BYD Ranks Among The Top Ten Automakers in The World

According to foreign media reports, BYD surpassed Mercedes-Benz Group and BMW for the first time to rank among the world's top 10 best-selling car companies, indicating that electric vehicles are reshaping the automotive industry.

In the first half of 2023, BYD's global new car sales increased by 96% year-on-year to 1.25 million units, ranking tenth, according to research institutes and automakers. In contrast, BYD ranked 16th in 2022 and didn't even make it into the top 20 in 2021.

BYD delivered an excellent sales report card thanks to its strategy. On the one hand, BYD is focusing on electric vehicles and plug-in hybrids and winning more market share by expanding its low-end and high-end product lines.

On the other hand, BYD is also actively entering overseas markets. In the first half of 2023, BYD exported more than 80,000 Chinese-made vehicles and expanded its presence in Thailand, other Southeast Asian countries and Russia.