BYD sold 526,409 passenger BEVs in the fourth quarter, 8.65 percent higher than Tesla's 484,507 global deliveries.

When the 2,128 commercial NEVs are included, BYD sold 944,779 units of all NEVs in the fourth quarter.

For the full year 2023, BYD sold 1,574,822 passenger BEVs, still below Tesla.

BYD sold 3,024,417 NEVs in the full year of 2023, reaching its target of 3 million units.

In the global BEV market, BYD largely caught up with Tesla in the third quarter.

BYD and Tesla were both in the top two in the global BEV market in the third quarter with a 17 percent share, market researcher Counterpoint Research said in a report released on December 18. Their shares in the same period last year were 13 percent and 17 percent, respectively.

BYD was expected to overtake Tesla as the global BEV market leader in the fourth quarter, Counterpoint said in the report.

BYD catches up with Tesla in global BEV market share in Q3