BYD’s retail sales totaled 152,863 vehicles between November 1 and 27, posting a nearly 83% increase in average daily sales compared to the same period a year earlier, according to the data.
BYD’s figure was higher than retail sales of Volkswagen, 143,602, and those of Toyota Motor Corp,, 115,272, which were 0.3% and 0.5% lower, respectively, in year-on-year terms.
However, the group Volkswagen AG continued to outsell BYD, if the 36,847 units sold are included under the Audi brand.
If the retail sales trend holds up throughout the month, it would be the first time BYD, which started making cars in 2003, has topped the sales charts in China and the first time a company with a hybrid lineup plug-in and pure electric vehicles (EVs) lead the charts.
Automakers are bracing for a further decline in the Chinese market as they see the effect of incentives waning and the country’s zero-CO2 policies have driven consumers away from showrooms and weighed on confidence as the economy slows.
Stellantis said in October that its Jeep joint venture in China would file for bankruptcy, the first failure for a foreign brand in the era of electric vehicles.
Other established brands, such as Volkswagen, General Motors, Ford and Hyundaihave seen the use of plants in China fall between 30 and more than 50 percentage points in the last five years.
Source: Ambito
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