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BYD Set to Challenge Tesla for the Crown in EV Sales in 2024, Says TrendForce

20 February 2024

TrendForce reports that global sales of NEVs, including BEVs, PHEVs, and FCVs, reached 13.03 million units in 2023—marking a growth rate of 29.8%. This represents a significant slowdown from the 54.2% growth rate in 2022. Of these, BEVs accounted for 9.11 million units with a growth rate of 24%, and PHEVs reached 3.91 million units, growing at 45%.

China Projected to Export 1.2 Million NEVs in 2023 amid Tightening Tariffs by the US, Says TrendForce

2 January 2024

TrendForce reports that the global sales volume of NEVs (including BEVs, PHEVs, and FCVs) is estimated to reach approximately 12.8 million units in 2023. Regional market sales shares are expected to be 60% in China, 22% in Western Europe, 11% in the United States, and 6% in other regions, with China’s market demand distinctly in the lead.

NEV Sales Hit 3.455 Million in 3Q23, BYD’s BEV Sales Hot on Telsa’s Heels, Says TrendForce

30 November 2023

TrendForce’s latest investigations reveal groundbreaking developments in the NEV sector for 3Q23. Total sales of NEVs, including BEVs, PHEVs, and FCEVs, soared to 3.455 million units and registered a substantial 28.1% YoY growth. While BEVs accounted for about 70% of these sales, the standout performers this quarter were PHEVs, which saw a staggering YoY growth of 47.8%—contributing significantly to the momentum of the NEV market. 

TrendForce 2024: Riding the Wave of Revolutionary Tech Trends

17 October 2023

In this press release, TrendForce details the major trends that are expected to take place across various segments in the tech industry in 2024, as follows:

BYD Soared to Become Fourth-Largest Global Car Brand in August and Were Closely Behind Japanese Automakers in Rankings, Says TrendForce

28 September 2023

According to the latest data from TrendForce, car sales across 37 regional markets (as indicated in the notes under the table below) in August totaled 5.55 million vehicles, representing an increase of nearly 1% compared with July.


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