May 28, 2023
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In the third quarter, BYD overwhelms Tesla in the global market share of electric vehicles- Hong Kong

With the increasing popularity of electric vehicles, the sales of electric passenger vehicles in the third quarter of 2022 will increase by 71% compared with the same period last year. Market competition is also becoming more intense. Tesla, which is quite popular in Hong Kong, can only occupy the second place in the global electric vehicle market, while the Chinese brand BYD ranks first. The market gap between the two is as high as 7.1%.

According to the latest report published by the market research organization Counterpoint Research, BYD won the electric vehicle market champion with 19.7% in the third quarter of this year, followed by Tesla with 12.6%, China’s Wuling ranked third, and Germany’s Volkswagen ranked fourth. China’s Guangzhou Automobile Group ranked fifth. BYD shipped more than 537,000 electric vehicles in the last quarter, an increase of 197% year-on-year. Tesla recorded a year-on-year growth of 43%, with shipments exceeding 343,000 units. Their factory in Berlin, Germany, has increased capacity, which will help meet the increased demand in Europe this summer.

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Although Tesla ranks second in the overall market share, their Model Y ranked first with 7.57% in sales figures in the third quarter of this year. The second place is the cheap car Wuling MINI EV, and the third place is BYD “Song “, and the fourth place is Tesla Model 3. It is worth mentioning that among the top ten car models on the list, six are from BYD.

Source of information and pictures:gizmochina Mewe page:

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Ewen Eagle

I am the founder of Urbantechstory, a Technology based blog. where you find all kinds of trending technology, gaming news, and much more.

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