The mid-term 'report card' of car companies is released: BYD continues to retain the sales champion of domestic car companies

We are already halfway through 2024. As various car companies announce their June sales, the auto market’s report card for the first half of the year is also released. According to statistics from the Passenger Car Association, the cumulative wholesale sales of narrowly defined passenger cars in China from January to June 2024 reached 11.751 million units, a year-on-year increase of 6.1%. China's automobile industry has maintained steady and progressive development.

Among them, the performance of new energy vehicles is still a bright spot in the auto market. From January to June 2024, the cumulative wholesale sales of new energy passenger vehicles nationwide was 4.62 million units, a year-on-year increase of 30.3%. It is worth mentioning that in some months of the first half of the year, the new energy vehicle market penetration rate exceeded 50%.

As the world champion of new energy vehicles, BYD’s sales performance is particularly outstanding. According to data from the Passenger Car Association, BYD sold a total of 1.6071 million vehicles in the first half of 2024, ranking first in the sales rankings of automobile brands in the Chinese market and retaining the title of sales champion among domestic car companies.

BYD’s excellent sales performance in the first half of the year is inseparable from its precise market insights, rich product lines and continued investment in technological innovation. In May this year, BYD launched its fifth-generation DM technology, which achieved NEDC fuel consumption of 2.9L per 100 kilometers and a comprehensive range of 2,100 kilometers on full charge and full fuel. It not only set a new industry record, but also achieved low fuel consumption and long battery life. The advantages directly address the pain points of consumers’ car use. At the same time, Qin L and Seal 06 equipped with the fifth-generation DM technology were also launched on the same day and started delivery immediately after launch, which were widely favored by the market and consumers.

In addition, BYD's globalization process continues to accelerate and achieve upward breakthroughs. From January to June this year, BYD sold more than 203,000 vehicles overseas, a year-on-year increase of 173.8%. Just last week, BYD held an event to mark the completion of its Thailand factory and the rolling off of its 8 millionth new energy vehicle. In just over three years, BYD's cumulative production of new energy vehicles has increased from 1 million to 8 million.

BYD not only hit a new high in domestic sales, but also opened a new chapter in globalization. Up to now, BYD's new energy vehicles have been sold in 88 countries and regions and more than 400 cities around the world. With the commencement of production of BYD's overseas passenger car factories, overseas markets will also be an important battlefield for BYD's growth in the future.

Looking forward to the second half of the year, as new energy vehicle technology continues to mature and consumer awareness increases, the new energy market will usher in a broader space for development and is expected to continue to maintain rapid growth. BYD will continue to be a leader in new energy vehicles, further consolidate its technical strength, launch products that users love, provide assistance for the industry to achieve steady growth throughout the year, and promote the sustainable development of the global new energy vehicle market.

It can be seen from the extremely high content of this European Cup that more and more Chinese companies that are interested in expanding overseas markets have already taken their technologies and brands overseas. On the way to overseas, Chinese brands are a whole. Therefore, the overseas expansion of Chinese automobiles requires each independent brand to do its best, and it is also inseparable from united and joint efforts.

With the trend of continuing to retain the sales top spot among domestic car companies, BYD plans to accelerate its globalization layout, carve out a world for Chinese cars overseas, and move forward with more outstanding independent brands to advance hand in hand and meet at the top on the way to the sea. , work together to create a number of respectable world-class brands.

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