The electric car market is undergoing a sudden change, and BYD is expected to surpass Tesla to become the world's largest sales player in 2024.

On July 3, market research agency Counterpoint
Research boldly predicted in its latest report that the global pure electric vehicle (BEV) market will usher in an unprecedented leap, with annual sales expected to exceed 10 million by 2024. vehicle milestone. What is particularly noteworthy is that China's new energy vehicle giant BYD has shown strong competitiveness in this field and is expected to surpass Tesla and become the new overlord of global BEV sales.

1. This prediction not only highlights the vitality and rapid growth of the pure electric vehicle market, but also indicates that the market position of traditional internal combustion engine vehicles (ICE) will face severe challenges, and its market share is expected to decline in the next four years. will gradually fall below 50%.

2. The report further emphasizes that China, as an important driving force in the global electric vehicle market, will continue to expand its influence. It is expected that by 2024, China’s BEV sales will be far ahead of the North American market, reaching four times the latter So much.

3. What’s even more exciting is that China’s BEV sales will maintain more than 50% of the global market share by 2027, and are expected to exceed North America and Europe combined by 2030.

It is understood that BYD’s continuous innovation and market penetration in the field of new energy vehicles have laid a solid foundation for its rise in the BEV market. Counterpoint Research has previously placed high hopes on BYD, predicting that its BEVmarket share will achieve significant growth in 2024, and its annual sales are expected to surpass Tesla**.

At the same time, the hybrid vehicle market is also showing great vitality. Plug-in hybrid electric vehicles (PHEV) and Hybrid electric vehicles (HEV) will continue to lead the trend of electrification market segments in the short term. It reflects the diversified development trend of the new energy vehicle market. -->

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