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The Chinese-made electric sports sedan, BYD Seal, has achieved finalist status in the prestigious Car of the Year (COTY) 2024 competition, signaling the increasing influence of Chinese automakers in European markets. Recognized for its outstanding driving features, quality craftsmanship, and impressive real-world range, the BYD Seal's success in Europe has propelled it to the final round of the competition.
This milestone comes amidst the European Commission's investigation into state subsidies for electric vehicle (EV) production in China. Despite scrutiny, BYD has emerged as one of the top ten global automakers by sales volume, surpassing established brands like Mercedes-Benz and BMW. With a reported 96% surge in sales to 1.25 million vehicles in the first half of the year, BYD is speculated to be considering the construction of its first European factory in Hungary.
BYD celebrates a significant production achievement, surpassing 6 million new energy vehicles (NEVs) since launching its first electrified car in 2008. The company's accelerated production rate, achieving the last million NEVs in just three months, reflects its commitment to electric mobility.
Competing against notable EVs like the Kia EV9, Renault Scenic, and Volvo EX30, the BYD Seal stands as a frontrunner in the COTY 2024 finals. The winner will be announced on February 26 at the Geneva Motor Show, shaping perceptions of Chinese automakers on the global stage. The recognition of the BYD Seal underscores the competitiveness and innovation of Chinese vehicles in the European and worldwide automotive landscape.