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Chinese EV giant BYD posts 62 per cent jump in 2023 vehicle sales

A view of the logo of BYD at the Japan Mobility Show 2023 at Tokyo Big Sight in Tokyo, Japan October 25, 2023.
A view of the logo of BYD at the Japan Mobility Show 2023 at Tokyo Big Sight in Tokyo, Japan October 25, 2023. Photo : REUTERS/Issei Kato/File Photo Acquire Licensing Rights

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China's BYD Co, the world's biggest seller of battery electric vehicles (BEVs) and plug-in hybrids, sold about 3.02 million vehicles in 2023, an increase of 61.9 per cent, it said on Monday.

The Shenzhen-based automaker said it sold about 1.6 million battery EVs as well as about 1.4 million plug-in hybrid EVs.

BYD said its battery and hybrid EV sales in December stood at 340,178 including 190,754 all-electric vehicles.

Last year, BYD announced plans to build a plant in Hungary.

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