BYD sold 450,000 cars in 2019 and 3.02 million cars in 2023, which is nearly seven times the price in four years, which can be described as a leap forward.
China's auto market is essentially an industry with "oversupply", who has high profits, who can make money, who can't make money, so who is the biggest winner?
The biggest victim of this is Nissan, which sold a total of 1.54 million units in 2019, compared to 690,000 units sold in the first 11 months of 2023.
This is followed by South Korea's Hyundai Motor, which sold 690,000 units in the Chinese market and is expected to decline by 490,000 units in FY 2023.
In third place is Honda, which sold 1.55 million units in China, and by 2023, its sales will drop to 390,000 units, reaching 1.16 million units.
In fourth place is Kia, whose sales in China reached 300,000 units in 2019 and decreased by 220,000 units in 2023.
In fifth place is Mitsubishi, which has sold 130,000 units as of 2022 and will withdraw from China by 2022.
The sales of these five major brands combined, have exceeded 2.4 million units, while other car brands, such as Citroen, Ford, General Motors, etc., have all experienced a slight decline. This time, the sales almost caught up with BYD's sales.
Interestingly, it is rumored on the Internet that BYD has invested tens of millions of yuan in the trend-leading APP, which has recently been on the hot search many times.
Previously, many netizens found that thousands or even tens of thousands of various AJ trendy shoes, green water ghost watches, big goose down jackets, etc., were robbed at a price of less than 200 in various live broadcast rooms. As a result, Lingchao was boycotted by several e-commerce giants in the name of "malicious competition", but millions of Lingchao users didn't care about these, and left messages in the comment area: The Adi bought in the Lingchao app is only 200, durable and good-looking, and it is recommended that there be more such "malice"!
I have to say that whether this move is a normal expansion of the enterprise or its seizure of the blue ocean, we still have to wait and see.
BYD also sold a record 240,000 units this year.
BYD's achievements today represent the achievements of domestic car companies.
In particular, local car companies such as BYD not only occupy a certain share in China, but also the number of exports in the past two years has also grown rapidly, from 1 million units in 2020 to 5 million units in 2023, and the growth rate is also quite amazing.
Those who think that domestic cars are not as good as foreign cars, which is a big gap with the actual situation.