BYD sold nearly 1.6 million pure electric vehicles last year, up 73% from 910,000 in 2022. In the last three months of this year, as the brand expanded, BYD overtook Tesla to become the world's largest manufacturer of pure electric vehicles. 
On the evening of January 29, BYD released its 2023 financial performance expectations, with a net profit of between US$4 billion (29 billion yuan) and US$4.4 billion (31 billion yuan), a year-on-year increase of between 75% and 87%. However, the surge in profits did not lead to a surge in the stock price, as BYD's net profit did not meet analysts' expectations of about US$4.5 billion (31.5 billion yuan). 
After dominating China's electric vehicle market, BYD is accelerating its expansion into overseas markets. BYD is already leading the way in the growing EV market in Thailand, Brazil, and Colombia. BYD has also recently launched new models in Europe, Mexico, Australia, India, and other places.
Although BYD has become a leading brand in low-cost electric vehicles, it is expanding into new areas. Last year, the high-end brand was launched. The brand's first model, the U8 SUV, was launched in September last year with a starting price of more than $150,000 ($109.).80,000 RMB).
BYD unveiled another high-end electric vehicle, the U7, earlier this month. With over 1,000 horsepower, this sports sedan is expected to rival Tesla's Model S Plaid. 
Although BYD's earnings are expected to be slightly lower than expected, the 75% profit growth should not be underestimated. Since most of the parts are homemade, BYD has an advantage over many of its competitors. It even gave batteries** to Tesla, Toyota, Hyundai, Kia, Ford, and several others.
This article is the original article of Chelin Gaiden, **Please contact the original author and indicate the source, plagiarism must be investigated.