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BYD's Q3 battery electric vehicle (BEV) sales tie Tesla's, positioning it as the global leader in the fourth quarter. China's Ministry of Public Security reported that pure electric vehicle ownership in China stood at 76.9% of new-energy vehicles, with BYD's new-energy passenger car exports exceeding 200,000 units, close to four times the full year of 2022. China is the world's largest market for BEVs, with domestic sales growing by 11% year-on-year and exports showing a four-fold increase, making China the world's largest vehicle producer, consumer, and exporter.

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