Global car sales increased by 11%: China’s share remains at more than one-third, BYD’s performance is outstanding

According to news on February 2, Cui Dongshu, Secretary-General of the Passenger Car Association, recently published an article providing an in-depth analysis of the latest trends in the global automobile market in 2023.

According to public data, global car sales will increase by 11% year-on-year in 2023, totaling 89.18 million units. China's automobile market performed outstandingly, accounting for 34% of the global market share, consolidating its position as the world's largest automobile market.

According to the performance of major global car companies, Toyota Group is still the leader of global car companies, with a market share of 11.8%. Volkswagen Group and Hyundai-Kia followed in second and third place respectively. Remarkably, Chinese car company BYD entered the global top ten for the first time, occupying 3.5% of the market share and ranking ninth. This not only shows BYD's strong momentum in the global market, but also highlights the vigorous development of China's automobile industry.

It is understood that BYD's market share in 2023 will nearly triple compared to 2021, becoming the only car company among the top ten to achieve share growth. This huge success is due to BYD's rich experience and technology accumulation in the field of new energy vehicles. BYD has always been committed to innovation and continuous market expansion, which is also a key strategy for their success. By continuing to launch high-quality, high-performance new energy vehicle products, BYD has won the trust and recognition of consumers. At the same time, BYD has also actively carried out global market expansion, not only achieving remarkable results in the domestic market, but also making gratifying progress in the international market. Biya

In general, the global market share of China's own brand cars has gradually increased. In addition to BYD, independent brands such as Chery, Changan, and SAIC are also showing strong development trends. At the same time, except for Tesla, the market share of other international brands has declined. This trend indicates that the influence of China's own brand cars in the global market will further increase.

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