China's BYD becomes Singapore's favourite car brand, outselling Toyota for first time
China's
BYD has become the most popular vehicle brand in
Singapore so far this year, outselling
Toyota for the first time, government data showed, as the fast-growing electric vehicle maker steps up efforts to boost overseas sales.
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In the first four months of 2025, BYD sold 3,002 cars, or 20 per cent of total vehicle sales in Singapore. Toyota and BYD's main EV rival Tesla sold 2,050 and 535 units each during the same period.
Toyota used to hold the crown in the wealthy Asian financial hub where the population of cars is kept steady by an
expensive certificate system , selling 7,876 cars in 2024, versus BYD's 6,191 sales.
BYD's robust sales growth in Singapore underlines its efforts to focus on overseas markets amid bruising price competition in China. China's No 1 carmaker reportedly aims to sell half of its vehicles outside the Chinese market by 2030, a massive increase that would make it a rival to the world's largest carmakers.
10:08
How Chinese companies have pulled ahead of Tesla in the electric vehicle race
How Chinese companies have pulled ahead of Tesla in the electric vehicle race
BYD entered Singapore's consumer car market in 2022, more than a year later than Tesla, but has since reported much stronger sales growth.
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