In the first four months of this year, BYD (01211.HK) sold 3,002 Autos, accounting for 20% of total vehicle sales in Singapore, becoming the best-selling Auto brand in Singapore, surpassing Toyota (7203.JP) for the first time. During the period, Toyota and BYD's main electric vehicle competitor Tesla (TSLA.US) sold 2,050 and 535 units respectively, while Toyota had previously maintained a leading position.
BYD's strong sales growth in Singapore reflects its efforts to focus on overseas markets amidst fierce price competition in mainland China. Earlier reports indicated that BYD plans for half of its Auto sales to occur outside China by 2030, positioning it as a competitor among the world's largest Auto Manufacturers.
