egy.   Related reports:Mexico: Chinese vehicles account for 30% of imports and 20% of sales (Jun. 2024) Business Trends of Chinese Parts Suppliers in Mexico (May. 2024)Chinese OEM Overseas Expansion Activities: SAIC, Chery, Dongfeng, Changan (Jun. 2023)Chinese OEM Overseas Expansion Activities: BYD, Geely, Great Wall, NIO, Xpeng (Apr. 2023)   Mexico's light vehicle sales and imports(Source: Created by MarkLines based on INEGI data) ...

Market & Tech Reports  Updated at: 2025/04/30

BYD: Sales Leader in Chinese Market, Accelerating Overseas Expansion 2024 sales volume 9 times higher than 2019 Summary 2024 Sales: Top in China with 4.272 million units, up 41.3% y/y; most are D-segment vehicles Product trends: Expansion of models and accelerating overseas expansion of each brand Core technologies: Promoting BEVs and PHVs, and deepening development capabilities for electrification and smart vehicles Manufacturing sites: Expanded...

Market & Tech Reports  Updated at: 2025/02/18

he previous month, but a 13.2% increase compared to December 2023. In December, the market share of HVs was 7.2%. Cumulative sales of HVs in 2024 was 4.93 million units, an increase of 17.0% from the previous year, and their share of total automobile sales was 7.8%.   In 2024, Chinese OEMs, led by BYD, saw a significant increase in sales volumes. On the other hand, in response to the slowdown in demand for EVs in various countries, OEMs, particu...

Market & Tech Reports  Updated at: 2025/01/24

The top 10 sales by model for October 2024 are as follows.   Electric Vehicle (BEV/PHV/FCV) - Top 10 best selling models (000 units) - Model Maker/Brand P/T 2024October 2023October Y-o-Y 2024 Jan.-Oct. total 2023 Jan.-Oct. total Y-o-Y 1 Model Y Tesla BEV 82 69 17.9% 830 832 -0.2% 2 Seagull BYD BEV 54 43 24.8% 334 185 80.4% 3 Qin L BYD PHV 50 - -% 191 - -% 4 Song PLUS BYD BEV/PHV 47 40 18.5% 340 321 5.8% 5 Seal 06 BYD PHV 46 - -% 16...

Market & Tech Reports  Updated at: 2024/11/26

lows.   Electric Vehicle (BEV/PHV/FCV) - Top 10 best selling models (000 units) - Model Maker/Brand P/T 2024September 2023September Y-o-Y 2024 Jan.-Sep. total 2023 Jan.-Sep. total Y-o-Y 1 Model Y Tesla BEV 102 92 11.1% 750 763 -1.7% 2 Model 3 Tesla BEV 49 26 87.8% 307 349 -12.2% 3 Seagull BYD BEV 43 40 8.0% 280 142 97.4% 4 Qin L BYD PHV 43 - -% 141 - -% 5 Seal 06 BYD PHV 42 - -% 123 - -% 6 Song PLUS BYD BEV/PHV 37 41 -8.2% 292 281...

Market & Tech Reports  Updated at: 2024/10/28

increased 15.2% y/y to 3.092 million units, accounting for 7.8% of total vehicle sales volume.   On August 20, the European Commission published a draft proposal for countervailing duties on Chinese-made EVs. This is on top of the current import tariff of 10%, with additional tariffs of 17.0% for BYD, 19.3% for Geely, and 36.3% for SAIC Motor. An additional tariff of 21.3% will be imposed on automakers who cooperated with the EU investigation a...

Market & Tech Reports  Updated at: 2024/09/27

Group owns Sentient AB, a Swedish company specializing in research and development of automated driving systems for Volvo, and is making steady progress in R&D and manufacturing of automated driving system products.   The company’s domestic and international customers include Geely, Great Wall, BYD, Dongfeng, FAW, Stellantis Group, Ford, Volvo, and Nissan.   The Group established the National Automotive Intelligent Steering System Quality Su...

Market & Tech Reports  Updated at: 2024/09/27

Chinese OEM Overseas Expansion Activities: BYD, Geely BYD to build plants in Brazil, Hungary, etc.; Geely export target for 2024 is 380K units Summary China exports: Export volume in H1 of 2024 increased 30.5% y/y BYD: Building plants in Brazil, Hungary, etc.; NEV plant starts operation in Thailand; first pickup truck debuts in Mexico Geely: Export target for 2024 set at 380K units, accelerating global expansion of the Zeekr brand BYD's car...

Market & Tech Reports  Updated at: 2024/09/17

was 7.7%, down 0.1 points from June. Cumulative HV sales for the January to July period increased 15.1% y/y to 2.706 million units, accounting for 7.8% of total vehicle sales volume.   Thailand is actively attracting EV manufacturers, and Chinese manufacturers are increasingly entering the market. BYD announced on July 5th, followed by GAC Aion on the 17th, that they would each start operations at plants in Thailand. In addition, new models in t...

Market & Tech Reports  Updated at: 2024/08/29

308 million units, accounting for 7.7% of total vehicle sales volume.   On June 12, the European Commission,the EU's (European Union) politically independent executive arm, announced additional tariffs on Chinese-made electric vehicles. The current tariff rate of 10% will be increased by 17.4% for BYD, 19.9% for Geely, and 37.6% for SAIC. These companies were subjects of the sampling survey investigation. Further, an additional tax of 20.8% will...

Market & Tech Reports  Updated at: 2024/07/26

nefiting from unfair subsidies, which pose a threat of economic harm to EU EV manufacturers. If an effective solution cannot be found in discussions with Chinese authorities, additional provisional tariffs will be imposed on EVs imported from China. The additional tariff rates vary by manufacturer (BYD: 17.4%, Geely: 20%, SAIC: 38.1%, etc.), and manufacturers that do not cooperate with the investigation will have the 38.1% tariff added to the cur...

Market & Tech Reports  Updated at: 2024/06/26

. 2023)Tesla: Aiming to become a global volume manufacturer through increased production (Jun. 2023)Inflation Reduction Act: Support for EV/PHEV/FCEV Purchases (Jun. 2023)Chinese OEM Overseas Expansion Activities: SAIC, Chery, Dongfeng, Changan (Jun. 2023)Chinese OEM Overseas Expansion Activities: BYD, Geely, Great Wall, NIO, Xpeng (Jun. 2023)Mexico: Investment plans for near-shoring and EV shift（Apr. 2023）     The trends in the Mexican au...

Market & Tech Reports  Updated at: 2024/06/14

3.9 points from the same month last year to 21.0%. Sales volume in China increased by 188,000 units from the same month last year to 706,000 units, while in Brazil, sales of electric vehicles increased by 3.6 points to 3.7% recording 8,000 units.   In Brazil, most of the electric vehicle sales are BYD models, especially the Dolphin Mini (name outside China for the Seagull), which began sales in February, accounting for half of total monthly sale...

Market & Tech Reports  Updated at: 2024/05/24

last year due to the revision of subsidies in some countries and delays in the development of charging infrastructure, and Ford (U.S.), GM (U.S.), VW (Germany), and others have temporarily curbed their investment in BEVs. In China, on the other hand, as domestic production capacity exceeds demand, BYD Auto Co. Ltd. (BYD) and other Chinese automakers have expanded into Thailand and other countries in search of new markets, sparking competition am...

Market & Tech Reports  Updated at: 2024/05/16

opments.   The top 10 sales by model for March 2024 are as follows.   Electric Vehicle (BEV/PHV/FCV) - Top 10 best selling models (000 units) - Model Maker/Brand 2024 March 2023 March Y-o-Y 2024Jan.-Mar. total 2023Jan.-Mar. total Y-o-Y 1 Model Y Tesla 107 122 -12.7% 252 238 5.9% 2 Qin Plus BYD 40 39 2.3% 77 78 -1.8% 3 Song PLUS BYD 36 32 12.8% 69 104 -33.5% 4 Model 3 Tesla 33 54 -39.1% 90 122 -26.5% 5 Song Pro BYD 28 8 250.1% 56 37...

Market & Tech Reports  Updated at: 2024/04/25

duction to grow by 4.5% (+181k units) on account of fewer disruptions and increased demand. However, the UAW strike in North America that lasted 41 days temporarily halted production at the Michigan Assembly, Chicago, and Kentucky Truck plants, resulting in a loss of nearly 61k units of production. BYD AutoBYD has reportedly picked Hungary as the destination for its new European base to assemble BEVs starting in the second half of this decade. Wh...

Market & Tech Reports  Updated at: 2024/01/30

2023 are as follows.   Electic Vehicle (BEV/PHV/FCV)- Top 10 best selling models (000 units) - Model Maker/Brand 2023 December 2022 December Y-o-Y 2023total 2022total Y-o-Y 1 Model Y Tesla 113 78 44.9% 1,037 691 50.1% 2 Wuling Hongguang MINIEV Wuling 50 71 -29.6% 117 545 -78.5% 3 Seagull BYD 47 - -% 276 - -% 4 Wuling Bingo Wuling 46 - -% 231 - -% 5 Song PLUS BYD 46 - -% 407 - -% 6 Model 3 Tesla 45 52 -13.5% 469 440 6.6% 7 Qin P...

Market & Tech Reports  Updated at: 2024/01/24

BYD: Launch of “Yangwang” and “Fangchengbao” brands Core NEV technologies developed in-house, production capacity in China raised to 4.8M units Summary Announced “Yangwang” and “Fangchengbao” brands, expanding product lineup Core technologies: Off-road super PHV platform, four-wheel independent architecture, intelligent vehicle control system, etc. Vertically integrated production system: Establish core technology and secure suppl...

Market & Tech Reports  Updated at: 2023/12/28

er 2023 are as follows.   Electric Vehicle (BEV/PHV/FCV) - Top 10 best selling models (000 units) - Model Maker/Brand 2023 November 2022 November Y-o-Y 2023 Jan.-Nov.total 2022 Jan.-Nov.total Y-o-Y 1 Model Y Tesla 95 90 5.6% 941 613 53.5% 2 Model 3 Tesla 47 42 11.9% 424 388 9.3% 3 Seagull BYD 44 - -% 229 - -% 4 Qin Plus BYD 41 25 64.0% 411 292 40.8% 5 Song PLUS BYD 39 - -% 361 - -% 6 Yuan PLUS/ ATTO 3 BYD 33 20 65.0% 292 146 100.0...

Market & Tech Reports  Updated at: 2023/12/26

es.   The top 10 sales by model for October 2023 are as follows.   Electric Vehicle (BEV/PHV/FCV) - Top 10 best selling models (000 units) - Model Maker/Brand 2023 October 2022 October Y-o-Y 2023 Jan.-Oct.total 2022 Jan.-Oct.total Y-o-Y 1 Model Y Tesla 67 38 76.3% 846 522 62.1% 2 Seagull BYD 43 - -% 185 - -% 3 Qin Plus BYD 41 32 28.1% 370 266 39.1% 4 Song PLUS BYD 40 - -% 321 - -% 5 Yuan PLUS/ ATTO 3 BYD 35 20 75.0% 260 125 108.0...

Market & Tech Reports  Updated at: 2023/11/27