At the beginning of January of this year, the news was published that the Chinese company BYD had surpassed Tesla as the largest electric car manufacturer in the world, due to deliveries in the fourth quarter of 2023. BYD delivered 526,409 electric vehicles throughout the world in that quarter, while Tesla delivered 484,507 in the same time.
BYD has seen rapid growth in the electric car market in recent years. In 2022, BYD was the third largest electric car manufacturer in the world, behind Tesla and Volkswagen. In 2023, BYD surpassed Volkswagen to become the second largest electric car manufacturer in the world. And now it just surpassed Tesla.
This is a very important milestone for BYD, a Chinese company that was founded in 1995, and which began manufacturing batteries for mobile phones and other electronic devices, but expanded into automobile manufacturing in 2003.
There are several reasons for BYD's success in the electric car market. First of all, BYD has a wide range of electric car models that meet the needs of different types of customers. Secondly, it offers competitive prices for its electric cars. And thirdly, it has been creating a solid sales and service network around the world.
BYD's success in the electric car market is due to a combination of factors, including:
- Strong internal infrastructure: BYD has a wide range of internal capabilities, including battery, electric motor and chassis manufacturing. This allows BYD to control the quality of its products and reduce costs.
- Chinese government support: The Chinese government has supported the development of the electric car industry in China. This has provided BYD with a favorable environment to grow and expand.
- Focus on innovation: BYD has invested heavily in research and development. This has allowed BYD to develop new electric car technologies, such as longer-range batteries and more efficient electric motors.
Now BYD is offering the world the latest technology electric cars that compete directly with those of Western brands, and since their prices are good, sales are increasing. It's that simple.
And to strengthen its position in Europe, BYD has just announced the creation of a manufacturing plant for its cars in Hungary, which will strengthen its position in the European market.
And meanwhile I have the feeling (I hope I'm wrong) that European manufacturers are still a little asleep selling cars with fossil fuel engines. And the day they fully wake up, they may find that it is too late to react to the onslaught of cars that are of Chinese origin.
The people of BYD are not stupid at all. I have seen one of their dealerships in Madrid, and the cars were nice apart from having a good price. They are selling well for that reason.
The future belongs to those who react quickly to changes and put themselves ahead, and it remains to be seen who will lead the automobile of the future.
EN 
ES_ES 