BYD overtakes VW in China

China’s auto market, the world’s largest, is dominated by BYD.
The Warren Buffett-backed electric car maker is now China’s best-selling marque, displacing Volkswagen for the first time

BYD's lithium iron phosphate Blade Battery - with 50% higher energy density – gives range of over 520 kilometres

China’s new energy vehicle* makers (market share, Jan-Mar 2023) 

Chinese-owned companies

BYD 38%
Tesla 10.5%
GAC Aion 6.1%
SAIC-GM-Wuling† 5.9%
Changan     4.6% 
Geely     4.5%
Li Auto     4.0%
Nio 2.4%
Hozon 1.7% 
BMW  Brilliance 1.6%


441,000 new energy vehicles
405,740 fossil-fuel vehicles

VW total vehicles 427,240
21,500 new energy vehicles


             
*Includes battery electric vehicles and hybrids
†Joint venture between SAIC, General Motors and Liuzhou Wuling Motors


Sources: Bloomberg, China Passenger Car Association, Reuters Picture: BYD © GRAPHIC NEWS