China Auto Giant BYD Sells More Electric Vehicles Than Ever
BYD sold three million battery-powered cars in 2023, a 62% increase over 2022, despite heavy competition and a price war in the Chinese EV industry.
Chinese automakers are expected to have sold about 9.4 million electric vehicles and hybrids in 2023, with sales expected to rise again to 11.5 million in 2024.