV sector saw a bumper year in 2023. 

According to the latest data from the China Association of Automobile Manufactures, in the first 11 months of 2023, China’s exports of new-energy vehicles jumped 83.5 percent year-on-year to 1.09 million units. 

Thanks to such rapid growth, China’s total auto exports reached 4.41 units, up 58 percent year-on-year and outnumbering Japan’s 3.99 million units during the same period.

This also represents a landmark event for China’s auto industry as it becomes the world’s biggest auto exporter after surpassing Japan in 2023 and Germany in 2022 – two countries that had been dominating the world’s auto market for decades.

Monitoring Desk
Monitoring Desk
Our monitoring team diligently searches the vast expanse of the web to carefully handpick and distill top-tier business and economic news stories and articles, presenting them to you in a concise and informative manner.

12 COMMENTS

  1. Indeed spells work. I wanna express myself on how this psychic priest Ray saved my marriage from divorce. Myself and my husband were having some misunderstanding and it was tearing our marriage apart to the extent my husband was seeking for a divorce and during that time he left home and I was really devastated I cried day and night I was searching about love quotes online I saw people talking about him and his great work whose case was similar to mine they left his contact info I contacted him told him about my problems he told me that my husband will return back to me within 24hrs i did everything he asked me to do the next day to my greatest surprise my husband came back home and was begging for me to forgive and accept him back he can also help you if you have same marriage issues contact
    psychicspellshrine@gmail. com
    WhatsApp: +12133525735

  2. From my experience, I guess the best way to avoid online scam is by having a very thorough investigation about the subject matter. If i had this advice i would probably have not gone through the ordeal i went through some months past. Binary Options is a blessing to some and curse to many, it almost ruined me. Gracefully, i got in contact with a certified recovery specialist ( Mr WALLINCE ) who helped me with refunds. I can’t say for any other recovery expert but this ( MR WALLINCE ) came to my rescue and I RECOMMEND ONLY his service.

    Contact hes support team for further assistance:

    COINSRECOVERYWORLDWIDE at G M A I L dot C O M

  3. HOW CAN I GET A GOOD HACKER TO RECOVER MY LOST BTC/ETH/USDT/ CYBER WIZARD RECOVERY PRO IS THE BEST AND RELIABLE.

    My name is MONIKA, here’s my recommendation…………….
    I have been in search of a good hacker for over 2 years, Recently I was looking through some websites; then I got Cyber wizzard recovery pro, he was highly recommended on the website so i decided to try him out, he was able to carry out all the task i gave him within 24 hours, He also helps with: Binary Recovery, Files Recovery, Crypto investment, Password, Bypass / Recovery Malware Removal / Criminal Record Expunge, Blank ATM Card, Social Media Hack, Remote Mobile Monitoring & Hacking, Credit Repair and Private Key Reset. he is very good and reliable you can reach out to him if you are in need of the service of a good hacker
    WhasAp him on +4,4, 7,3,6,6,0,1,8, 9,9,6

    email him on cyberwizzard @ seznam . cz

  4. URGENT EFFECTIVE LOVE SPELL DR. TEBE TO GET YOUR EX BACK FAST TO SAVE AND RESTORE YOUR MARRIAGE! +1(661)525 4146

    HELLO, I’ve been searching for help on how to get my ex-lover back who broke up with me 9 months ago… I was traumatized by the breakup and nearly wanted to commit suicide but I thank God that I got the contact with Dr Tebe the spiritual father who helped me to get back my ex-lover after much searching for help from different places. When I got in touch with Dr Tebe, I explained everything to him so he gave me his words of encouragement and told me that he was going to prepare a spell for me that would help me get back my ex-lover within 12hours and I believed in his words for I was referred to him by a friend who he helped and right now, my ex-lover is back and we are living happily together to get married next month. If you need any assistance whatsoever like getting a lover back, lottery winning spell, black magic spell E.T.C. Then, I suggest that you get in touch with Dr Tebe now through his contact (+1 661 525 4146) or Email: Drtebespelltemple@gmail. com.

  5. Recently I was scammed a few months ago through a YouTube channel about investing in cryptocurrency and forex trading, my wife and I had invested €67,000 of our money into this platform, and we were scammed without any remorse from these scammers as they kept asking for more money. We had lost all hope and were bankrupt, we had lost our entire life to these conmen. My wife got sick and we couldn’t afford the hospital bills, it was such a difficult time in our life until we came across the services of SPYWARE CYBER, A cryptocurrency recovery firm that has provided top-notch services for many years now. I acted upon the opportunity and quickly reached out to them, I provided all the information I had with me and the wallet addresses, every detail of the transaction, I couldn’t believe my eyes that SPYWARE CYBER was able to recover our money and was able to track down these transactions to the scammers. We are gladly grateful to the service of SPYWARE CYBER and appreciate their efforts in helping us get our life back together. If you are interested in their services, you can kindly contact them via mail ([email protected]) or visit their website: ( https;//cybegal.net)

  6. Falling victim to a scam that led to the staggering loss of $66,000 left me in a state of profound devastation. The overwhelming feelings of betrayal and disbelief were magnified by the fact that I had entrusted someone with my hard-earned money. Driven by an unwavering determination to seek justice and recover my funds, I embarked on a quest to explore various legal avenues for assistance. testimonials of the effectiveness of Cyberspacehackpro which not only retrieves lost data but also recovers funds. Encouraged by the compelling narratives of others who had successfully regained their financial footing, I decided to reach out to the Cyberspacehackpro for assistance. To my profound amazement, the expert behind the Cyberspacehackpro Tool showcased remarkable efficiency, managing to recover my stolen funds in an astonishingly short period – a mere 48 hours. The exceptional nature of this recovery process extended beyond the swift retrieval of my funds. This added dimension of justice not only validated the effectiveness of the Cyberspacehackpro but also brought an unexpected sense of relief. For those who have endured the distressing experience of losing money to scammers, I wholeheartedly advocate reaching out to Cyberspacehackpro with the details below if you have fallen victim to a crypto scam. Email : Cyberspacehackpro(@) rescue team. com
    WhatsApp: +1 (435) 554- 8126
    Signal +1 (435) 554- 8126

  7. Good day everyone, I’m Jeremiah Anderson from Texas, have been seriously seeking for the help of a hacker, after i notice strange moves around my GF and have been so uncomfortable with her present acts, so i hire MOTIVFUNDSRECOVERY@GMAIL COM to help gain access into her mobile so i can know what is going on, she refused to talk about our investment, anytime i asked about it her mood always changed and she keeps talking to someone over the phone regarding the funds so i felt being betrayed by her until i was able to reach motivfunds team who then get her mobile hacked for me and behold we then discovered that my finance has been dealing with scammers, she send scammers all our savings in hope for a big profit return, i so much thank MOTIVFUNDS RECOVERY who then had our funds recovered back to our wallet address. do not fail to reach them easily if ever in any cyber situation.

    Email : MOTIVFUNDSRECOVERY@GMAIL COM

  8. Hey guys, I am Chailal Klahan. I was skeptical at first but after reading so many reviews I had to give “Jeanson James Ancheta wizard” a try. Mind you, I was burned by two others who claimed to help. Jeanson James Ancheta wizard helped remove my information from the darkweb and also fixed my credit score. The student loans, eviction, collections and charge offs were removed and my FICO score increased to 790 average. West also helped to recover about $78k worth of BTC I lost via a romance scam. Jeanson James Ancheta wizard is reliable and honest; I promised to let the world know about Jeanson James Ancheta wizard, perhaps this 5 star review. Please note I wasn’t in any way paid to write this review.Contact him on email:([email protected]) or WhatsApp number: +44 (7440) 105166 or +44 (7506) 216101.

  9. Losing valuable assets to the hands of thieves is a distressing experience, especially when it comes to digital currencies like Bitcoin. However, amidst the rising concern of Bitcoin theft and loss, I stumbled upon a remarkable service called DANIEL MEULI WEB RECOVERY. I will share my personal encounter with this exceptional team and how their expertise and dedication successfully recovered my lost BTC. Exploring the process, techniques, and the importance of taking timely action, this account aims to shed light on the effectiveness of DANIEL MEULI WEB RECOVERY and offer insights into the world of Bitcoin recovery services. Have they ever experienced the depressing sensation of misplacing something important? Let me tell you, it was a nightmare come true to lose my hard-earned bitcoins to a group of thieves. However, I found DANIEL MEULI WEB RECOVERY just when I had given up hope, and wow, what magic they could perform. Cue the dramatic gasp and frantic search for any sign of hope. That was the gut-wrenching reality I faced when I realized my BTC had vanished into thin air. In my desperate quest to undo the damage, I scoured the internet for any glimmer of hope. And that’s when I stumbled upon DANIEL MEULI WEB RECOVERY, a company that claimed to specialize in recovering lost cryptocurrencies. I have to admit, their name alone intrigued me and gave me a sliver of hope amidst the chaos. When it comes to entrusting someone with the task of recovering your lost bitcoins, expertise, and reputation are crucial factors to consider. DANIEL MEULI WEB RECOVERY seemed to check all the right boxes, so I dug deeper to understand who they were and what their clients had to say about them. DANIELMEULIWEBERECOVERY (AT) EMAIL (DOT) COM OR VIBER: +39.351.201.3528 A team of seasoned professionals with extensive knowledge in the field of cybersecurity and digital forensics. Their expertise in recovering lost cryptocurrencies, including bitcoin, is backed by years of experience and a commitment to delivering results. DANIEL MEULI WEB RECOVERY is an expert when it comes to retrieving lost Bitcoin. They use a method known as blockchain transaction forensic analysis. Putting on a lab coat and magnifying glasses is not required for this, but it does require some serious detective work. They can track the flow of your pilfered Bitcoin and obtain important information that can help them apprehend the offenders by looking via the blockchain. Finding lost or stolen property It’s like a high-stakes game of hide and seek when you play with Bitcoin. But fear not—DANIEL MEULI WEB RECOVERY is an expert at this game. They are capable of locating and following Bitcoin addresses connected to the theft. They can locate your stolen money and improve your chances of recovery by tracing the digital breadcrumbs. DANIEL MEULI WEB RECOVERY doesn’t go at it alone. They understand the power of teamwork, so they collaborate with exchanges and crypto service providers to maximize their recovery efforts. By sharing information and working together, they can halt the thieves in their tracks and ensure that justice is served. It’s like assembling a superhero squad, but instead of fighting crime, they’re fighting for your lost BTC. Do call DANIEL MEULI WEB RECOVERY with the given TELEGRAM: AT DANIELMEULI

  10. Best Crypto Recovery’s Experts I ever know is SPYHOST CYBER SECURITY COMPANY. My experience of online scamming took seconds and cost me thousands. I was fooled by a YouTube video that convinced me that I could make a killing in Crypto, and the minute I clicked the link and deposited funds, I knew something was up, but it was too late. I worked with SPYHOST CYBER SECURITY COMPANY, and they were so helpful and supportive, and in the end, it took a 24hrs , I got almost all of the money back. It wouldn’t have been possible for me to meet up economically because I almost invested all my money but all thanks to Spyhost cyber service with their genius effort to help me recover my already stolen currency.Incase you are a victim of such predicament Please ensure also to reach out to them for help via email: ([email protected]).

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read