Singapore Land Transport Authority: BYD will become the annual sales champion of Singapore's automakers for the first time in 2024 with 6,191 registrations

According to statistics released by the Land Transport Authority of Singapore, BYD beat Toyota, BMW and Tesla in 2024 and won the title of Singapore's annual auto sales champion for the first time. This is also the first time that a Chinese electric car brand has topped the list. Data shows that BYD registered 6,191 vehicles in Singapore in 2024, accounting for 14.4% of all new car registrations in Singapore, ranking first in market share.

In addition, BYD's registration volume in Singapore in 2023 was 1,416, ranking fourth. Only one year later, BYD's registration volume increased by 337% year-on-year, a rapid growth rate.

James Ng, managing director of BYD Singapore and the Philippines, said BYD was the first electric vehicle brand to top the sales charts in Singapore, and Singapore's efforts to promote electric vehicle transformation and the strength of the BYD brand globally played an important role.

Among other brands, although the new car registrations of Toyota, BMW and Tesla in Singapore have also increased, the growth rate is far less than that of BYD.

Among them, Toyota's registration volume in Singapore in 2024 is 5,736, which is more than 400 units behind BYD. In addition, Toyota has always been the top-selling automaker in Singapore.

BMW's registration volume in Singapore in 2024 was 5,042, while Tesla's was 2,384.

Some industry insiders pointed out that BYD's rise in Singapore is a symbol of the great changes in the Southeast Asian automobile market. The influence of Chinese automobile brands in the global market is accelerating. Previously, the Southeast Asian automobile market has always been dominated by Japanese cars, but now, domestic cars including BYD are accelerating to occupy the market share of traditional brands such as Toyota, Honda and Mitsubishi.