The Chinese group sold around 13,000 more vehicles than VW in the first quarter of the year.
(Photo: IMAGO/Sebastian Geisler)
Shanghai, Dusseldorf, Vienna Volkswagen has lost its supremacy in the world’s largest car market, China. For the first time since the 1980s, the core brand VW is no longer number one in terms of sales in the People’s Republic. The new market leader is called BYD.
The Chinese group sold around 13,000 more vehicles in the first quarter of the year than the Wolfsburg-based company. This is shown by figures from the data service provider Marklines and current insurance data from China, which is available to the Handelsblatt.
Accordingly, BYD sold around 441,000 vehicles from January to March. This corresponds to an increase of 68 percent compared to the previous year. Deliveries by VW, on the other hand, shrank by 14 percent to 428,000 cars. If this trend continues, VW is threatened with massive underutilization of its more than three dozen plants in the People’s Republic.
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