Revolutionizing the EV landscape for a greener future
BYD Cars Philippines sold an impressive 4,780 passenger vehicles in 2024, capturing an astonishing 82 percent share of the Philippine NEV market. Among these sales, popular models such as the BYD Seagull, Dolphin, Atto 3, T3, Seal, Han, and Tang contributed to a commanding 69 percent market share in the battery-electric vehicle (BEV) segment.
The standout performer was the BYD Sealion 6 DM-i, which sold 2,669 units, making it BYD’s top-selling model. From July to December, it also became the best-selling vehicle in both the NEV and hybrid electric vehicle (HEV) segments, capturing a 19 percent market share.
The ACMobility-led brand’s remarkable sales performance marked an astounding 8,900 percent growth compared to 2023, elevating the brand to the 11th best-selling automotive brand in the Philippines with a 1.0 percent market share—surpassing several established competitors and other Chinese brands. On a global scale, BYD set a new sales record, moving 4,272,145 New Energy Vehicles in 2024, a 41.26 percent increase from the previous year. This milestone marks the first time BYD has sold over 4 million units in a single year, establishing the company as the undisputed Global New Energy Vehicle Market Sales Champion.
Bob Palanca, Managing Director of BYD Cars Philippines, expressed excitement over the company’s 2024 performance, calling it a pivotal year. He noted that this achievement reflects the dedication of the team, the unwavering support of dealer partners, and the trust of valued customers. Palanca emphasized that together, they will continue driving the Philippines toward a smarter and greener future with innovative and accessible solutions.
BYD’s extraordinary success can be attributed to its cutting-edge lineup of electric vehicles. The BYD Sealion 6 DM-i not only led sales but also captured a 14.6 percent share in the overall Compact-SUV market in 2024, alongside a 25.9 percent share from July to December. The BYD Atto 3 subcompact crossover also made waves, with 1,062 units sold in 2024, giving it a remarkable 35 percent market share in its segment. This model has provided Filipino consumers with a reliable and comfortable Blade Battery-powered electric mobility solution. Meanwhile, the BYD Seagull, introduced in the Philippines in September, ranked as the third-best-selling model, with 411 units sold and a 38 percent share of the BEV segment in the last quarter of 2024.
These impressive results highlight the growing acceptance of electric vehicles among Filipinos, marking a significant step toward a greener future. Aiffy Liu, Country Head of BYD Philippines, stated that the company is committed to providing more Filipinos with global models that symbolize smarter mobility solutions and is focused on sustaining this momentum by delivering innovative and affordable options.
A crucial factor in BYD’s remarkable growth has been its rapid dealership expansion. Starting 2024 with only two dealerships, BYD closed the year with 25 operational locations nationwide. To enhance accessibility further, the company has approved 52 new dealer locations for 2025.
The ongoing BYD Tech Tour aims to bring the brand’s innovative lineup and electric vehicle technologies closer to local communities, and with new model launches planned throughout the year, the outlook for BYD in the Philippines remains bright.
