Tesla Had Best Month Ever in September, BYD Had an Even Better One

Nov. 11, 2022

BYD pulled ahead of Tesla, expected to stay there until at least December

In September 2022, Tesla delivered 190,255 electric vehicles globally – the company’s best month on record – while Chinese rival BYD delivered 192,648 electric vehicles during the same period, topping Tesla and posting its best month on record at the same time.

 

From January 2021 through September 2022, BYD’s deliveries increased gradually and almost consistently month-over-month while Tesla’s deliveries – following their typical sawtooth pattern – increased gradually quarter-over-quarter.

Cumulatively, from January 2021 through September 2022, Tesla delivered 1.848 million electric vehicles to customers globally while BYD delivered 1.769 million.

Given the cyclicality of Tesla’s deliveries (which tend to bottom-out at the start and peak at the end of each quarter) we expect BYD will pull ahead of Tesla in October and November 2022 on a cumulative basis but the ultimate victor will be determined in December when a wave of year-end Tesla deliveries reach customers.

Worth noting – 50% of BYD’s electric vehicle sales in 2022 YTD and 45% in 2021 were PHEVs while 100% of Tesla sales over the same period were BEVs.

This important distinction is evident when we look at how much battery capacity (in watt-hours) each automaker deployed onto roads in newly-sold electric vehicles over the same period.

For example, in September 2022 alone, Tesla deployed a booming 13.9 GWh of battery capacity onto roads globally versus 6.7 GWh deployed by BYD.

Moreover, from January 2021 through September 2022, Tesla deployed a staggering 132.9 GWh onto roads worldwide, more than double the 65.6 GWh deployed by BYD over the same period.

Consequentially, from January 2021 through September 2022, Tesla consumed roughly twice as much lithium, 17-times as much nickel and four-times as much cobalt as BYD, according to Adamas Intelligence data.

 

 


More Data and Insights from Adamas Intelligence

Must-have intelligence for automakers, cell suppliers, battery materials manufacturers, miners, explorers, investors and other stakeholders with a professional interest in the EV, battery and battery materials industries.

We offer a number of interactive data tools and subscription-based reports for clients seeking regular updates, analysis, and insights into the fast-moving markets and supply chains that we cover.

 


EV Battery Capacity and Battery Metals Tracker

Building on ongoing EV registrations in over 80 countries, our web-based platform helps users track monthly deployment of battery metals and materials, battery capacity, and the ever-evolving competitive landscapes of battery chemistries and cell suppliers.

The tracker’s intuitive user interface and interactive charts and filters let users quickly zoom in on specific regions, countries, automakers, models, cell suppliers, battery chemistries, battery materials and more.

Subscription includes access to the online platform plus a wealth of Excel data, all updated monthly.


Schedule a Live Demo



EV Motor Materials Monthly

Our new ‘EV Motor Materials Monthly’ is a subscription-based report and data service for tracking motor demand, NdFeB magnet demand, and other key developments in the global EV traction motor market month-after-month, as they happen; by region, country, motor type, EV type, EV make, EV model and motor supplier, plus the latest developments in rare earth and NdFeB alloy prices.

Every report contains a detailed snapshot of the latest monthly market data, plus an additional 12 months of historical data for context and comparison. All reported monthly data available to subscribers in Excel format.

Download a Sample Report



EV Battery Capacity Monthly

Our ‘EV Battery Capacity Monthly’ is a subscription-based report and data service for tracking monthly deployment of battery capacity (in MWh) in passenger EV batteries by country, region, EV make, EV model, cell supplier, cell chemistry, EV type and more.

Every report contains a detailed snapshot of the latest monthly market data, plus an additional 12 months of historical data for context and comparison. All reported monthly data available to subscribers in Excel format.


Download a Sample Report



EV Battery Lithium Monthly

Our ‘EV Battery Lithium Monthly’ is a subscription-based report and data service for tracking monthly deployment of lithium in passenger EV batteries by country, region, EV make, EV model, cell supplier, cell chemistry, EV type and more.

Every report contains a detailed snapshot of the latest monthly market data, plus an additional 12 months of historical data for context and comparison. All reported monthly data available to subscribers in Excel format.


Download a Sample Report



EV Battery Nickel Monthly

Our ‘EV Battery Nickel Monthly’ is a subscription-based report and data service for tracking monthly deployment of nickel in passenger EV batteries by country, region, EV make, EV model, cell supplier, cell chemistry, EV type and more.

Every report contains a detailed snapshot of the latest monthly market data, plus an additional 12 months of historical data for context and comparison. All reported monthly data available to subscribers in Excel format. 


Download a Sample Report



EV Battery Cobalt Monthly

Our ‘EV Battery Cobalt Monthly’ is a subscription-based report and data service for tracking monthly deployment of cobalt in passenger EV batteries by country, region, EV make, EV model, cell supplier, cell chemistry, EV type and more.

Every report contains a detailed snapshot of the latest monthly market data, plus an additional 12 months of historical data for context and comparison. All reported monthly data available to subscribers in Excel format.


Download a Sample Report

 

Page 1 Created with Sketch. Back to overview