BYD ranks No. 1, Tesla No. 2, and Nio No. 9 in terms of NEV market share in China in 2023.

Tesla was second in the December NEV sales ranking with 75,805 retail sales, an 8 percent share. Li Auto was fifth with 50,353 sales, a 5.3 percent share.

In the overall passenger car market, which includes internal combustion engine vehicles, BYD had a 12.5 percent share in 2023, ranking first on the CPCA's list.

FAW-Volkswagen is second with 8.5 percent share and Geely is third with 6.5 percent.

BYD beats Tesla in quarterly BEV sales for 1st time ever