BYD #1 In World In Plugin Vehicle Sales In 2022!

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BYDTALK
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In the last stage of the 2022 race, BYD scored another record month, this time with 228,502 registrations, up 145% YoY. It again beat Tesla, which had a somewhat disappointing month. Tesla ended with 173,615 registrations, only some 4,000 units above the result of December 2021. More explanation of why Tesla cut prices in January?…

Volkswagen and BMW had record months in December, in no small part thanks to the sales rush in their native Germany. That allowed them to surpass SGMW and become 3rd and 4th, respectively, in December. Will this be something they repeat in 2023?

After a walk in the park in 2019, 2020 and 2021, Tesla this time was beaten by BYD by a significant margin. With its market share slowly eroding (17% in 2019, 16% in 2020, 14% in 2021, and 13% now), possibly stabilizing around 10% in the future, the US automaker will need to diversify its lineup to have a shot at #1. Expect the future (2025?) platform for cheaper, compact vehicles to offer the volume and diversity needed to return to the leadership position.

Congratulations to BYD!
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