SHANGHAI/BEIJING — China's top electric vehicle (EV) maker BYD gained market share as the world's largest auto market recorded its fastest-growing month in 2024, setting BYD up to exceed its global annual sales goal and to overtake Ford and Honda.
SHANGHAI/BEIJING — China's top electric vehicle maker BYD gained market share as the world's largest auto market recorded its fastest-growing month in 2024, setting BYD up to exceed its global annual sales goal and to overtake Ford and Honda . BYD has been on an extraordinary expansion this year, growing capacity and undertaking a massive hiring spree to turbocharge revenue that surpassed EV leader Tesla in the third quarter.
5 percent in 2023, according to data from the China Passenger Car Association .In comparison, Volkswagen's two joint ventures with SAIC and FAW Group took a combined 11-percent market share in the January-November period, compared with 14.2 percent last year.
On Track To Top 2024 Sales Outsell Ford Honda
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
RLC Residences Wins Multiple Awards at Outlook 2024 and Carousell Property Awards 2024RLC Residences has been honored with several awards, solidifying its position as a leader in the Philippine real estate market. The brand received recognition for its commitment to offering premium homes that enhance living standards, with notable wins including Best Luxury Condo of the Year and Developer of the Year.
Read more »
Honda Freed Named Japan's Car of the Year 2024-2025The Honda Freed, a third-generation minivan, has been crowned the Japan Car of the Year 2024-2025, following rigorous tests by top automobile journalists. The Mini Cooper was honored as the Japan Import Car of the Year, while the Mitsubishi Triton was chosen for its design.
Read more »
EICMA 2024: The Honda CUV e: is an electrified two-wheeler we want in PHIt makes sense to launch it in our market
Read more »
Honda Riders’ Convention 2024 in Luzon: A Celebration of Unity and PassionHonda Philippines, Inc. successfully held the 4th leg of the Honda Riders' Convention on November 12, 2024, marking a vibrant return to in-person events
Read more »
BYD Surpasses Ford in Global Sales, Challenges Legacy AutomakersChinese automaker BYD has surpassed Ford in global automotive sales, marking a significant milestone in the industry. BYD posted 1.13 million units in the third quarter of 2024, challenging traditional automakers.
Read more »
Taylor Swift's 'Eras Tour Book' Dominates Book Sales in 2024Taylor Swift's 'Eras Tour Book' achieved massive success, selling 814,000 copies over the Thanksgiving weekend, outselling other retail chains. Swift's exclusive deal with Target for this book launch in 2024 sets a significant milestone despite criticisms.
Read more »