November 13, 2024 12:57 PM | 2 min read Also Read: Chinese EV Maker BYD Edges Closer To Ford’s Sales Volume After Beating Tesla In Revenue Race As of October 2024, BYD has sold over 3.25 million vehicles, marking a 36% year-on-year increase. In October alone, the company surpassed half a million units sold, showing impressive growth from the same period in 2023. If this growth trajectory continues through the end of the year, BYD’s 2024 sales could exceed 4 million vehicles, positioning the company to potentially surpass Ford, which sold 4.4 million vehicles globally in 2023. Turning to its South Korean expansion, BYD Korea is actively building a regional network for passenger vehicle sales and services, CnEV Post added. The company is currently focused on recruiting staff, obtaining necessary vehicle certifications, and finalizing marketing and employee training plans. BYD’s entry into the South Korean consumer EV market is expected to increase competition in the country’s growing low-cost EV segment, where domestic players Hyundai Motor and Kia have already started rolling out more affordable electric models. Image via Shutterstock