BYD will sell 4 million cars in a year – more than Ford and Honda

Thanks to active global expansion and strong demand in its native China, BYD is confidently approaching this goal, writes Reuters. Over the past 11 months of this year, the Chinese auto giant managed to sell 3.76 million cars worldwide. In October and November it was sold at [полумиллиону](https://motor.ru/news/byd-sales-02-11-2024.htm) units. If December is as successful, this will be more than enough to fulfill the plan.

So far, 90 percent of BYD’s sales come from China, according to estimates from the China Passenger Car Association (CPCA). In the largest car market, the brand’s share is growing rapidly: in 2024 it amounted to 17.1 percent versus 12.5 percent in 2023.

By comparison, Volkswagen’s two Chinese joint ventures with SAIC and FAW together account for 11 percent of the market. Last year their figure was 14.2 percent. Volkswagen is reducing its presence in China: in order to save money, it will lay off hundreds of workers and get rid of a plant it shares with SAIC in Xinjiang.

According to experts, in 2025 BYD can increase sales volumes to six million and become equal to global giants like General Motors and Stellantis.

Details have been revealed about the Toyota crossover with a BYD engine. Almost like the Lada Aura: stretched models for China. BYD has fully revealed the interior of the large Xia minivan.

BYD’s success is attributed to the presence of a wide range of modern new energy vehicles (NEVs) – electric cars and hybrids, the popularity of which is rapidly growing in China.

Taking advantage of the moment, the company is actively investing in expansion: from August to October alone, the production capacity of BYD factories increased by 200 thousand cars per year. It also hired 200,000 new employees, bringing the company’s workforce to nearly one million in September. A year ago, BYD employed a little more than 700 thousand.

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