BYD's Q3 report: 824,000 NEVs sold, BEV sales match Tesla
BYD wrapped up Q3 with an impressive sale of 824,001 new enegry vehicles of which 431,603 pure electric passenger vehicles. This represents a whopping 52.4% of its total sales for the period. Tesla, in the same stretch, reported 435,059 pure electric car sales. So even if you discount the various EREVs and PHEVs that BYD makes its sales are already matching the American company’s.
Earlier today Tesla reported a 26.5% jump year-on-year, but a dip of 6.7% compared to Q2. On the other hand BYD saw electric vehicle sales rising by 66.9% year-on-year and 22.6% sequentially.
BYD and Tesla BEV sales comparison
| Quarter | BYD | Tesla | Difference |
|---|---|---|---|
| Q1 2022 | 143,223 | 310,048 | 166,825 |
| Q2 2022 | 180,296 | 254,695 | 74,399 |
| Q3 2022 | 258,610 | 343,830 | 85,220 |
| Q4 2022 | 329,011 | 405,278 | 76,267 |
| Q1 2023 | 264,647 | 422,875 | 158,228 |
| Q2 2023 | 352,145 | 466,140 | 113,995 |
| Q3 2023 | 431,603 | 435,059 | 3,456 |
Over the previous six quarters Tesla outsold BYD by over 670,000 pure EVs, even if the Chinese maker sold more electric-driven cars. But at this point even pure EVs are only 3,456 units apart, and if current trajectories hold, BYD might just zoom past Tesla in Q4.
As we get ready for the final quarter of the year, the electric vehicle arena promises a clash of titans. Will BYD continue its surge and overtake Tesla, or will the American powerhouse find a way to stay ahead?
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