Global BYD sales increase by 62% in 2023
This page is translated from the original post "Les ventes mondiales de BYD en hausse de 62% en 2023" in French.
- 01/01/2024 20:28
With 3 million vehicles sold in 2023, the Chinese BYD sees its sales explode thanks to the rise of electric vehicles.
Who knew about BYD just 12 months ago in France? Yet, the Chinese manufacturer’s sales already reached 1.863 million vehicles (cars, buses, trucks, etc.) worldwide. Equivalent to the highly publicized American rival Tesla… at the end of 2023! But the past year has marked an unprecedented acceleration: +62%.
This is all thanks to the very aggressive commercial strategy of the Chinese giant, which now ranks in the Top 10 global automakers. Also, a very early decision to focus on electric or plug-in hybrid cars.
As proof, the sales dynamic between January and December 2023:
- January: 151,341 units
- February: 193,655 units
- March: 207,080 units
- April: 210,295 units
- May: 240,220 units
- June: 253,046 units
- July: 262,161 units
- August: 274,386 units
- September: 287,454 units
- October: 301,095 units
- November: 301,903 units
- December: 341,043 units
Details show that 100% electric cars reach nearly 1.6 million sales, a 72.8% increase over a year. Again, they went from 71,000 in January 2023 to 190,000 in December 2023.
By making a simple projection for 2024, assuming stable monthly sales compared to December 2024, BYD should sell at least 4.7 million electric cars. To this, one should add hybrid vehicles and others. Likely more than 5 million vehicles in total.
The year 2024 will notably see the brand’s expansion in Europe, especially in France, with an equally ambitious commercial plan. And too bad if the ecological bonus is outlawed before its future factory opens in Hungary. BYD promises: even without the ecological bonus, its cars will still be cheaper than its European rivals. Exciting times ahead…
ALSO READ: Out of 1.8 million Teslas sold in 2023, how many Model 3/Y?
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