Etiqueta: Car sales

BYD's car sales target for 2025 is 5.5 million units, including more than 800,000 in overseas markets, according to local media.

BYD on March 23 announced the launch of a lower-priced car to rival Tesla's Model 3, which has long been the top-selling EV in China.

Tesla's Chinese competitor BYD recorded a 73 per cent jump in fourth-quarter profit on Monday and said its annual revenue for 2024 crossed the $100 billion US mark, surpassing the U.S. automaker.

The Communist Chinese company's new platform solves the biggest problems with electric cars, if a charging network is built to support it.

BYD, Geely Automobile, Tesla and Stellantis are included in this Analyst Blog.

Volkswagen is considering a shift towards military production as its auto business faces challenges, including high costs and declining profits. CEO Oliver Blume stated the company is open to exploring military vehicle production. This move comes amid increased European military spending and Volkswagen's need to support its struggling business. Potential collaborations with defence companies like Rheinmetall are being discussed.

Hyundai smashed several sales records in car sales in February 2025 and the South Korean auto manufacturer is on an upward trajectory in the United States.

The move comes as SAIC loses its car sales crown in China for the first time in nearly two decades, as BYD topped sales of passenger vehicles at more than 4.2 million units.

BYD Korea is currently in talks with its headquarters in China regarding the potential sale of hybrid electric vehicles (EVs) in the Korean market. This move is aimed at appealing to middle-aged consumers who hold more conservative views toward fully electric vehicles, according to Cho In-chul, the managing director of passenger vehicles at the company.

BYD, Geely Auto and XPeng have been highlighted in this Industry Outlook article.