On July 4, it was a big day for BYD, not only the completion of BYD's first overseas factory in the world - the Thailand factory, but also the 800th new energy vehicle off the assembly line in Thailand.
In addition, on July 5, according to foreign media news, BYD plans to invest $1 billion to build a second factory in Europe in Turkey, and the first factory in Europe in Hungary has been put into operation in April.
This means that BYD is making in-depth layouts in Southeast Asia and Europe.
So when will BYD be the king of the world? According to public data, BYD's cumulative sales from January to May this year were 1.112 million units, ranking eighth in the world, up one place from 2023.
But careful analysis shows that in addition to Toyota's 3.22 million units, from the second to the ninth are between 1 million and 2 million units, and the second Volkswagen is only 1.83 million units.
Let's take a look at the global car sales list in 2023, Volkswagen sold 8.8 million units last year, but only 1.83 million units in the first five months of this year, this data already speaks for itself, Volkswagen sales are declining sharply.
On the contrary, BYD's annual sales in 2023 will be 3.13 million units, 1.112 million units from January to 5 this year, and 341,000 units in the latest June, which means that BYD's half-year sales will be about 1.45 million units. Everyone knows that the peak season for car sales is in the second half of the year, which means that BYD has basically no problem completing its target of 3.6 million units this year.
In fact, due to the difference in statistical caliber, BYD's official sales data is higher than the data released by the Yiche list. Sales from January to June this year reached more than 1.6 million units.
Although there is a slight difference, it does not affect the fact that BYD has grown significantly throughout the year, according to this trend, BYD's annual sales in 2024 are expected to enter the top six in the world, and even more optimistic to enter the top five in the world.
So when will BYD be among the top three in the world?
Let's first take a look at BYD Auto's car sales and year-on-year growth in recent years:
Sales in 2020: 420,000 units.
Sales in 2021: 730,000 units, up 75% year-on-year.
Sales in 2022: 1.87 million units, a year-on-year increase of 256%.
Sales in 2023: 3.13 million units, a year-on-year increase of 62%.
With the increase in volume, the growth rate cannot always be so high, but BYD will maintain an average growth rate of 20-30% in the next three years; In other words, 3.6 million in 2024 is basically no problem, in 2025 it will exceed 4.2 million, and in 2026 it will reach 5 million units.
BYD's sales are mainly to grab the market of fuel vehicles, which means that Toyota, Volkswagen, Ford, Honda and other European, American and Japanese manufacturers will be affected, and sales will decline sharply.
Therefore, it is expected that within 3 years, BYD's sales will enter the top three in the world!