Etiqueta: toyota

BYD recently announced, as reported in Chinese media, that its 8th Ro-Ro (roll on-roll off car carrier) ship recently departed from the Xiaomo International Logistics Port in Shenzhen, bound for Singapore with over 6,000 vehicles on board. The energy-efficient ship and the expansion of BYD’s export capacity is newsworthy in and of itself. BYD’s cooperation with Shenzhen Port Group to develop green shipping corridors is also significant. However, within the context of Singapore, the shipment has massive implications for this relatively small market. In 2024 BYD sold 6191 vehicles in Singapore. Roughly the size of this one shipment. However, that made them the largest automaker in the country for the year. Not just in EV sales, but in overall vehicle sales, overtaking Toyota. In addition, BYD was already the top selling automaker in the first half of 2025, with 4,667 vehicles representing an 80.4% YoY increase, distancing itself from Toyota in second. Meanwhile, Tesla, once the top EV brand, declined to a few hundred vehicles. Between the new shipment and first half sales, BYD is looking at over 25% of the total Singapore market, even without including 3Q sales.

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