BYD Cars PH shatters records with 8,900% growth in 2024
BYD Cars Philippines and ACMobility, the official distributor of BYD passenger vehicles in the country, have achieved a groundbreaking milestone in the New Energy Vehicle (NEV) market. The Ayala mobility solutions platform sold 4,780 BYD passenger vehicles, commanding an 82% share in the Philippine NEV market for 2024.
Of these, 2,078 comprised the BYD Seagull, Dolphin, Atto 3, T3, Seal, Han, and Tang. With a 69% market share in the BEV segment, BYD leads the country in battery-electric vehicles sold in 2024.
The popular BYD Sealion 6 DM-i sold 2,669 units in 2024, making it the brand’s top-selling model. From July, when BYD Cars Philippines introduced it to the market, to December, it was also the bestselling model in the combined NEV and hybrid electric vehicle (HEV) segments, with a 19% market share.
The remarkable sales performance of its electric vehicle offerings propelled BYD’s overall growth by an astounding 8,900% in 2024 compared to 2023 sales. Strong sales confirmed BYD’s rank as the 11th bestselling automotive brand in the Philippines, with a 1.0% market share, even bettering several established big automotive players and other Chinese brands.
BYD also set another global sales record in 2024, complementing this impressive local achievement. Last year, BYD sold 4,272,145 New Energy Vehicles globally, up 41.26% from 2023. This milestone is the first time BYD has sold more than 4 million units in one year. The new sales record makes BYD the undisputed Global New Energy Vehicle Market Sales Champion.
“We are beyond thrilled to share our performance in 2024, marking a pivotal year for BYD in the Philippines,” said Bob Palanca, managing director of BYD Cars Philippines. “This achievement reflects the dedication of our team, the unwavering support of our dealer partners and suppliers, and most importantly, the trust of our valued customers. Together, we will continue driving the Philippines toward a smarter and greener future with innovative and accessible solutions.”
BYD’s extraordinary success was electrified by its state-of-the-art lineup of electric vehicles. The brand’s bestselling model, the BYD Sealion 6 DM-i, also commanded a 14.6% share in the overall Compact-SUV market in 2024 and a 25.9% market share in the same segment from July to December last year.
BYD Cars Philippines also sold 1,062 units of the BYD Atto 3 subcompact crossover in 2024. The country’s top-selling BEV has taken a 35% market share in the segment as it provided Filipinos with a comfortable and reliable Blade Battery-powered electric mobility solution.
The BYD Seagull was the brand’s third-bestselling nameplate, with 411 units released to customers in 2024. Introduced in the Philippines only in September last year, the BYD Seagull had a 38% share of the BEV segment in the last quarter of 2024 while taking 14% of the overall BEV market for the whole year.
