Hyperdrive
BYD Overtakes Volkswagen as China’s Best-Selling Car Brand
- Shenzhen-based BYD sold over 440,000 vehicles in first quarter
- Volkswagen had been top brand in China for at least 15 years
This article is for subscribers only.
BYD Co. is China’s best-selling car brand for the first time, dethroning Volkswagen AG as it continues its meteoric rise.
The Warren Buffett-backed electric-vehicle maker leapfrogged its German rival in the first quarter, selling more than 440,000 cars in China, according to automotive industry data compiled by Bloomberg. BYD Chairman Wang Chuanfu said last month he aimed to overtake Volkswagen by the end of 2023.