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Gasgoo.com - According to sales data from research firm MarkLines and automakers, in the second quarter of this year,BYDGlobal sales exceededHondaCars andNissanAuto, becoming the world's seventh-largest automaker, mainly thanks to strong demand for its affordable electric vehicles.

Image source: BYD

Data shows that from April to June this year,ToyotaWhile sales of most major automakers, including AG and Volkswagen Group, have declined, BYD's global new car sales increased 40% year-on-year to 980,000 units, largely due to the growth of its overseas sales. BYD's overseas sales in the second quarter reached 105,000 units, nearly tripling year-on-year.

In the second quarter of last year, BYD ranked 10th in the world with sales of 700,000 vehicles. Since then, BYD's sales have successively surpassed Nissan Motor and Suzuki Motor, and surpassed Honda Motor for the first time in the most recent quarter.

The only Japanese automaker that currently outsells BYD is Toyota, which leads the global auto sales rankings with 2.63 million units sold in the second quarter. The U.S. "Big Three" automakers are still in the lead, but BYD is catching up quickly.Ford Motor。

In addition to BYD's rise in the rankings, Chinese automakersauspiciousandChery AutomobileThey also ranked among the top 20 in the global sales list.

BYD's affordable electric vehicles are gaining momentum in China, the world's largest auto market, with sales up 35% in June from a year earlier. In contrast, Japanese automakers, which have a strong presence in gasoline-powered vehicles, are lagging behind. Honda Motor's sales in China fell 40% in June and the company plans to cut production capacity in China by about 30%.

Even in Thailand, where Japanese companies hold about 80% of the market share, Japanese automakers are cutting production capacity, with Suzuki Motor suspending production and Honda Motor halving its capacity.

In the first half of this year, China further surpassed Japan in terms of automobile exports. Chinese automakers exported more than 2.79 million vehicles overseas, a year-on-year increase of 31%, while Japan's automobile exports fell by 0.3% year-on-year to less than 2.02 million vehicles during the same period.

The North American market is becoming increasingly important for lagging Japanese automakers. Chinese electric vehicle makers currently have little influence in the North American market due to high tariffs, while hybrid vehicles from Toyota Motor and Honda Motor are popular, but it remains to be seen whether it can make up for the impact of declining sales of Japanese automakers in China and other markets.