China’s BYD is set to surpass its 2024 sales target of 4 million vehicles, overtaking Honda and Ford globally. Driven by strong domestic demand, BYD’s market share and production capacity continue to soar, solidifying its position as an EV leader.
China’s leading electric vehicle manufacturer, BYD, is poised to demonstrate further market share growth when November sales data is released. The company is on track to exceed its annual target of 4 million vehicles, surpassing Honda and Ford in global sales for 2024. BYD delivered 3.76 million vehicles in the first 11 months of the year, including 506,804 units in November.
Strong domestic sales, supported by its advanced plug-in hybrid models, have driven the firm's expansion, with its share of the Chinese auto market rising to 16.2% as of October, up from 12.5% in 2023. This places BYD ahead of Volkswagen’s joint ventures in China, which combined for a 12.5% share during the same period. Analysts predict BYD could achieve annual sales exceeding 6 million vehicles by 2025, rivaling global leaders such as General Motors and Stellantis.
To meet demand, BYD expanded production capacity by 200,000 units between August and October and hired 200,000 additional workers, bringing its total workforce to nearly one million by September. This scaling effort has enabled BYD to outpace competitors, control costs, and withstand a challenging price war in the Chinese market, which has significantly impacted foreign automakers.
General Motors recently announced over $5 billion in charges tied to its struggling China operations, highlighting the challenges faced by foreign firms in the region. BYD has maintained its competitive edge, leveraging cost efficiencies and supplier negotiations to sustain its growth trajectory.
As the global race for dominance in autonomous vehicles accelerates, China’s auto and tech industries are fast emerging as a serious threat to Tesla’s leadership in self-driving technology.
Chinese EV maker BYD has unveiled its budget-friendly Dolphin Surf in Berlin, intensifying competition in Europe's electric car market with prices starting at just €19,990.
Chinese automakers like BYD are launching fast‑charging EV systems to address one of the biggest hurdles to wider electric vehicle adoption: long charging times. Many drivers worry that their EV batteries could run out during long trips, so rapid recharging is seen as a critical selling point.
Electric vehicle manufacturer BYD is under investigation in Brazil after hundreds of Chinese workers were brought into the country on irregular visas to work on a factory construction in Bahia, with many found in "slavery-like conditions," according to labor authorities, Reuters reports.
BYD surpassed Tesla in fourth-quarter EV deliveries, with a 13.1% sales increase, while Tesla saw a 5% rise.
Iranian Deputy Foreign Minister Abbas Araghchi says there is no ceasefire agreement with Israel, directly rejecting U.S. President Donald Trump’s earlier claim of a truce between the two countries.
Three powerful explosions were reported early Tuesday at Al-Taji military base, about 30 kilometers north of Baghdad.
Three explosions were heard in Tehran early Tuesday, shortly after the Israeli army issued an evacuation alert for the city’s Seventh District, warning of possible strikes..
U.S. President Donald Trump says Iran and Israel have agreed to a complete ceasefire that will end the 12-day war between the two countries.
UK Prime Minister Keir Starmer and Ukrainian President Volodymyr Zelenskyy met in London on Monday and signed a new agreement aimed at increasing Ukraine’s production of unmanned aerial vehicles (UAVs).
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
Iranian Deputy Foreign Minister Abbas Araghchi says there is no ceasefire agreement with Israel, directly rejecting U.S. President Donald Trump’s earlier claim of a truce between the two countries.
Three powerful explosions were reported early Tuesday at Al-Taji military base, about 30 kilometers north of Baghdad.
Three explosions were heard in Tehran early Tuesday, shortly after the Israeli army issued an evacuation alert for the city’s Seventh District, warning of possible strikes..
U.S. President Donald Trump says Iran and Israel have agreed to a complete ceasefire that will end the 12-day war between the two countries.
UK Prime Minister Keir Starmer and Ukrainian President Volodymyr Zelenskyy met in London on Monday and signed a new agreement aimed at increasing Ukraine’s production of unmanned aerial vehicles (UAVs).
Iranian Deputy Foreign Minister Abbas Araghchi says there is no ceasefire agreement with Israel, directly rejecting U.S. President Donald Trump’s earlier claim of a truce between the two countries.
Three powerful explosions were reported early Tuesday at Al-Taji military base, about 30 kilometers north of Baghdad.
Three explosions were heard in Tehran early Tuesday, shortly after the Israeli army issued an evacuation alert for the city’s Seventh District, warning of possible strikes..
U.S. President Donald Trump says Iran and Israel have agreed to a complete ceasefire that will end the 12-day war between the two countries.
UK Prime Minister Keir Starmer and Ukrainian President Volodymyr Zelenskyy met in London on Monday and signed a new agreement aimed at increasing Ukraine’s production of unmanned aerial vehicles (UAVs).
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