BYD Cars Take Overall Lead in China Market, Tops World EV Sales

2015 can be considered a watershed year for China’s auto industry: for the first time since its first manufactured car rolled off the assembly line in 1956, a Chinese automaker ranked first in total sales against established automakers such as Tesla, Nissan, Renault, Volkswagen, Mitsubishi, BMW, Zotye, Ford, and Chevrolet, to name a few.  For two consecutive months – May and June 2015 – BYD was at the top of the ranking of EV sales worldwide.

Rank

Manufacturer

June 2015

YTD

Global Share

2014 Ranking

1

BYD

5,037

20.409

10

7

2

Tesla

4,994

21.552

11

3

3

Nissan

4,955

27.084

13

1

4

Renault

3,396

12.256

6

8

5

Volkswagen

3,175

15.402

8

11

6

Mitsubishi

2,573

19.393

9

2

7

BMW

1,991

13.127

6

9

8

Zotye

1,990

9.263

5

13

9

Ford

1,666

9.719

5

5

10

Chevrolet

1,627

8.192

4

4

 That car made in 1956 marked the actual beginning of China’s automobile industry, which quickly developed a business model in which foreign makers and their brands—ready to tap into the Chinese market—built vehicles in China through joint ventures with local manufacturers.  Such a model still persists and it has been responsible for bringing the industry to its current state.

In 2008, the Chinese automotive industry became the largest in the world in terms of units produced, but despite the size and potential of the market, Chinese automakers didn’t make it to the top because of weaker manufacturing and core technologies.  Since then, the largest automobile industry in the world has been going through drastic and swift changes. Government incentive policies have empowered domestic makers, paving the way for today’s competitive Chinese auto companies.  

Seizing the opportunity, BYD invested heavily in research and development of proprietary technologies to keep abreast with global market trends and address environmental concerns.  The need for effective and reliable electric vehicles was an offshoot of these trends and challenges, and BYD was at the forefront of the development, production and sales in this vehicle segment.  In that year, the company launched the F3DM, the world’s first mass produced plug-in hybrid vehicle (PHEV).

BYD’s next generation of PHEV, the sedan Qin, was introduced in December 2013 and has since been the top selling PHEV model in China and among the top three worldwide.

In the recent 2015 Shanghai Auto Show, BYD was the first automaker to exhibit only the BEV or PHEV in its lineup. During the event, the company announced the BYD 7+4 EV Strategy—its  comprehensive electrified transportation agenda, which expresses the company’s EV philosophy that electrified transportation goes beyond mere passenger cars, and extends into all forms of transportation, both on-road and off-road. The “7” stands for major conventional vehicles: bus, coach, taxi, private car, urban logistics truck, sanitation truck and construction truck (concrete mixer); and the “4” stands for specific off-road environments: warehouse, mining, airports, ports.

Today, BYD’s EV solutions can be seen running in over 35 countries in five continents.

SOLAR Transport and Automotive Resources Corp. (STAR Corp.) is the exclusive distributor of BYD vehicles in the Philippines with showrooms at BYD Shaw at 312 Shaw Boulevard, New Pleasant Hills, Mandaluyong City, and BYD Batangas City in Areza Town Center, Barangay Concepcion, National Highway, Batangas City.

Call 533-8888 or visit the official website: www.byd.com.ph and www.facebook.com/bydphilippines for more information.