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 China BYD gegen VW
 infographic
Graphic zeigt den Marktanteil von Chinas neuen Elektro-Vehikel Herstellern.
GN44216DE

BUSINESS

BYD überholt VW in China

By Duncan Mil

April 26, 2023 - Chinas Automarkt, größter der Welt, wird von BYD dominiert. Der Warren Buffett-gestützte EV-Autohersteller ist derzeit die bestverkaufte Marke in China, hat Volkswagen vom ersten Platz verdrängt.

According to data released by the China Association of Automobile Manufacturers, BYD’s sales of New Energy Vehicles (NEVs) in China’s first quarter rose to 441,000 units, compared to Volkswagen’s 427,240 units. VW’s electric vehicle sales accounted for just five per cent at 21,500 cars.

“BYD is very, very strong,” Volkswagen Chief Executive Officer Oliver Blume said during an event at the Shanghai auto show this month. “In the end, not everything is about volume. We want to have a successful business, and it is more important to be the best international group here in China.”

BYD sold 552,076 cars globally in January-March, up 90% from Q1 2022, with more than 124,800 vehicles abroad.

According to Bloomberg Intelligence, Shenzhen-based BYD will sell at least three million vehicles this year, up from 1.86 million in 2022.

The company is due to report first-quarter results Thursday. BYD’s shares are up 16% in Hong Kong this year, giving it a market value of about $95 billion versus Volkswagen’s $77 billion, dwarfed by Tesla Inc.’s market value of $515 billion.

Sources
PUBLISHED: 26/04/2023; STORY: Graphic News; PICTURES: BYD
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