BYD is the only growing brand in the top 10, up 40% year on year. Tesla was the 14th popular brand, up 38% year on year.
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With a starting price range of RMB 99,800 ($14,650) to RMB 145,800, the Qin Plus DM-i 2023 is the first time BYD has made a model with its DM-i powertrain starting at less than RMB 100,000.
With a starting price of RMB 99,800 ($14,650), the Qin Plus DM-i 2023 is the first time BYD has made a model with its DM-i powertrain start at less than RMB 100,000.
BYD overtook CATL in LFP market share again after six months, the last time being in July 2022.
Chinese companies, including CATL and BYD, saw explosive growth in the power battery market, while South Korean and Japanese manufacturers were not performing as brightly.
BYD has launched the deployment of the project, which will begin construction in the second quarter and is expected to be in commercial operation by the end of the year.