Chinese automaker BYD sold 526,409 full-electric vehicles in the fourth quarter, meaning Tesla will need a record showing to maintain its No. 1 status.
BYD, which is China's best-selling car brand, reported EV and hybrid sales of 340,178 in December — including 190,754 all-electric cars — aided by aggressive end-of-year discounting, according to an exchange filing Monday.
In total, BYD sold 3.01 million units in 2023. The automaker said it sold about 1.6 million full-electric cars as well as about 1.4 million plug-in hybrid EVs.
BYD should find out within days whether it has sold enough cars to overtake Tesla for the first time on a quarterly basis to become the world's biggest seller of fully electric EVs.