China’s BYD has joined the world’s top 10 automakers in terms of sales for the first time, overtaking Mercedes-Benz and BMW, in a sign of how electric vehicles are reshaping the automotive industry.
Data from research firm MarkLines and automakers showed that BYD’s global sales of new cars rose 96% year-on-year to 1.25 million vehicles in the first half of 2023, placing it in tenth place behind Japan’s Suzuki Motor Co. The Chinese automaker, which stopped manufacturing gasoline-powered cars in 2022, ranked 16th in sales last year and did not even enter the top 20 companies in 2021, according to Nikkei Asia newspaper, which was viewed by Al Arabiya.net. “.
BYD captured more market share by expanding its lineup at both the low and high end, with a focus on electric and hybrid vehicles.
The Tesla competitor has also made aggressive moves outside the vast domestic market in China. BYD exported more than 80,000 Chinese-made cars in the first half of 2023.
2023-08-28 17:01:57
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