Several leading Chinese EV makers, including BYD and NIO, posted strong sales results this week. NIO hit a new record in Q3, while BYD continued its dominant streak with record-breaking EV sales in September.
BYD record September EV sales close gap with Tesla
China continues leading the way in the auto industry’s shift to electric vehicles. Through the first seven months of the year, EV sales reached over 3.06 million, up 28.7% from 2022.
Despite a price war ignited by Tesla earlier this year, Chinese EV makers are gaining market share as they expand internationally.
Leading Chinese automaker (after surpassing Volkswagen earlier this year) BYD delivered a record 151,193 fully electric vehicles in September alone. In light of the progress, BYD sold 431,603 EVs in the third quarter.
The growth was enough to propel BYD significantly closer to EV…