BYD tops Singapore vehicle sales so far this year, replacing Toyota

Reuters

Tue, May 13, 2025, 11:19 PM 2 min read

SINGAPORE (Reuters) -China's BYD became the astir fashionable conveyance marque successful Singapore truthful acold this year, outselling Toyota for the archetypal time, authorities information showed, arsenic the fast-growing electrical conveyance shaper steps up efforts to boost overseas sales.

In the archetypal 4 months of 2025, BYD sold 3,002 cars, oregon 20% of full conveyance income successful Singapore. Toyota and BYD's main EV rival Tesla sold 2,050 and 535 units each during the aforesaid period.

Toyota utilized to clasp the crown successful the affluent Asian fiscal hub wherever the colonisation of cars is kept dependable by an costly certificate system, selling 7,876 cars successful 2024, versus BYD's 6,191 sales.

BYD's robust income maturation successful Singapore underscores its efforts to absorption connected overseas markets amid bruising terms contention successful China. Reuters reported this period that China's No.1 automaker aims to merchantability fractional of its vehicles extracurricular the Chinese marketplace by 2030, a monolithic summation that would marque it a rival to the world's largest automakers.

BYD entered Singapore's user car marketplace successful 2022, much than a twelvemonth aboriginal than Tesla, but has since reported overmuch stronger income growth.

In 2023, for example, the Chinese firm's income astir doubled to 1,416, portion Tesla income roseate conscionable 7% to 941 units during the aforesaid period.

Singapore is 1 of the astir costly cities successful the satellite to ain a car, wherever a compact BYD Atto 3 SUV costs astatine slightest S$165,888 ($127,500) and the rival Toyota Corolla Altis is priced astatine astir S$170,888.

BYD has already had aboriginal occurrence successful Southeast Asia, claiming Thailand arsenic its biggest overseas marketplace arsenic it plans to grow successful Europe and Latin America.

($1 = 1.3008 Singapore dollars)

(Reporting by Xinghui Kok; Editing by Miyoung Kim and Jamie Freed)