BYD Achieves 8900% Growth, Leads EV Market in Philippines
BYD Achieves 8900% Growth, Leads EV Market in Philippines
Manila, Philippines – February 3, 2025 — BYD Cars Philippines, along with its official distributor ACMobility, has shattered records and set new benchmarks in the New Energy Vehicle (NEV) market. The Ayala mobility solutions platform reported sales of 4,780 BYD passenger vehicles in 2024, claiming an impressive 82% share of the Philippine NEV market.
A Remarkable Achievement
Of the total sales, 2,078 units were models such as the BYD Seagull, Dolphin, Atto 3, T3, Seal, Han, and Tang. With a commanding 69% market share in the Battery Electric Vehicle (BEV) segment, BYD firmly leads the charge in the country’s electric vehicle market for 2024.
The star performer was the BYD Sealion 6 DM-i, with 2,669 units sold in 2024, making it the brand’s top-selling model. Introduced in July, the Sealion 6 DM-i quickly became the best-seller in the combined NEV and Hybrid Electric Vehicle (HEV) segments, securing a 19% market share by the end of December.
Unprecedented Growth
BYD’s overall growth skyrocketed by an astonishing 8,900% in 2024 compared to the previous year. This remarkable surge in sales earned BYD the 11th spot among the best-selling automotive brands in the Philippines, with a 1.0% market share. BYD outperformed several established automotive giants and other Chinese brands.
Global Success
BYD’s success was not limited to the Philippines. Globally, the company sold 4,272,145 New Energy Vehicles in 2024, marking a 41.26% increase from 2023. This milestone is the first time BYD has surpassed 4 million units sold in a single year, solidifying its position as the Global New Energy Vehicle Market Sales Champion.
“We are beyond thrilled to share our performance in 2024, marking a pivotal year for BYD in the Philippines,” said Bob Palanca, Managing Director of BYD Cars Philippines. “This achievement reflects the dedication of our team, the unwavering support of our dealer partners and suppliers, and most importantly, the trust of our valued customers. Together, we will continue driving the Philippines toward a smarter and greener future with innovative and accessible solutions.”
Electrifying 2024 with Top-Selling Models
BYD’s success was driven by its innovative lineup of electric vehicles. The BYD Sealion 6 DM-i, the brand’s best-selling model, commanded a 14.6% share in the overall Compact-SUV market in 2024 and a 25.9% market share from July to December.
The BYD Atto 3 subcompact crossover, another top performer, saw 1,062 units sold in 2024. It dominated the BEV segment with a 35% market share, providing Filipinos with a reliable Blade Battery-powered electric mobility solution.
The BYD Seagull, the brand’s third-best-selling model, sold 411 units in 2024. Launched in September, the Seagull quickly captured a 38% share of the BEV segment in the last quarter and a 14% share of the overall BEV market for the year.
These impressive results underscore Filipinos’ growing acceptance of electric vehicles and represent a significant step toward a greener future.
“Together with ACMobility, we are committed to providing more Filipinos with BYD’s global models that represent greener and smarter mobility solutions as we continue to build on this success in 2025 and beyond. We are focused on sustaining this momentum by delivering innovative and affordable models for our Filipino customers,” said Aiffy Liu, Country Head of BYD Philippines.
Expanding Dealership Network
BYD’s rapid and extensive dealership expansion also contributed to its phenomenal growth. At the beginning of 2024, BYD had just two dealerships in the Philippines. By the end of the year, the number had grown to 25 operational dealerships nationwide. BYD Cars Philippines is set to open 52 additional dealer locations in 2025, bringing electric vehicles and services to more areas.
Future Prospects
With its ongoing nationwide BYD Tech Tour, which brings its innovative lineup and electric vehicle technologies closer to local communities, and new model launches scheduled throughout 2025, BYD promises another exciting year ahead. The brand is committed to maintaining its leadership position in the NEV market and driving the Philippines toward a greener, more sustainable future.
“The growing network of BYD dealerships and service centers and ACMobility’s expanding footprint of EV charging stations across the country are part of the dynamic ecosystem ACMobility envisions in supporting and encouraging the country’s transition towards electric mobility,” adds Palanca.
A Brighter, Greener Future
BYD’s groundbreaking achievements in 2024 highlight the company’s commitment to revolutionizing the EV landscape in the Philippines. With a strong focus on innovative and accessible electric mobility solutions, BYD is driving the country toward a brighter, greener future.
For more information on the existing vehicle lineup of BYD Cars Philippines, visit bydcarsphilippines.com.
