Chinese electric vehicle manufacturer BYD has overtaken several established Western carmakers, including Volkswagen, in global EV sales. In 2023, BYD sold 3 million electric vehicles, surpassing competitors even as overall EV demand showed signs of slowing.
In July 2024, BYD’s monthly sales outpaced other major brands:
- BYD: 340,799 units
- Honda: 302,625 units
- Nissan: 261,386 units
- Tesla: 1.8 million units sold globally in 2023
To support its growing international presence, BYD has constructed the world’s largest car-carrying ship, capable of transporting 9,000 vehicles. Ingeniously designed with floor-mounted slots, the ship ensures that cars remain secure in all sea conditions, including rough waters. The vessel has already been used to ship cars to Brazil, highlighting BYD’s expanding global logistics capabilities.
For businesses, BYD’s rapid growth and innovative logistics demonstrate the importance of strategic planning, operational efficiency, and compliance in supporting global expansion.
At NS Global Consultants Pte. Ltd., we assist companies with corporate secretarial, bookkeeping, compilation, and tax services, helping businesses navigate complex international operations while remaining compliant and well-structured.
Contact us today to learn how we can support your business in scaling operations and managing cross-border compliance.