German consumers' attention to BYD has risen sharply, with significant growth in electric vehicle sales.

Reuters: German Consumers' Attention to BYD Surges Rapidly

On April 17, Reuters (Japanese edition) published an article stating that according to data released by the online marketplace Carwow on the 16th, interest in BYD among German consumers considering purchasing electric vehicles (EVs) has surged rapidly.

The rise in EV sales is driven by increasing fuel prices. The report states that BYD has become one of the fastest-growing brands in Germany, with a 135% increase in purchase inquiries during the first quarter.

The article notes: "Chinese brands are expected to benefit from soaring gasoline prices and rising new car costs due to the Middle East conflict, while MG, a subsidiary of China's Shanghai Automotive Group (SAIC), is also seeing growth."

Carwow stated: "Affordable electric vehicles with short delivery times are becoming increasingly attractive—especially those from Chinese manufacturers, who are leveraging their advantages to significantly expand market share."

According to statistics from Germany’s Federal Motor Transport Authority (KBA), BYD's new vehicle registrations surged by 327% in March, reaching a market share of 1.2%. However, it still lags behind domestic companies such as Volkswagen (VW) and other German automakers by 17.9%, remaining in a catching-up phase.

Original article: toutiao.com/article/1862683584023552/

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