China EV maker BYD close to overtaking Nissan in global sales

Tesla rival comes within 400 vehicles of Japanese competitor, quarterly results show

20231030N BYD at Japan Mobility Show

BYD showed off its U8 at the automaker's first-ever appearance at the Japan Mobility Show. © Reuters

SHOYA OKINAGA, SEI MATSUMOTO and MIHO TANKAI, Nikkei staff writers

TOKYO -- Top Chinese automaker BYD has come within reach of surpassing Japanese rival Nissan Motor in global sales, new quarterly results show, as its electric vehicles grab market share at home and abroad.

BYD sold 824,001 passenger vehicles from July to September, up 53% on the year to a quarterly record. Some analysts see its sales for the year reaching 3 million, which would require another 800,000 vehicles this quarter.

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