• BYD’s sales volume has increased by 40%, making it the seventh-largest global automaker by volume.
• The company sold more cars than Honda last quarter, overtaking it for the first time ever.
• BYD isn’t far behind Ford in terms of global quarterly sales, and could overtake the company if it can keep its momentum up in the face of new tariffs. 

Chinese automaker BYD is knocking it out of the park. The marque’s sales have skyrocketed in recent months, climbing 40% between April and June. It’s now sold a whopping 980,000 vehicles so far this year.

That uptick in sales volume has paced BYD to overtake a number of legacy automakers for the second quarter, including its two most recent opponents: Nissan, and for the first time ever on a quarterly level, Honda.

BYD

Last year, BYD ranked as the world’s 10th-largest automaker by volume after selling 700,000 vehicles by the end of Q2. This year, it’s ranked 7th according to Nikkei.

To further put BYD’s success into perspective, the only Japanese automaker to have sold more vehicles than BYD in 2024 is Toyota. Toyota landed in first place with 2.63 million units sold. Next up on BYD’s hit list is Ford, which has sold 1.04 million vehicles so far this year., followed by GM with 1.29 million units.

A good chunk of BYD’s success was its overseas sales. The automaker managed to account for around 4% of China’s total 2.79 million vehicle exports—that’s 105,000 units. That might not seem like a lot, but the total figure means BYD has nearly tripled the number of exported vehicles despite international tariffs being a growing concern.

Other sales drivers include revamped tech, price cuts, and the sale of BYD’s affordable home-market EVs like the Seagull, which sells for just under $9,800. 

This sales volume points towards BYD continuing to make big strides throughout the year. If the automaker continues to sell in record volume, it could outpace Tesla (even though it didn’t manage to do so in Q2).

However, with looming tariffs in Europe driving up the cost of its vehicles, BYD may face some slower growth for the remainder of the year. That hasn’t stopped it from exploring its options, though. The brand is currently evaluating space in Mexico for a new production facility and is planning to expand into Canada. As of now, BYD is not planning to sell vehicles in the U.S., but if the day comes, the automaker will have to find a way to defeat a 100% import tariff on its EVs.

Chinese automaker BYD made headlines last quarter when it overtook automotive giants Honda and Nissan in terms of sales volume. This noteworthy achievement demonstrates BYD’s growing influence and market presence in the highly competitive global automotive industry.

According to recent industry reports, BYD had a remarkable performance in the last quarter, selling more vehicles than both Honda and Nissan. This milestone marks a significant moment for BYD, as it signifies the company’s increasing popularity and consumer demand for its vehicles.

BYD’s success can be attributed to several factors. One key factor is the company’s strong focus on electric vehicles (EVs), which have gained popularity in recent years due to increasing environmental concerns and advancements in EV technology. BYD has been at the forefront of EV innovation, offering a wide range of electric vehicles that appeal to consumers looking for sustainable transportation options.

Additionally, BYD’s investment in research and development has paid off, as the company continues to introduce cutting-edge technologies and features in its vehicles. This commitment to innovation has helped BYD differentiate itself from its competitors and attract a loyal customer base.

Furthermore, BYD’s strategic partnerships and collaborations have also contributed to its success. By forming alliances with other industry players and expanding its global reach, BYD has been able to tap into new markets and capitalize on growth opportunities.

While BYD’s achievement in outselling Honda and Nissan is certainly impressive, it also serves as a wake-up call for traditional automakers to adapt to the changing automotive landscape. With the rise of electric vehicles and shifting consumer preferences, automakers must continue to innovate and evolve to remain competitive in the market.

Looking ahead, BYD’s success in the last quarter serves as a testament to the company’s commitment to excellence and its ability to thrive in a rapidly changing industry. As BYD continues to expand its market presence and introduce new and innovative vehicles, it is poised to become a major player in the global automotive market.

In conclusion, BYD’s recent milestone of overtaking Honda and Nissan in sales is a significant achievement that highlights the company’s rapid growth and success in the automotive industry. By focusing on electric vehicles, innovation, and strategic partnerships, BYD has positioned itself as a key player in the industry and a force to be reckoned with in the future.