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BYD Reported 3.02 Million Vehicle Sales in 2023—but Not All Were Battery-Electric

BYD reported more than 3 million vehicle sales in 2023, but the total included both battery-electric cars and plug-in hybrids.
Entry041 Date Time2 min MechanicCarCody Team
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BYD reported selling 3,024,417 vehicles in 2023, up 61.9% from 2022. That total was not 3 million battery-only electric cars: Reuters reported it included about 1.6 million battery-electric vehicles (BEVs) and 1.4 million plug-in hybrids (PHEVs). The distinction matters when comparing BYD with automakers by powertrain or market share.

What BYD reported for 2023

In a January 2, 2024 announcement, BYD said it sold 3,024,417 vehicles during calendar year 2023, a 61.9% year-over-year increase. The company also reported 341,043 sales in December, up 45% from December 2022. These are figures reported by BYD, not independently audited or reconciled in the cited sources. BYD’s announcement

How many of those vehicles were battery-electric?

Reuters described the annual mix as approximately 1.6 million battery-electric vehicles and 1.4 million plug-in hybrids. So the headline figure of more than 3 million is best understood as BYD’s broad vehicle or new-energy-vehicle sales total—not as more than 3 million battery-electric cars. Reuters’ 2023 sales report

For December, Reuters reported 340,178 battery and hybrid vehicles sold, including 190,754 all-electric vehicles. This is a monthly powertrain breakdown and should not be confused with BYD’s 341,043 total December sales reported by the company.

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What “EV leader” means in this comparison

Leadership depends on which vehicles and period are counted. The International Energy Agency said BYD became the world’s best-selling battery-electric car company in the second half of 2023. Separately, when both BEVs and PHEVs are counted, the IEA put BYD’s share of global electric-car markets at just over 20% for 2023. The market-share figure therefore does not describe battery-electric cars alone, and the leadership statement is specific to the second half of that year. IEA: Trends in the electric vehicle industry

The wider electric-car market in 2023

The IEA estimated that nearly 14 million new electric cars were registered worldwide in 2023, about 18% of all cars sold. Its passenger-car figures include both BEVs and PHEVs. China, Europe and the United States together accounted for nearly 95% of global electric-car sales, so the global share reflects a market concentrated in those regions. IEA: Trends in electric cars

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BYD’s brands and exports

BYD said its Dynasty and Ocean series sold 2,877,353 units in 2023, a 55.3% increase, while DENZA sold 127,840. The company also identified YANGWANG and FANGCHENGBAO as brands launched in 2023, with deliveries beginning in November. Its announcement does not provide a complete, comparable model-by-model sales breakdown.

BYD reported exports of 242,765 units in 2023, up 334.2%, and said its vehicles reached more than 70 countries across six continents. Those are company-reported export figures; they should not be treated as equivalent to all overseas sales or registrations. BYD’s 2023 announcement

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How to read the headline number

  • 3,024,417: BYD’s reported total vehicle sales for 2023, including BEVs and PHEVs.
  • About 1.6 million: Reuters’ approximate count of BYD battery-electric vehicles that year.
  • Leadership: the IEA’s battery-electric leadership description applies to the second half of 2023; its just-over-20% market-share figure counts BEVs and PHEVs together.

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