If you’ve noticed more BYD vehicles cruising around town lately, you’re not imagining things. BYD Cars Philippines and ACMobility sold 4,780 units in 2024—commanding an 82% share of the Philippine New Energy Vehicle (NEV) market.
Of these sales, 2,078 units consisted of popular models such as the BYD Seagull, Dolphin, Atto 3, T3, Seal, Han, and Tang. This success has positioned BYD as the leader in the battery-electric vehicle (BEV) segment, securing a 69% market share in 2024.
The real star of the show, however, is the BYD Sealion 6 DM-i—the brand’s top-seller with 2,669 units sold in just six months. Launched in July 2024, it swiftly became the best-selling model in both the NEV and hybrid electric vehicle (HEV) segments, claiming a significant 19% market share.
This remarkable sales performance propelled BYD’s overall growth by an astounding 8,900% in 2024 compared to 2023 sales. BYD is now ranked as the 11th best-selling automotive brand in the country, with a 1.0% market share, even surpassing several established automotive players and other Chinese brands.
Globally, BYD also achieved a record-breaking year, selling 4,272,145 NEVs, a 41.26% increase from 2023.
“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.”
Aside from its state-of-the-art lineup of electric vehicles, BYD’s rapid dealership expansion also played a major role in its remarkable growth in the Philippines last year. Starting 2024 with just two dealerships, the brand expanded to 25 by year-end. The momentum continues, with 52 new locations already green-lit for 2025.
BYD’s ongoing nationwide Tech Tour is also playing a crucial role, bringing its advanced EV technologies to key markets across the country.
