China's BYD caps big year by surpassing Tesla in quarterly sales

Strong domestic EV market lifts automaker, but exports key for 2024

20240102N BYD

Affordable EVs like the Seal have helped BYD attain 62% sales growth for 2023. (Photo by Shizuka Tanabe)

TAKAFUMI HOTTA and SHIZUKA TANABE, Nikkei staff writers

NEW YORK/GUANGZHOU -- Chinese automaker BYD has surpassed Tesla in global quarterly sales for the first time to become the world's top seller of electric vehicles, capping a year of new model launches that saw domestic sales soar.

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