BYD has skyrocketed in sales with a 40% increase between April and June, positioning it as the seventh-largest global automaker with 980,000 units sold this year.
Notably, BYD sold more cars than Honda for the first time ever last quarter, indicating a significant shift in the automotive market landscape.
BYD's sales acceleration is largely fueled by overseas demand, exports even accounting for 4% of China's total vehicle exports, despite challenging tariffs.
BYD's strategic price cuts and competitive offerings like the Seagull EV priced under $9,800 have played a crucial role in boosting their sales volume.
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