Summary
- BYD rose to the 3rd best selling auto brand in the world in 2024
- BYD only sells plug-in vehicles and saw a significant increase in sales
- BYD ranked 49th in the world in 2019
- Sales trends for major automakers showed varying changes year over year
- BYD’s stock is available for purchase through online stock brokers like OTC:BYDDY at $72.87
Article
In February 2025, BYD rose to become the 3rd best-selling auto brand in the world, jumping 6 positions from the previous year. This significant rise is attributed to the fact that BYD only sells plug-in vehicles, showcasing the increasing demand for electric cars and plug-in hybrids in the market. In 2019, BYD was ranked 49th globally, highlighting the rapid growth and success the company has experienced in a relatively short period of time. This success is a clear indication that the narrative claiming that consumers do not want electric cars is outdated and inaccurate.
Looking at the sales performance of various automakers in 2024, Toyota experienced a slight decrease in sales, while Volkswagen’s sales remained stable. On the other hand, BYD saw a significant increase of 41.6% in sales, solidifying its position as a top-selling auto brand. Other automakers like Honda, Ford, Hyundai, Chevrolet, Kia, and Nissan either saw a decrease or minimal growth in sales. Mercedes, however, experienced a sales increase of 1.5%, showcasing a mixed trend in the industry.
With BYD’s rapid growth and potential to rise even further in the global ranking, it is surprising that this achievement has not garnered more attention or recognition. Comparing BYD’s trajectory to that of Tesla, it is evident that Tesla’s market capitalization is significantly higher despite selling fewer models and focusing primarily on electric vehicles. This raises questions about the valuation and perception of electric vehicle manufacturers in the market, especially given the growth and success BYD has experienced in recent years.
For investors interested in BYD but unable to access the stock through the US market, purchasing foreign stocks through online stock brokers is an option. BYD’s stock price is currently at $72.87 (OTC:BYDDY), and while there may be fees associated with buying and selling off-market stocks, long-term investors may find value in holding onto the stock. As for the future of BYD, Toyota, Volkswagen, and Honda sales in 2025, it will be interesting to see how these automakers adapt to the changing market dynamics and consumer preferences.
In conclusion, BYD’s rise to become the 3rd best-selling auto brand globally in 2024 underscores the growing demand for electric vehicles and plug-in hybrids. The company’s rapid growth and success signal a shift in the automotive industry towards cleaner and more sustainable transportation options. As BYD continues to expand its market presence, it will be important to monitor how other automakers respond to the changing landscape and whether they prioritize the development and production of electric vehicles to meet consumer demand.
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