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

Bull Bear Daily January 1, 2024 1 minute read
FILE PHOTO: BYD's electric vehicle (EV) Qin moves on a

FILE PHOTO: BYD's electric vehicle (EV) Qin moves on a street in Beijing

(Reuters) – China’s BYD Co, 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.

(Reporting by Gnaneshwar Rajan in Bengaluru; editing by Jason Neely)

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tagreuters.com2024binary_LYNXMPEK000DO-VIEWIMAGE

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