BYD on track to top 2024 sales goal and outsell Ford, Honda
BYD is set to show further market share gains when November vehicle sales data is released on Monday, putting it on course to exceed its annual goal and overtake Ford and Honda in global sales.
BYD has been on an extraordinary expansion this year, growing capacity and undertaking a massive hiring spree to turbocharge revenue, which overtook EV leader Tesla in the third quarter.
Aided by robust sales in China that continued in recent months, BYD is now on course to beat its annual sales target of 4 million vehicles, more than Japan's Honda and Detroit-based Ford in 2024 worldwide sales.
The Chinese electric vehicle giant delivered 3.76 million vehicles in the first 11 months this year including 506,804 units sold in November.
Its strong sales, led by a competitive lineup of models with its latest plug-in hybrid technology, are likely to show the firm added more market share when the China Passenger Car Association (CPCA) releases industry-wide November vehicle sales data.
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