In 2023, the abdication of fuel vehicles and the rise of new energy vehicles are showing unprecedented drastic changes, which is undoubtedly a milestone year for China's automotive industry. Today, let's talk about how new energy and China's local auto brands have swept the market in the past year, and at the same time, we will also see what kind of embarrassment the once glorious fuel vehicles and joint venture brands are now revealed.
In this year's automobile market, the real protagonist is new energy vehicles. The data for 2023 is encouraging: domestic brands account for half of the market share, reaching an astonishing 52%. Chery and Geely followed, showing the strong competitiveness of domestic cars. From this moment on, Chinese cars are defining the future of the automotive market.
The vigorous development of the field of new energy vehicles is in stark contrast to fuel vehicles in almost every aspect. Whether it is the soaring sales or the continuous emergence of new products, it shows that new energy vehicles are leading the market with an unstoppable momentum. The strong support of national policies also provides a solid foundation for the development of new energy vehicles. BYD has made history and entered the forefront of the global automotive industry! It surpassed Japan's Suzuki Motor and ranked as the world's 9th largest automaker for the first time, writing the best results in the history of Chinese brand car companies.
I remember that in the past, joint venture cars dominated by virtue of their technology and brand advantages, but the wind direction in 2023 has completely changed. Domestic auto brands are running like dark horses, not only achieving significant sales growth in the domestic market, but also achieving remarkable results in the global market. BYD is a typical example of this. In 2023, BYD's new energy vehicle sales soared to 3.02 million units, a year-on-year increase of 619%, successfully surpassing Tesla and becoming the global champion of new energy vehicle sales. This achievement not only demonstrates the strong strength of domestic new energy vehicles, but also marks BYD's leading position in the global new energy track.
In addition, Chinese automakers have also successfully shaped a new brand image through a high-end and intelligent product strategy, changing consumers' traditional impression of domestic cars. Nowadays, domestic cars are increasingly appearing in the high-end automobile market and becoming a new choice for domestic and foreign consumers. It has also begun to have a place on the international stage. In particular, BYD's footprint has spread to 55 countries and regions around the world, and the sales of new energy vehicles are among the best in the world, with BYD exporting more than 240,000 units in 2023, a year-on-year increase of 334%, becoming a major exporter. This is not only the embodiment of China's leading strength, but also a sign of the overall level of Chinese manufacturing.
It has to be said that BYD's success is not accidental. BYD's intelligent bright sword, its products are both innovative and very competitive. Take its blade battery as an example, the safety and range are eye-catching. Coupled with its super hybrid technology, it is simply the perfect combination of fuel economy and power performance. Its intelligent vehicle control system and high-performance electric platform highlight BYD's accumulation and innovation in technology. As Wang Chuanfu said, electrification is just the beginning, and intelligence will lead the future.
The end of the era of fuel vehicles and the rise of new energy vehicles are not only the progress of technology and the replacement of products, but also a profound foresight and layout of future travel modes. 2023 is the 70th anniversary of China's first birthday, not only the domestic market share has won a big victory, but also surpassed Japan to top the global auto exports. New energy vehicles lead the world, and Chinese brands such as BYD and Chery shine on the international stage, accelerate overseas expansion, and set up factories in Uzbekistan, the Middle East and other places. This pace can't help but make people think: have domestic cars achieved corner overtaking in the field of new energy?