China-based automotive giant BYD, announced that it has achieved great sales success since the beginning of 2024. The company has reached a significant milestone by selling 1 million cars in total in the first nine months of 2024. In addition to this success, BYD‘s performance in August 2024 is also remarkable. Having sold more than 373 thousand vehicles in the past month BYD, thus revealing how powerful an era it was in.
BYD announces sales figures for 2024: Elon Musk is surprised
BYD‘s impressive sales figures support the company’s strategy to increase its influence in the global automotive market. Announcing plans to establish a factory in Turkey BYD, aims to strengthen its presence in the Turkish market. In addition, the Chinese automotive manufacturer, which has established a production facility in Hungary, plans to expand in the European market. BYDaims to capture 5 percent of the European automotive market in the near future, which shows the company’s aim to become a stronger player in regional markets.
BYD‘s strategic moves and sales success highlight how quickly the company has grown and gained a competitive market share in the global automotive industry. Expansion plans and increased production capacities in Europe, BYDWe can say that these are valuable steps towards achieving the company’s future growth goals. We will wait and see how the company will continue this success and in what direction its impact on the global market will take shape.
