BYD Surpasses TESLA In 2023 Electric Vehicle Sales Volume!
-full.jpg)
In the final quarter of the year, BYD has surpassed Tesla as the leader in the electric vehicle (EV) market, selling 526,409 all-electric cars compared to Tesla's 484,507. Both companies have exceeded their annual estimates, with BYD reaching over 3 million and Tesla 1.8 million in sales for 2023.
BYD achieved a record-breaking fourth quarter by selling 942,651 cars, with 55% being fully electric (BEV) and 45% plug-in hybrids (PHEVs). The company discontinued the production of internal combustion engine (ICE) vehicles in April 2022.
-full.jpg)
For the entire year of 2023, BYD sold 3,023,679 electric vehicles, a 62% increase from 2022, with 52% being BEVs. Tesla delivered 1,808,581 vehicles in 2023, marking a 38% increase from the previous year. While Tesla still leads in cumulative sales for 2023, BYD is expected to maintain its position as the top EV maker in 2024.
Initially started as a battery manufacturer, BYD entered the automotive industry in the mid-2000s and is often compared to Tesla. Despite being backed by Warren Buffett, the two companies differ significantly in their products and business philosophies. BYD relies on a vast dealer network for international expansion and domestic sales, in contrast to Tesla's online direct sales model.
-full_normal.jpg)
Furthermore, unlike Tesla's sleek interiors and advanced features, BYD cars have a more traditional design with physical buttons. BYD prioritises research and development in batteries, emphasising affordability and providing substantial value for the price.
Looking ahead to 2024, BYD plans to launch more new models and explore new territories by establishing two new EV brands – YangWang and Fang Cheng Bao. Tesla, on the other hand, has just launched the facelifted Model 3 ‘Highland’, with the updated Model Y slated to be launched in H2 2024. In Malaysia, BYD has the Atto 3 and Dolphin for sale, with the Seal to be launched later this month. Meanwhile, Tesla Malaysia has both the Model 3 and Y currently on sale.
Source: CarNewsChina
Tagged:
Written By
Kumeran Sagathevan
More then half his life spend being obsessed with all thing go-fast, performance and automotive only to find out he's actually Captain Slow behind the wheels...oh well!
JPJ Running Numbers
KUALA LUMPUR
VRF6081
SELANGOR
BSR5144
JOHOR
J9999J*
PULAU PINANG
PSD6847
PERAK
APJ7414
PAHANG
CFH1307
KEDAH
KGG9647
NEGERI SEMBILAN
NEK8743
KOTA KINABALU
SJS9915
KUCHING
QAB1767P
Last updated 11 Jul, 2026
Fuel Price
Petrol
RON 95
RM 3.97
+1.38
RON 97
RM 4.90
+1.75
RON 100
RM 7.20
+2.20
VPR
RM 8.23
+2.00
Diesel
EURO 5 B10
RM 5.12
+2.08
EURO 5 B7
RM 5.32
+2.08
Last updated 30 Apr, 2026
Related News
BYD Breakthrough Solid-State Batteries Arrive In 2027
BYD reports major progress on sulfide solid-state and sodium-ion batteries, aiming for pilot production by 2027.
10-02-2026
BYD Sues U.S. Over Tariffs - A Game-Changer for EVs?
Chinese EV giant BYD challenges U.S. tariffs to bring cheaper electric vehicles to American buyers.
09-02-2026
China Accounted for 35.6% of Global Automotive Market in 2025, 3 Brands in Top 10
China has accounted for up to 35.6% of the global automotive market share in 2025, with three of its brands placed in the top ten.
06-02-2026
BYD’s Next Megawatt Charger Tipped at 1.5 MW Output
Leaked details suggest BYD is preparing a 2nd-gen megawatt charger with peak output of up to 1.5 MW.
03-02-2026
BYD Sales Dip Amid Subsidy Cuts, Exports Remain Key
China’s BYD sees January sales drop 30%, but overseas markets continue to drive growth.
02-02-2026
New BYD Battery Factory To Power Southeast Asia EVs
BYD and Kim Long Motor are building a $130 million EV battery factory in Hue, Vietnam.
28-01-2026
Tesla Model Y Tops China SUV Sales, BYD Drops Out of Top 5
Tesla Model Y dominated China’s SUV market in 2025, selling over 425,000 units and leaving BYD surprisingly out of the top five.
20-01-2026
BYD Seal 08 & Sealion 08 Teased as Brand’s New Flagship Duo
BYD has released official teaser images of its new flagship models from the Ocean series, the Seal 08 and Sealion 08.
16-01-2026
Latest News
Model Y Long Range AWD Discontinued? Why You Might Regret Missing The Last Few Units
Tesla Malaysia has discontinued the Model Y Long Range AWD. Find out what remains in the lineup and how to secure one of the last inventory units today.
10-07-2026
The New Jaecoo J5 EV Is Literally Built For Your Cat—And Malaysia Is Getting Better Specs Than Thailand!
The new Jaecoo J5 EV makes its Malaysian debut at the pet expo! Check out its anti-scratch seats, unique 'Pet Mode', and why our Euro-spec battery beats Thailand's specs.
09-07-2026
MITI Insists Tough New EV Rules Aren't Just To Protect Proton & Perodua From China Competitors
MITI hits back at EV protectionism claims in parliament, explaining why the strict RM200k import price floor is necessary to prevent tax cheating and force foreign brands to build factories in Malaysia.
09-07-2026
The Govt Wants 30,000 EV Chargers By 2030, But We Barely Hit Half Of Our Last Target
MITI targets 30,000 public EV chargers in Malaysia by 2030, but we barely cleared half of our last target. Here is the power grid crisis causing the bottleneck.
08-07-2026
Is This The Next Bezza? Theottle’s ‘Situ’ Render Takes The Perodua C2 Concept To The Next Level
Is the new Perodua ‘Situ’ the electric Bezza we’ve been waiting for? We break down Theottle's stunning render and how it evolves Perodua’s C2 concept into a future reality.
02-07-2026
Porsche Malaysia Quietly Replaces The RM575k Taycan With A Shocking RM775k Price Tag — Here’s Their Official Response
Porsche Malaysia secretly dropped a massive RM200k to RM410k price hike across the EV Taycan line overnight. Is it post-tax-holiday reality or tech inflation?
01-07-2026
Bermaz Just Scrapped Its Deepal Deal, And It Signals The End Of Cheap Imported EVs In Malaysia
Bermaz Auto has scrapped its Deepal deal. With new July 1st MITI rules now in effect, is the era of affordable imported EVs in Malaysia officially over?
01-07-2026
Tesla Malaysia Stays Cheap Despite MITI’s New July Ruling, But There’s A Catch
Tesla Malaysia prices remain steady despite new MITI import rules, but there's a catch. Find out why Tesla is exempt and what the removal of the one-time FSD purchase means for buyers.
01-07-2026
Show More
trending_flat