BYD outsells Toyota, Tesla to become top-selling carmaker in Singapore in 2024

CnEVPost15:40

BYD sold 6,191 cars in Singapore in 2024, higher than Toyota's 5,736 and Tesla's 2,384. BYD's share of the Singapore car market was 14.39 percent in 2024. BYD (HKG: 1211, OTCMKTS: BYDDY) has become...

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43,022 annual sales in the Singapore automotive market.\nToyota sold 5,736 vehicles in Singapore in 2024, coming in second with a 13.33 percent share. The sales volume is up 48.72 percent from 3,857 in 2023.\nBMW was third with 5,042 units, up 49.22 percent from 3,379 in 2023, for a share of 11.72 percent.\nMercedes-Benz was fourth with 4,887 units, up 26.94 percent from 3,850 in 2023, for an 11.36 percent share.\nTesla was fifth with 2,384 units, up 153.62 percent from 940 units in 2023, for a 5.54 percent share.\nApart from BYD, several other Chinese brands saw hundreds of units sold in Singapore in 2024.\nMG sold 534 units in Singapore in 2024, Xpeng (NYSE: XPEV) 336 units and GAC 310 units.\nBYD launched the Atto 3 in Singapore in July 2022, which is the Yuan Plus in China, as its first major model in the local passenger car market.\nBefore that, BYD was delivering electric buses and the e6 as a cab in Singapore.\nAfter the Atto 3, BYD launched the Dolphin in July 2023 and the Seal in October 2023 in Singapore.\nLast October, BYD's premium sub-brand Denza launched the D9 MPV (multi-purpose vehicle) in Singapore.\nSingapore is one of the most costly regions in the world for car ownership, mainly due to the COE (Certificate of Entitlement), which gives residents the right to own and use vehicles there.\nIn the case of the BYD Seal, for example, the sedan's starting price, including COE, was SGD 238,888 ($176,040) when it was launched in Singapore, much higher than the RMB 175,800 ($24,130) in China.\n($1 = RMB 7.2847, $1 = SGD 1.3572)\nBYD exports 11,038 Shark pickups from China in 1st year of availability\n\n\nFollow us by email: \n\n\n\n\n\n    Get Newsletter\n  \n\n\n\n\n\nRelated posts on CnEVPost\n\n\n\n\n \n\n\nBYD enters El Salvador passenger car market, opens 1st local store\n\n\n\n\n\n \n\n\nBYD Yangwang U9 electric supercar reaches 100-unit delivery milestone\n\n\n\n\n\n \n\n\nBYD Yangwang shows capabilities of U7's body control system with rooftop maze game\n\n\n\n\n\n \n\n\nBYD exports 11,038 Shark pickups from China in 1st year of availability\n\n\n\n\nShare this post:XFacebookTelegramReddit\">RedditLinkedInPocketEmailWhatsAppPrintThreads","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2505061570"}