China-based electric vehicle manufacturer BYD has raised its targets for 2024 even higher. BYD, which is growing rapidly in the electric vehicle sector, announced that it will go beyond the figures it achieved in 2023. The company’s goal is to sell 4.25 million vehicles in 2024. Details are in our news…
BYD raised its 2024 targets: Sales could reach 4.25 million units
BYD recorded significant growth in 2023, selling a total of 3.9 million vehicles. Behind the company’s strong sales performance is the high demand in the Chinese market and the increasing preference for electric vehicles on a global scale. In addition, BYD reached a large sales volume not only in electric vehicles but also in hybrid models.
According to reports, BYD’s 2024 target of 4.25 million vehicle sales indicates that the company expects a 10% year-on-year growth. This growth will be made possible by the company’s expansion in global markets. BYD plans to have a greater presence in key markets such as Europe, Southeast Asia and Latin America. As we know, the company competes with industry giants like Tesla with its competitive pricing strategy and technological innovations.
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In the meantime, it should be noted that the company’s development of its own battery technology and integrated production structure are also behind BYD’s success. The battery technology known as “Blade Battery” makes a big difference in the industry in terms of both safety and performance. The company’s increasing production capacity also supports the achievement of these ambitious goals. In addition, BYD is expected to further expand its production facilities on a global scale in 2024.
According to analysts, 2024 is predicted to be a year of accelerated growth in the electric vehicle market. BYD’s aggressive growth plans will make the race for leadership in this sector even more interesting. Not only does the company want to increase its sales volume, but it also wants to be at the forefront with its sustainability goals. In fact, BYD’s vision is to lead the transformation of the global automotive industry by contributing to a zero-emission future.
