BYD Surpasses Tesla as the World's Largest Producer of Electric Vehicles

Record-Breaking Sales and Production Milestones Achieved

Shenzhen, China - March 28, 2023

BYD, the world's leading manufacturer of new energy vehicles (NEVs) and power batteries, has announced a historic milestone: the production of its 7 millionth NEV. This significant achievement surpasses Tesla's production and solidifies BYD's position as the world's largest electric vehicle manufacturer.

BYD's success in the NEV market is attributed to its comprehensive product line, which includes pure electric vehicles, plug-in hybrids, and fuel cell vehicles. The company's unwavering commitment to innovation and technological advancements has enabled it to maintain a competitive edge in the rapidly growing EV market.

In 2023, BYD concluded the year with record-breaking sales volume, surpassing its target of 3 million annual sales. This remarkable achievement underscores the company's unwavering commitment to its product portfolio and its dedication to providing cutting-edge electric vehicles to consumers worldwide.

"This is a significant milestone for BYD and a testament to our dedication to accelerating the transition to sustainable mobility," said Wang Chuanfu, BYD's Chairman and President. "We are proud to have achieved this benchmark and will continue to drive innovation and deliver high-quality, technologically advanced EVs to our valued customers."