BYD Surges Ahead of Volkswagen in China's EV Market following 10 Millionth Delivery
BYD's Remarkable Growth in Electric Vehicle Deliveries
BYD has rapidly ascended to become China's leading automobile manufacturer, distancing itself from long-time rival Volkswagen. The company’s record of delivering 2.9 million pure electric and hybrid vehicles in just 10 months reflects a remarkable 35% increase from the previous year.
Strong Sales Trajectory Projected
- BYD expects to surpass 4 million units sold by year-end.
- In the third quarter, BYD outsold Tesla with 1.13 million electric vehicles delivered.
- The company achieved a significant milestone by producing its 10 millionth car.
Wang Chuanfu, founder of BYD, has indicated that the company's achievements far exceed his initial forecasts, signaling a potential upheaval in the auto industry.
Market Insights and Future Outlook
“The performance this year will largely beat Wang’s annual forecast of 3.6 million units,
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