BYD Cruises Past Tesla to First Place in ABI Research's Electric Vehicle Manufacturers Competitive Ranking

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Aug 29, 2024, 08:30 ET

NEW YORK, Aug. 29, 2024 /PRNewswire/ -- A new competitive assessment by global technology intelligence firm ABI Research has found that BYD is the leading Electric Vehicle (EV) Original Equipment Manufacturer (OEM), just beating Tesla for the top spot. The assessment provides an in-depth and unbiased examination of the products offered by 18 OEMs across a wide range of criteria. The companies evaluated and ranked are:

Market Leaders: BYD, Tesla
Mainstream: GAC Aion, General Motors, Hyundai-Kia, Stellantis, Volkswagen, XPENG, ZEEKR
Followers: BMW, Ford, Honda, Mercedes-Benz, NIO, Nissan, Renault, Toyota, Volvo

"The EV market is rapidly growing and is the clear future of the automotive industry. OEMs have had widely differing responses to the EV transition as an opportunity and a challenge; some have fully embraced the technology, while others are being dragged into it against their wishes. This is reflected in their innovation and implementation capabilities," explains Dylan Khoo, Industry Analyst at ABI Research

A total of nine criteria were chosen for this analysis, segmented between innovation and implementation clusters. These included the OEMs' battery technology, platform design, coverage of different vehicle segments, and electrified share of sales. BYD and Tesla stand out as the overall market leaders; electric-only brands from China such as ZEEKR, XPENG, and GAC Aion are also notable for their strong performance in the innovation rankings.

Ahead of Tesla at the top of the rankings is BYD, the Chinese OEM that is taking the world by storm. Tesla scored highly in vehicle range, platform innovation, and fast charging capabilities. BYD, however, significantly outperformed Tesla with its degree of vertical integration and the number of models that it offers in different segments.

"The automotive industry is in a state of transition, and this assessment demonstrates the varying capabilities of OEMs as they try to make it through this period and come out on top. In some areas the new upstart EV brands are a generation ahead of many 'legacy OEMs'. The incumbents must look to technology solutions providers to revolutionize their capabilities and ensure they can maintain their position as the industry electrifies," Khoo concludes.

These findings are from ABI Research's Electric Vehicle OEMs Competitive Ranking report. This report is part of the company's Electric Vehicles research service, which includes research, data, and ABI Insights. Competitive Ranking reports offer comprehensive analysis of implementation and innovation strategies to offer unparalleled insight into a company's performance and standing compared to its competitors.

About ABI Research

ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.

ABI Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。

For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.

Contact Info:

Global
Deborah Petrara
Tel: +1.516.624.2558
[email protected]

SOURCE ABI Research