2023-10-13 01:05:38
The gap between China’s BYD and Tesla, which are competing for first and second place in global electric vehicle market share, has widened by more than 7 percentage points this year. BYD continued its high growth and solidified its No. 1 position in the market. Tesla failed to regain first place despite its aggressive price-cutting policy to increase demand. ▲ Tesla electric vehicle factory
According to market research firm SNE Research on the 13th, the number of newly registered electric vehicles (including plug-in hybrids) around the world from January to August was 8.703 million, a 41.3% increase compared to the same period last year.
BYD ranked first in sales with 1.839 million units, an 87.4% increase. The market share reached 21.1%.
Tesla ranked second with a market share of 13.5%, with sales increasing 62.5% to 1.179 million units.
Third and fourth places were Shanghai Automobile Group (SAIC, 654,000 units) and Volkswagen Group (593,000 units), up 20.4% and 26.4% from the same period last year, respectively. Hyundai Motors and Kia recorded 374,000 units, an 11.7% increase from the previous year.
By region, China took unrivaled first place with a market share of 59.4% (5.168 million units). This was followed by Europe (1.968 million units, 22.6%) and North America (1.057 million units, 12.1%). Asia excluding China recorded a market share of 4.8% (414,000 units), and other regions recorded a market share of 1.1% (95,000 units).
Reporter Kim Hee-ri
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