text: Posted 9.665 Mil Units, a 36.4% YoY Growth
  Jan to September 2023, the total number of electric vehicles registered in
  countries around the world was approximately 9.665 million units, a 36.4% YoY increase.
  In the global EV sales by major OEMs from Jan to September in 2023, BYD, leading the Chinese EV market, posted a 71.7% YoY growth, continuously keeping the top position on the list. BYD accounted for the largest pie based on its variety of line-up including Song, Yuan Plus (Atto3), Dolphin, and Qin. Among them, the sales performance of Song in Q3 saw a 37.2% QoQ increase, leading the growth of BYD. Tesla recorded a 45.7% YoY growth by delivering more than 1.32 million units to customers by Q3 this year. Tesla saw a favorable sales of its main models, Model 3 and Y, and has a plan to launch a model with slight changes applied to Model 3. The Volkswagen Group, ranked 3rd, exhibited 27.0% of growth by delivering approx. 680k units to customers mainly with ID.3/4 and Audi Q4 and Q8 E-Tron models.
  (Source: Global EV and Battery Monthly Tracker – Oct 2023, SNE
  Group recorded a 10.0% YoY growth by selling more than 420k units of IONIQ 5/6,
  EV6, Niro, and Kona. The Group, who broke the record of the highest performance
  in Q3 this year, announced that it would focus on expanding its market share by
  promoting the global awareness of IONIQ and by increasing the sales of
  eco-friendly vehicles through strengthening the line-up of hybrid models.
  (Source: Global EV and Battery Monthly
  Tracker – Oct 2023, SNE Research)
  region, China took an unequaled position by capturing 57.9% of market share. China’s
  current growth momentum has been driven by BYD who accomplished a vertical
  integration through which it manufactures in-house battery as well as its own electric
  vehicles. Since it started to concentrate on making new energy vehicles and securing
  price competitiveness through vertical integration, BYD stopped the production
  of internal combustion engine vehicles. As a result of shifting its focus to
  EVs, BYD sold approx. 1.925 million units of new energy vehicles in China this
  year alone. Given the total number of new energy vehicles sold in China this
  year to be 5.599 million units, it can be said that, among 3 new energy
  vehicles sold, one should be vehicle made by BYD. According to local news, the
  net profit of BYD in Q3 recorded 10.413 billion yuan (approx. 1.93 trillion won).
  The news reported that it was first time for BYD to have its net profit in a
  quarter exceed 10 billion yuan. When it comes to the growth of European market,
  the favorable sales of Volkswagen and Stellantis group have been a driving
  factor in growth. The North American market registered a higher growth compared
  to China and Europe based on overwhelmingly high sales performance by Tesla.
   The xEV sales of 80 countries are aggregated.
   Based on electric vehicles (BEV+PHEV) delivered to
  customers or registered during the relevant period.
   (From Jan 2022 ~ Sep 2023) Downward adjustment by taking the export volume of some Chinese companies from the Chinese domestic amount