BYD surges past Honda and Nissan’s sales for the first time, targets Ford with low-cost EVs

Tue, 24 Sep 2024 03:37:57 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://electrek.co/2024/08/23/byd-tops-honda-first-time-targets-ford-low-cost-evs/>

"According to MarkLines (via Nikkei), BYD’s new vehicle sales climbed 40%
between April and June to 980,000. The growth was enough to overtake Japan’s
Honda and Nissan for the first time to become the seventh-largest automaker
globally.

A big part of BYD’s surging sales numbers is its incredibly affordable electric
cars. BYD continues slashing prices while releasing lower-cost EV models.

Its cheapest EV, the Seagull, starts at just $9,700 (69,800 yuan) in China.
Meanwhile, much of BYD’s success this year is thanks to growing overseas sales.

BYD sold 105,000 vehicles outside of China, roughly tripling from last year.
After launching in key markets like Mexico, Brazil, Japan, Europe, Thailand,
and other Southeast Asian countries, BYD is already a leading EV brand.

Although global auto leaders like Volkswagen and Toyota’s sales numbers fell in
Q2, BYD continued to see more demand.

Toyota is the only Japanese automaker that sold more vehicles than BYD in Q2, a
stark contrast from past years."

Via Fix the News:
https://fixthenews.com/ritual-technology/

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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