China's BYD Leads Singapore Car Sales

China’s BYD has been Singapore's best-selling vehicle brand this year, beating Toyota for the first time. BYD entered the country's consumer automobile market in 2022, more than a year after Tesla, and has had substantially faster sales growth since then.

BYD’s strong sales performance in Singapore demonstrates its strategic shift toward developing in global markets, as it navigates fierce pricing competition at home in China. BYD, the country's top carmaker, is apparently aiming for a daring goal: to sell half of its vehicles outside China by 2030, positioning it as a credible contender among the world's major automotive titans.