RiderTua.com – The car brands present on the global market are increasingly varied, especially by offering more of the newest products. Manufacturers from Japan to Europe dominate the four-wheeled market with the models they offer. However, recently car brands from the Bamboo Curtain country have started to spread threats. How could it not be, brands like BYD and Chery are slowly dominating the car market in a number of countries.
Car Brands from the Bamboo Curtain Country are Starting to Appear
So far, car sales throughout the world are still quite stable throughout the first quarter of 2024. Even though some market conditions are not so good, at least some of them are showing an increase in sales results. Several brands are also starting to show an increase in market share in a number of countries.
The car brand from the Bamboo Curtain country is no exception, which began to show its dominance at the start of this year. It has entered almost all segments, including the electric car market, where brands such as BYD lead overall BEV car sales. In fact, its sales were number one last year, beating Tesla.
The Number of Competitors is Not a Problem
It’s not only BYD that its competitors have to be wary of, but also Chery, Geely, and brands from Great Wall Motor (GWM) such as Haval. Chery itself has several brands, including Omoda and Jetour, which are mainstays in neighboring countries. Omoda is actually a sub-brand of Chery which includes the Omoda 5, an SUV sold in Indonesia.
For Indonesia itself, more and more car brands from that country are coming here. The newest is GAC Aion, where they will sell two electric cars here, as well as assemble them together with the Indomobil Group. BYD will follow later, although for now its units are imported directly from abroad
Of course, many competitors are not a problem for BYD et al. Even with brands like Toyota dominating the global market.
