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When I saw the latest new energy vehicle (NEV) insurance registrations in China, my first reaction was just wonderment at how much BYD dominates the market. But then I was like, “well, this is nothing new — BYD’s been dominating this market for a while.” So, I moved on from the idea of writing about that.
Then, digging into the numbers showing that BYD was quickly rising up the world auto rankings, I thought that maybe BYD’s dominance in China really had grown a lot recently. So, I went back through the last several months (6 months, to be specific) and decided to look at how much BYD’s share of the Chinese NEV market — and the broader Chinese auto market — had grown in that time. It was something worth writing about.
The company’s results in August really do stand out. It …