This is a good progression. The Chinese electric and hybrid company BYD has multiplied its turnover in France by 5.7 between 2023 and 2024, according to the results of the company consulted by AFP, confirming information from the informed published this Friday, September 5. The billing of the French branch of ByD totaled 167 million euros in 2024, against 29 million euros by 2023.
The company was launched in France in the mid -2023, but the activity of the Chinese group in France is not yet profitable. Its French branch suffered more than 150,000 euros in losses in 2024, according to its results statement. Byd sells more and more cars in France. The group registered 5,415 vehicles there last year and has already exceeded this figure in the first half this year with 5,908 sales.
“We want to continue developing the brand, with the expansion of our territorial coverage and our product range,” the brand reacted to AFP.
Minority in front of its competitors
However, the Chinese brand remained very minority in the French market in 2024, compared to the groups well installed in the old continent, such as Stellantis (452,900 records) or Renault (425,116 records), according to the annual evaluation of 2024 of the platform (PFA), the French car organization and manufacturers of equipment and equipment.
On the side of the electric competitors, Tesla registered 40,709 new cars in France in 2024, according to the PFA. And Mg Motor (brand of English origin that has become a subsidiary of the Saic Chinese group) sold 25,782 cars in the French market last year, electric as hybrids.
Byd France offers its models in 68 points of sale in the territory and points to the 100 points of sale by the end of the year.
Source: BFM TV
