BYD fails to overtake Tesla in electric vehicle market, according to latest data
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BYD fails to overtake Tesla in electric vehicle market, according to latest data

According to previously published information, Tesla is currently the leader in the global electric vehicle sales ranking, which was published by Nihon Keizai Shimbun, July 28.

This ranking is based upon data from MarkLines, an automotive research firm, that shows the sales of electric vehicles in 66 countries. With 564,000 sold electric vehicles in the first half, Tesla topped the list. BYD followed with 324,000 units, and SAIC-GM-Wuling at 310,000.

The largest annual growth was seen in Hyundai Motor Co., and Kia Corp. Hyundai Motor sold 169,000 electric cars in the first half, more than double the number from the previous year.

The IONIQ 5 & EV6 were launched by Hyundai Motor and Kia in the US and Europe earlier this year. Each model received positive reviews and sold over 10,000 units in the US. BYD also rose from number four to number 2, mainly due to the increased sales of budget-segment and mid-range models, primarily in China. The sales increased by 3.5x compared to last year’s same period.

The Renault-Nissan partnership fell to 6th position after Hyundai Motor’s jump. Toyota and Honda sold each 10,000 electric vehicles, ranking them among the top 20.

 

BYD fails to overtake Tesla in electric vehicle market, according to latest data
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