Counterpoint Research said BYD had caught up with Tesla in the third quarter, accounting for 17% of the global pure electric vehicle market, and is expected to surpass Tesla in the fourth quarter to become the global leader.。

Strong auto sales helped BYD's (OTCMKTS: BYDDF) share of the global pure electric vehicle (BEV) market reach a new high last quarter。

Market research firm Counterpoint Research said in a report released on December 18 that in addition to Tengshi, BYD Motors caught up with Tesla in the global pure electric vehicle market share in the third quarter and is expected to surpass Tesla in the fourth quarter to become a global leader.。< / p >

According to Counterpoint, BYD and Tesla both had a 17% share of the global pure electric vehicle market in the third quarter, ranking in the top two。Their shares were 13% and 17% in the same period last year.。

BYD ceased production and sales of vehicles powered entirely by internal combustion engines in March 2022, instead focusing on the production of BEV and plug-in hybrid electric vehicles (PHEV)。

According to previously released data, the Chinese new energy vehicle giant sold 822,094 new energy passenger vehicles in the third quarter, including 431,603 pure electric vehicles and 390,491 plug-in hybrid vehicles。

The data released by BYD includes Dengshi. According to the data monitored by CnEVPost, BYD sold 35,817 pure electric and plug-in hybrid vehicles in the third quarter.。

Tesla's models are all electric vehicles, and global sales in the third quarter were 435,059。

Tesla has a factory in Shanghai that produces Model 3 and Model Y。In the third quarter, Tesla delivered 139,624 vehicles in China, accounting for 32 of its global deliveries..1%。

Unlike Tesla, which has only a small number of models, BYD's model series includes the Dynasty series and the Ocean series, and each series contains multiple series of models。

The BYD Model 3, whose competitors are primarily Seal, was originally slated to go on sale in China on July 29, 2022, with deliveries starting in August last year.。

Seal initially offered only the BEV version, with BYD launching a hybrid version of the Seal DM-i on September 6.。

The Seal series sold 25,777 units worldwide in the third quarter, the vast majority of which were sold in China, as exports currently contribute little to BYD's sales.。

According to CnEVPost monitoring data, Tesla Model 3 sold 23,447 vehicles in China in the third quarter.。

Tesla's Shanghai plant implements a pattern of first-half production for export and second-half production for the local market, resulting in volatile monthly sales of Tesla in China。

According to the China Passenger Car Association (CPCA), Tesla Model Y and BYD Song series models are the two best-selling SUVs in China。

Model Y sales in China were 116,177 in the third quarter。BYD Song family sold 172,038 vehicles, of which a small number were exported.。

BYD Song family models include Song Pro DM-i and Song Max DM-i in the Dynasty series, and Song Plus EV and Song Plus DM-i in the Ocean series。The DM-i model is a BYD hybrid vehicle, and the EV model is a pure electric vehicle。

BYD officially launched the Song L pure electric car in China on December 15, which is the latest member of the Song family。

According to Counterpoint, China is currently the largest electric vehicle market, accounting for 58% of the global pure electric vehicle share in the third quarter, and the United States accounted for about 12%。