SHANGHAI -- BYD led China's passenger vehicle market in sales for the first time in 2024, highlighting the rise of privately owned companies in an industry long dominated by partnerships between state-owned and foreign automakers.
BYD's sales jumped 46% on the year to about 3.65 million vehicles, according to data compiled by MarkLines by corporate group. Sales at Zhejiang Geely Holding Group, another private automaker, grew 30% to rank third at 2.01 million vehicles.
