Tesla continues to lead the pure electric vehicle ranking in 2023, with a market share of 19.9%, followed by BYD with a market share of 17.1%。Market research firm TrendForce said that after closing the gap in 2023, BYD (OTCMKTS: BYDDF) is expected to challenge Tesla (NASDAQ: TSLA) for the pure electric vehicle (BEV) sales champion in 2024。According to today's TrendForce report, by 2023, Tesla is at 19.9% market share continues to lead the pure electric vehicle ranking, followed by BYD with a market share of 17.1%, and Tesla's sales gap narrowed to 248,000 vehicles。The achievement was attributed to BYD's steady sales performance in China and its growing international presence under the activation of overseas bases, the report said.。TrendForce sees potential for BYD to challenge Tesla's dominance in pure electric car market this year。|Join CnEVPost on Telegram. BYD will stop production and sales until March 2022. It will produce cars powered entirely by internal combustion engines, and instead focus on producing BEV and plug-in hybrid electric vehicles (PHEV)。According to the published data, in the whole year of 2023, BYD's new energy vehicle sales were 3,024,417, including 3,012,906 passenger new energy vehicles and 11,511 commercial new energy vehicles。The Chinese new energy vehicle manufacturer sold 1,574,822 passenger pure electric vehicles and 1,438,084 passenger plug-in hybrid vehicles。In contrast, Tesla, which produces only pure electric vehicles, delivered 1,808,581 vehicles worldwide in 2023.。In the fourth quarter of 2023, BYD's quarterly sales of passenger pure electric vehicles were 526,409, surpassing Tesla's 484,507 for the first time。According to TrendForce data, in the global pure electric vehicle market in 2023, GAC Ai'an will be 5.2% share ranked third, SAIC-GM-Wuling with 4.9% share ranked fourth。In the global plug-in hybrid vehicle market, BYD and Ideal Automobile (Nasdaq: LI) are firmly in the top two, with a share of 33 respectively.8% and 9.6% respectively in 2023。Ideal, which currently sells extended-range electric vehicles (EREV), will officially launch its first pure electric vehicle, the Li Mega MPV (utility vehicle), on March 1.。The TrendForce report pointed out that the market share of ideal cars has risen rapidly due to the focus on the medium and large SUV segment, targeting the home consumer.。According to TrendForce data, the global new energy vehicle market (including pure electric vehicles, plug-in hybrid vehicles and fuel cell vehicles) will sell 13.03 million vehicles in 2023, a growth rate of 29.8%。and 2022 54.2% growth rate compared to the obvious slowdown。Among them, pure electric vehicles accounted for 9.11 million, a growth rate of 24%, while plug-in hybrid vehicles reached 3.91 million, a growth rate of 45%。China remains the largest market for new energy vehicles, accounting for about 60% of the global market share。However, due to the high base effect, China's new energy vehicle sales growth is slowing, and limited sales growth in other regions cannot make up for this gap, which is left by the Chinese market, TrendForce said.。As a result, global new energy vehicle sales growth is expected to slow, with sales expected to be 16.87 million units in 2024, a growth rate of 29.5%。