BYD takes over as China’s largest auto group with low-cost EVs [Video]

Although BYD was already the best-selling brand in China, it reached an even more significant milestone last month. After overtaking SAIC, BYD is now China’s largest auto group.

After sales surged by 62%, with over 3 million vehicles sold last year, BYD officially became China’s best-selling brand.

Last month, BYD hit an even more significant milestone. BYD is now China’s largest auto group after topping SAIC in September sales. The milestone is significant, given that SAIC has joint ventures with leading global automakers, including Volkswagen GM.

BYD Group sold a record 419,426 vehicles last month, a 45% increase from September 2023. The numbers include BYD’s Denza, Fang Cheng Bao, and Yangwang subbrands.

September was BYD’s fourth consecutive record-breaking sales month. Despite an influx of new competition and an intensifying price war in China, BYD is still taking market share.

BYD’s cheapest electric car, the Seagull, was the best-selling EV in Chinain August, with 40,949 …