15 Fastest Growing Automotive Brands in the World

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1. BYD Company Limited

Compound Annual Growth Rate from 2018 to 2023: 35.85%

BYD Company Limited is a prominent Chinese conglomerate involved in various manufacturing sectors, including the production of passenger cars. The company has more than 30 industrial parks all over the world involved in industries related to electronics, automobiles, new energy and rail transit. It has two major subsidiaries, BYD Auto and BYD Electronic. Specializing in the production of passenger battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), BYD Auto is a leading player in China’s new energy vehicle market.

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Disclosure: None. This article is originally published at Insider Monkey

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