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Chinese EV giant BYD posts 62% jump in 2023 vehicle sales

Published 01/01/2024, 09:03 AM
Updated 01/01/2024, 09:21 AM
© Reuters. A view of the logo of BYD at the Japan Mobility Show 2023 at Tokyo Big Sight in Tokyo, Japan October 25, 2023.  REUTERS/Issei Kato/File Photo

(Reuters) - China's BYD Co (SZ:002594), the world's biggest seller of battery electric vehicles (BEVs) and plug-in hybrids, sold about 3.02 million vehicles in 2023, an increase of 61.9%, it said on Monday.

The Shenzhen-based automaker said it sold about 1.6 million battery EVs as well as about 1.4 million plug-in hybrid EVs.

BYD said its battery and hybrid EV sales in December stood at 340,178 including 190,754 all-electric vehicles.

Last year, BYD announced plans to build a plant in Hungary.

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Chinese enterprises in the field of new energy are internationally competitive and have the potential to develop overseas market. NaaS (NASDAQ: NAAS), a giant in the charging field, is such a go-global enterprise.
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