Chinese Automakers Surge: Geely Joins Top 10 Global Ranking
2025-03-06
The 2024 global automotive sales ranking is out, and Geely has joined the top 10, following BYD's entry last year. This makes two Chinese automakers among the top ten. Toyota Group remains at the top for the fifth consecutive year, despite a slight sales dip. Volkswagen is second, followed by Hyundai Motor Group and Stellantis. BYD saw strong sales growth, securing fifth place, and its stock price soared after announcing AI smart driving as a standard feature. Geely sold 3.34 million vehicles, ranking tenth. Both BYD and Geely are actively expanding overseas and jointly filed a lawsuit against EU tariffs on Chinese vehicles, potentially boosting their European market entry.