Chinese company BYD has achieved a remarkable achievement after selling more than one million electric vehicles in 2024, strengthening its leadership position in the electric vehicle market.
Most notable achievements:
- 373,082 eco-friendly cars sold in August, breaking its previous record.
- Hybrid car sales up 73% compared to August 2023.
- Electric car sales to surpass 1 million units in 2024.
- Overseas sales increased 26% to 31,451 units in August.
Success factors:
- DM 5.0 Hybrid system launched in May, reducing costs and improving fuel efficiency.
- Introducing the e-Platform 3.0 for electric vehicles, enhancing efficiency and charging capabilities.
- Expanding into new markets, with nearly 265,000 vehicles sold outside China through August.
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Promising future:
- BYD overtook Honda and Nissan to become the world’s seventh-largest automaker in the second quarter, and with new, more efficient and competitively priced models, the company is on track for a strong end to the year.
