From Bloomberg, February 10:
Ford Motor Co. lost out to BYD Co. in global vehicle sales for the first time last year as the Chinese manufacturer continued its climb up the rankings of the world’s largest automakers.
Ford’s wholesales dropped almost 2% last year to just shy of 4.4 million, short of the 4.6 million vehicle sales BYD reported in January. The figure the US automaker disclosed Tuesday confirms BYD has moved up to No. 6 in the global sales ranks, one spot ahead of Ford.
While Ford’s US sales rose last year, it has lost ground in Europe and particularly China, where domestic manufacturers like BYD, Xiaomi Corp. and Geely Automobile Holdings Ltd. have grabbed market share from foreign automakers with affordable, tech-laden EVs.
Ford has weathered a difficult EV transition, announcing $19.5 billion in charges to overhaul its strategy.
BYD has also made inroads into markets in Europe, South America and Asia, with exports reaching 1.05 million in 2025. It aims to increase that to 1.3 million this year....
....MORE
