BYD Ranked as Seventh Largest Automaker Globally in Q2 2024 with Impressive Growth

TapTechNews on August 23rd, according to the latest data released by the market research organization MarkLines, In the second quarter of this year (April-June), BYD ranked as the world's seventh largest automaker with 980,000 global new car sales, a year-on-year increase of 40%.

It is reported that due to the impact of certification violations and reduced demand for pure electric vehicles, the sales of both the Toyota Group (2.63 million, ranked first) and the Volkswagen Group (2.24 million, second) have declined.

BYD's global new car sales in the second quarter of 2024 were 980,000, with a year-on-year increase of 40%, and its overseas sales reached 105,000, with a sales increase of about 3 times. The latest ranking is seventh, surpassing Honda (920,000, eighth) for the first time.

BYD's sales from April to June 2023 were 700,000, ranking only 10th in the world, but within one year, it has surpassed Honda, Nissan and Suzuki, which ranked higher, and is also approaching one of the three major US automakers, Ford (1.14 million), and the possibility of further breaking the industry ranking is very high.

TapTechNews attaches the following list of global new car sales in the second quarter of 2024:

Ranking Automaker Sales (in thousands) Year-on-year growth 1 Toyota Group 2630 -4% 2 Volkswagen Group 2240 -4% 3 Hyundai Motor and Kia 1840 -1% 4 Stellantis 1560 -13% 5 General Motors 1430 -10% 6 Ford 1140 +2% 7 BYD 980 +40% 8 Honda 920 -5% 9 Nissan Motors 790 -4% 10 Suzuki 780 +7%