BYD, China’s leading electric vehicle (EV) manufacturer, is poised to exceed its 2024 sales goal, signaling another year of significant growth. The company is set to release November sales figures on Monday,

Tesla, the U.S. EV maker, delivered 1.3 million vehicles—all battery-powered—in the first nine months of the year, slightly higher than the 1.2 million battery electric vehicles sold by BYD over the same period. Tesla sold 1.81 million cars in 2023.

BYDs November sales crossed 506,000, pushing its 2024 total near 3.8 million. With a 70% surge in hybrid sales, the Chinese EV leader is closing the gap with Honda and Ford in a transformative year for the

As of October, BYD's share of the China auto market, which makes up more than 90% of its total sales, stood at 16.2%, up from 12.5% in 2023, according to the CPCA data. By comparison, Volkswagen's two joint ventures with SAIC and FAW Group took a combined 12.5% market share in the January-October period, compared with 14.2% last year.

Chinese automaker BYD is set record over 4 million units sold during the 2024 calendar year, with plans to up that total to between 5 and 6 million units.

As of October, BYD’s share of the China auto market, which makes up more than 90% of its total sales, stood at 16.2%, up from 12.5% in 2023, according to the CPCA data. By comparison, Volkswagen’s two joint ventures with SAIC and FAW Group took a combined 12.5% market share in the January-October period, compared with 14.2% last year.

The global automotive landscape is shifting rapidly, with electric vehicle makers challenging traditional giants. China's BYD, the world’s largest EV manufacturer, is making waves. After dominating its home market,