In full-year 2023, BYD increased global car production and worldwide sales of passenger vehicles by nearly two-thirds to become the second-largest battery electric carmaker in the world.
In the full calendar year 2023, Chinese car producer BYD increased production and sales of new energy vehicles by 62%. Sales and production of battery-electric passenger cars were up by nearly three-quarters and with nearly 1.6 million battery-electric cars produced, BYD was the worldâs second-largest electric carmaker in 2023. BYD ceased production of petrol-only cars in 2022 and in 2023, battery-electric car production and sales overtook that of plug-in hybrids.
BYD Worldwide Car Sales and Production in 2023 (Full Year)
BYD announced worldwide car sales and car production as follows for the full calendar year 2023:
| SALES | PRODUCTION | ||||||
| 2023 | 2022 | % 22/23 | 2023 | 2022 | % 22/23 | ||
| New energy vehicle | 3,045,231 | 1,877,034 | 62.24% | 3,024,417 | 1,863,494 | 62.30% | |
| â Passenger vehicle | 3,033,662 | 1,870,919 | 62.15% | 3,012,906 | 1,857,379 | 62.21% | |
| â Battery electric vehicle | 1,589,571 | 917,118 | 73.32% | 1,574,822 | 911,140 | 72.84% | |
| â Plug-in hybrid electric vehicle | 1,444,091 | 953,801 | 51.40% | 1,438,084 | 946,239 | 51.98% | |
| â Commercial Vehicles | 11,569 | 6,115 | 89.19% | 11,511 | 6,115 | 88.24 |
BYD Car Sales and Production in 2023
BYD continued to increase both car production and sales at a high rate in 2023 to become the second-largest producer of electric passenger vehicles in the world behind only Tesla, although BYD produced around 30,000 more electric cars in the final quarter of 2023. BYD produced its 6 millionth new energy vehicle in November 2023, only three months after the 5 millionth one was completed.
BYD passed Volkswagen early in 2023 to become the largest car brand in China, which remained by far the largest single-country car market in the world.
Although BYD has increased car sales outside China, its focus on the Chinese car market leaves it exposed to developments and regulations in China where the authorities have been able to change regulations and incentives with short notice. Only around 36,000 of the nearly 309,000 vehicle sales in December 2023 were outside China, while 242,765 (+334%) of all sales in 2023 were outside China in 70 different markets.
BYD produces most of its supply line including the expensive batteries in-house. The battery production alone is considered to give BYD a cost advantage over other electric car producers of 10-15%. In China, the cheapest electric BYD cars sell for around US$11,000 but thus far only more expensive models have been introduced to the European market where BYD still enjoys a comfortable cost advantage over other manufacturers.
Top-Selling BYD Brands and Models in 2023
The top-selling BYD brands were the Dynasty and Ocean series, which achieved sales of 2,877,353 units in 2023, a 55.3% increase from the previous year. DENZA sold 127,840 units in 2023, with the DENZA D9 emerging as the annual MPV sales champion.
New BYD brands YANGWANG and FANGCHENGBAO were launched in 2023 with deliveries starting in November 2023.
Global Worldwide Car Sales by Brand in 2023 (Full Year)
â USA Car Sales by Brand in 2023, 2022, 2021, 2020, 2019, and 2018
â Global Worldwide Car sales by Brand in 2023, 2022, 2021, 2020
Global worldwide sales by brand in 2023:
- Alpine (incl. Renault)
- Audi
- Bentley
- BMW (incl. MINI)
- BYD
- Dacia (incl. Renault)
- Hyundai
- Jaguar (incl. Land Rover)
- JLR (incl. Jaguar & Land Rover)
- Kia
- Lamborghini
- Land Rover (incl. Jaguar)
- Lexus
- Mercedes-Benz
- MINI (incl. BMW)
- Porsche
- Renault
- Renault Group (incl. Alpine & Dacia)
- Rolls-Royce
- Skoda
- Tesla â Model Y Worldâs Best-Selling Car Model
- Toyota (incl. Lexus and Daihatsu)
- Volkswagen Group Sales
- Volkswagen Group Electric Car Sales
- Volvo
NOTE: âSalesâ as reported by the various brands generally refer to deliveries and not necessarily sales to the customer or final registration. Terms and definitions may vary. All statistics are provided by respective car manufacturers unless clearly stated otherwise.
About BYD
BYD is a multinational high-tech company devoted to leveraging technological innovations for a better life. Founded in 1995 as a rechargeable battery maker, BYD now boasts a diverse business scope covering automobiles, rail transit, new energy, and electronics, with over 30 industrial parks in China, the United States, Canada, Japan, Brazil, Hungary, and India. From energy generation and storage to its applications, BYD is dedicated to providing zero-emission energy solutions that reduce global reliance on fossil fuels. Its new energy vehicle footprint now covers 6 continents, over 70 countries and regions, and more than 400 cities. Listed in both Hong Kong and Shenzhen Stock Exchanges, the company is known to be a Fortune Global 500 enterprise that furnishes innovations in pursuit of a greener world.
About BYD Auto
Founded in 2003, BYD Auto is the automotive subsidiary of BYD, a multinational high-tech company devoted to leveraging technological innovations for a better life. Aiming to accelerate the green transition of the global transportation sector, BYD Auto focuses on developing pure electric and plug-in hybrid vehicles. The company has mastered the core technologies of the entire industrial chain of new energy vehicles, such as batteries, electric motors, and electronic controllers. It has witnessed in recent years significant technological advancements, including the Blade Battery, DM-i Super Hybrid Technology, e Platform 3.0, CTB Technology, e⎠Platform, BYD DiSus Intelligent Body Control System, and DMO super hybrid system. The company is the worldâs first carmaker to stop the production of fossil-fueled vehicles on the EV shift and has remained top of new energy passenger vehicle sales in China for 10 years in a row.
Although the initial inspiration behind the BYD acronym, âBuild Your Dreamâ is not part of the carmakerâs official name.
