BYD To Enter South Korea's Passenger Car Market In 2025, Challenging Tesla Model 3 And Hyundai IONIQ 6: Report
BYD To Enter South Korea's Passenger Car Market In 2025, Challenging Tesla Model 3 And Hyundai IONIQ 6: Report
This move comes as BYD continues to make waves in the global automotive industry.BYD Co., Ltd. (OTC:BYDDY), the Chinese electric vehicle (EV) giant, is reportedly set to expand its footprint in South Korea's passenger car market next year, following its successful entry into the local commercial vehicle sector years ago.
比亚迪股份有限公司（场外交易:BYDDY），这家中国电动汽车（EV）巨头， reportedly 计划在韩国的乘用车市场扩张，预计明年将在成功进入当地商用车板块后实现。
The company's South Korean subsidiary, BYD Korea, has completed its preparations to launch passenger car models in the domestic market, with an expected rollout scheduled for early 2025, reported CnEV Post.
该公司在韩国的子公司，比亚迪韩国，已完成准备工作，将于2025年初在国内市场推出乘用车型号，CnEV发帖报道。
Per a report by Teslarati, BYD joined the South Korean market in 2016 with commercial vehicles like buses, forklifts, and trucks. The BYD Seal model is reportedly set to rival the Tesla Model 3 and Hyundai IONIQ 6 in South Korea, two dominant players in the market.
据Teslarati的报道，比亚迪于2016年以商用车如公交车、叉车和卡车进入韩国市场。比亚迪Seal车型 reportedly 将与特斯拉Model 3和现代IONIQ 6在韩国市场竞争，这两者在市场中占据主导地位。
This move comes as BYD continues to make waves in the global automotive industry.
这一举动正值比亚迪在全球汽车行业持续发光发热。
Despite not manufacturing traditional combustion engine vehicles, the company has been rapidly closing in on Ford Motor's global sales, with its EV-focused model gaining significant market share.
尽管没有制造传统燃油发动机车辆，但公司正在迅速缩小与福特汽车的全球销售差距，其以电动汽车为主的车型获得了显著的市场份额。
Also Read: Chinese EV Maker BYD Edges Closer To Ford's Sales Volume After Beating Tesla In Revenue Race
另请阅读：在营业收入竞赛中，中文电动车maker比亚迪在销量方面逼近福特。
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.
截至2024年10月，比亚迪已售出超过325万车辆，同比增长36%。仅在10月份，公司销量超过50万辆，显示出相较于2023年同期的显著增长。
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.
如果这种增长趋势持续到年底，比亚迪2024年的销量可能超过400万辆，使公司有可能超越福特，后者在2023年全球销量为440万辆。
Turning to its South Korean expansion, BYD Korea is actively building a regional network for passenger vehicle sales and services, CnEV Post added.
关于其在韩国的扩张，BYD韩国正在积极建立乘用车销售和服务的区域型网络，CnEV Post补充道。
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.
该公司目前专注于招聘员工、获得必要的车辆认证以及最终确定市场营销和员工培训计划。BYD进入韩国消费电动车市场预计将增加该国日益增长的低成本电动车细分市场的竞争，在该市场中，国内企业现代汽车和起亚已经开始推出更实惠的电动车型。
Image via Shutterstock
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