According to statistics unveiled by Renergy Power Group, new entrants such as Rivian and VinFast are quickly developing a presence in the global market.
Rivian sold a total of 37,396 units, driven by its premium electric trucks and SUVs, while Vietnam-based VinFast recorded 44,260 sales as it targets global markets aggressively. These brands are part of a new wave of competition which is challenging established automakers, it wrote.
VinFast opened its first dealership in Indonesia in April before debuting its first three dealerships in the Philippines in July.
Furthermore, the Vietnamese EV maker also accelerated the construction of its factories in the United States and India, with further plans to build a factory in Indonesia.
Among the top 30 global battery EV sales, VinFast was followed by famous brands such as Honda, ranking 30th globally with 30,000 units; Subaru, in 35th position with 13,500 units; and Mitsubishi, at 40th with 4,000 units.
The global battery EV market continues its rapid expansion this year, with both Tesla and BYD dominating the charts.
Over the past nine months, Tesla has been able to retain its position as the global leader, delivering an impressive 1,293,656 units in the first three quarters of the year.
In the reviewed period, BYD came second with 1,169,579 units, showcasing the growing dominance of Chinese automakers in the global EV market.
