BYD Solidifies Top 10 Status In Global Automotive Brands For 2024 (Press Release) | V3Cars

BYD retained their spot in the Top 10 global automotive brands for 2024, with a brand value over $10 billion. Operating in automotive, rail transit, new energy, and electronics, BYD sold over 3.02 million cars in 2023, with exports up 334%. Its NEV sales exceed 7.6 million. BYD partnered with UEFA EURO 2024™ and Copa América 2024™ and launched advanced DM technology. Its NEVs are in 77 countries. The debut of its ro-ro carrier "EXPLORER NO.1" highlights its eco-friendly growth and global expansion.

BYD

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Here’s what BYD have to say about the Top 10 Global Automotive Brands Award:

According to the latest Kantar BrandZ Most Valuable Global Brands 2024 report, BYD has successfully retained its position within the Top 10 global automotive brands for the second consecutive year, with a brand value exceeding US$10 billion.

As a global company operating across four major industries—automotive, rail transit, new energy, and electronics—BYD has established a strategic presence across six continents. In 2023, BYD’s car sales surpassed 3.02 million units, with exports increasing by 334% year-on-year. To date, BYD has sold over 7.6 million new energy vehicles (NEVs).

With a steadfast belief in long-term development, BYD continues to build a respected global brand. This year, BYD became an official partner of UEFA EURO 2024™ and a regional partner for CONMEBOL Copa América 2024™ in Latin America. Additionally, BYD launched its fifth-generation DM (Dual Mode) technology, boasting world-leading performance. BYD believes that all these efforts lead to international success, as evidenced by its nearly two-decade-long commitment to new energy technology, its support for dragon boating as an Olympic sport, and its nurturing of young Chinese football talents for the global stage.

In the passenger car segment, BYD’s internationalization strides have been both firm and steady. As of May, this year, BYD’s new energy passenger cars have entered 77 countries and regions, including Brazil, Germany, Japan, and Thailand, gaining worldwide consumer favor. In response to international market demand, BYD is continuously enhancing its eco-friendly and intelligent international logistics system. The maiden voyage of its first roll-on/roll-off (ro-ro) vehicle carrier “EXPLORER NO.1” in January this year exemplifies BYD’s commitment to green, sustainable development and supports the brand’s global expansion.

Kantar BrandZ is the world’s largest consumer-centric brand valuation system. It offers authoritative rankings and analysis for global brands, leveraging comprehensive consumer insights and a unique brand valuation approach. This year, BYD's repeat presence in the Top 10 of the BrandZ global automotive brands underscores the global consumer recognition and trust it has garnered. Upholding a development philosophy that prioritizes technology and innovation, BYD remains committed to introducing more high-quality, high-performance NEV products to deliver a greener and smarter mobility experience worldwide.

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ABOUT THE AUTHOR

Saloni Chaudhary

Saloni is a skilled wordsmith with a degree in journalism and mass communications. Saloni is also a poetess who likes to capture the essence of human experiences, leaving an indelible imprint on the hearts of those who encounter her art. From reading about fashion, she also likes to read about classic motorcycles and vintage cars.

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