BYD becomes the sixth largest automotive manufacturer in the world, surpassing Ford sales

For the first time in history, Chinese automotive company BYD has successfully sold more vehicles than Ford.

During the third quarter (July-September), BYD sold 1.13 million vehicles, marking a 38 percent increase compared to the same period last year.

In comparison, Ford sold fewer than 40,000 vehicles during the same period, causing the manufacturer to drop one rank, becoming the seventh largest in the world.

However, for the period from January to September, Ford is still ahead of BYD with total sales of 3.3 million units, slightly more than BYD’s 3.25 million units.

It is not impossible that by the end of the year, BYD’s sales could reach 4 million, surpassing Ford’s total sales for the year 2024.

In addition to BYD, several Chinese automotive companies have also reported sales increases that could be concerning for Japanese, European, and American manufacturers.

For example, during Q3, Geely experienced a sales increase of 14 percent, reaching 820,000 vehicles, surpassing Nissan and trailing behind Honda at ninth place.

China’s third-largest manufacturer, Chery, recorded a 27 percent sales increase to 550,000 units, placing it in twelfth position.

Toyota’s sales, however, decreased by 4 percent to 2.73 million units, although the Japanese giant still leads the chart ahead of the VW Group, which saw a 7 percent decline to 2.17 million vehicles.

While Hyundai Motor Group remains comfortably in third place, it also reported a 3 percent sales decline to 1.77 million units.

In fifth place, Stellantis seems to need to work harder as the sales difference with BYD is only around 10,000 units.