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GlobalData blog: BYD Auto’s fast growth in the ASEAN-5 region, reasons and challenges
The Chinese brands accounted for 3.4% of ASEAN Light Vehicle (LV) sales in 2021-22. This share accelerated to 4.9% in 2023 and 5.9% in the first half of 2024. SAIC Group was the largest among the Chinese groups in the region. Despite SAIC expanding its model line-up and presence in all ASEAN-5 markets, the group’s ma....
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