BYD has achieved a significant milestone by becoming China’s largest auto group, overtaking SAIC in September sales. Previously recognized as the best-selling brand in China, BYD has solidified its position with a remarkable surge in sales, reporting a 62% increase and surpassing 3 million vehicles sold in the previous year.
In September, BYD recorded a historic sales figure of 419,426 vehicles, marking a 45% increase compared to September 2023. This achievement encompasses vehicles from BYDâs various subbrands, including Denza, Fang Cheng Bao, and Yangwang. The month also marked BYDâs fourth consecutive record-breaking sales performance, demonstrating resilience amid rising competition and a fierce price war in the Chinese automotive market.
Among its offerings, the BYD Seagull has emerged as a standout model, becoming the best-selling electric vehicle (EV) in China. In August, BYD sold 40,949 Seagull models, followed by another 43,425 units sold in September. With a starting price of under $10,000 (69,800 yuan), the Seagull is gaining traction not only domestically but also in international markets.
In contrast, SAIC has struggled to maintain its position in the market. The companyâs joint venture with GM, SAIC-GM-Wuling, saw a dramatic 35% drop in sales in September, with only 313,260 units sold. Year-to-date, SAIC has recorded sales of 2,649,333 vehicles, reflecting a 21.5% decline compared to the previous year.
In comparison, BYD has sold 2,747,875 vehicles through September, achieving a 32% year-over-year increase. BYDâs production numbers now outpace those of SAIC, signaling a significant shift in the competitive landscape of the Chinese automotive industry.
Source:Â CarNewsChina
