BYD is coming for Tesla's global EV sales crown, new sales figures reveal
Tesla still makes the world's best-selling EV, but Chinese brands are storming over the charts.
New sales figures for August show Chinese automakers, including Geely and BYD, are rapidly gaining ground on Tesla in the global electric vehicle market. While Tesla's Model Y still tops the list of best-selling pure electric vehicles, BYD's Song (Seal U) and Geely's Xingyuan (EX2) are closing in fast. Chinese brands now account for a significant portion of the world's best-selling EVs, with BYD, Geely, and newer brands filling the top 20 positions.
BEVs saw a 13% year-on-year growth, while plug-in hybrids experienced a 12% decline. Despite Tesla's dominance, the company's sales figures are slipping as Chinese manufacturers, with their diverse model offerings, pose a growing threat to its market share.
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