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China's top electric vehicle maker BYD gained market share as the world's largest auto market recorded its fastest-growing month in 2024, setting BYD up to exceed its global annual sales goal and ...
That means it needed at least 467,000 sales in the fourth quarter to beat BYD's 1.76 million total for 2024. Like its Chinese rival, Tesla ended 2024 with a spree of discounts and deals in an ...
BYD sold around 3.8 million cars in the first 11 months of 2024, a 40% year-on-year jump. ... is on course to zoom past its 2024 sales target of 4 million vehicles after selling more than half a ...
BYD ended 2024 achieving 4,272,145 sales, a 41.3% increase compared to 2023. [360] [361] In the Chinese domestic market, with 3,718,281 retail sales, BYD is the market leader with a 16.2% share (all vehicles) and 34.1% share in the new energy vehicle category. Plug-in hybrid vehicles contributed about 60% of its wholesale sales in that year.
The vehicle went on sale Australia and New Zealand as the Sealion 6 in May 2024 as the first plug-in hybrid BYD model in the country. The model was on sale after a last-minute change from the proposed name Seal U. [ 21 ] [ 1 ] Two variants are available, named Dynamic and Premium, both are plug-in hybrid DM-i models.
China's BYD, however, looks set to close the gap after reporting 1.76 million EV sales in 2024. The Shenzhen-based firm's total vehicle sales jumped more than 41% in 2024, year-on-year, to more ...
BYD ended production of purely internal combustion engined cars in March 2022. BYD's automotive business constitutes the majority of BYD's revenue. In 2023, BYD reported a revenue of around CN¥483.4 billion from automotive and related products, a year-on-year increase of 48.9% and accounted for 80.27% of BYD's total revenue. [58]
BYD is chasing down Tesla on EV sales, but the Chinese giant is much more than just a car company. As well as cheap EVs, BYD also makes batteries, buses, trains and even some iPhones and iPads.