BYD comes neck and neck with Tesla in global EV sales

China dominates top 10 list while smartphone maker Xiaomi vaults above Toyota

20241206N Xiaomi

Smartphone maker Xiaomi has surpassed Toyota in global electric vehicle sales for the July-September period. (Photo by Shunsuke Tabeta) 

SHOYA OKINAGA and YUMI OKURA, Nikkei staff writers

TOKYO -- Chinese automaker BYD's worldwide electric vehicle sales came close to overtaking Tesla's last quarter, underscoring the rapid progress Chinese players have made in capturing demand beyond their home country.

A total of 2.52 million EVs were sold across 55 markets between July and September, up 5% on the year, data from MarkLines shows. Though growth is slowing, sales are still on the rise globally.

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