Chinese Automaker Byd Passes Volkswagen To Become The Third Most Valuable Carmaker Globally
BYD dethroned Volkswagen by having a market cap of $131.58 billion versus $115.06 billion of the German automaker who holds the number 4 spot. Mercedes-Benz, BMW Group, General Motors, Ford, Stellantis, and Honda round up the remaining positions for the top 10 listing. Back in April, BYD stopped selling fuel-powered vehicles, the company now focuses only on pure electric and plug-in hybrid vehicles. This move made BYD the first traditional automobile manufacturer in the world to abandon fuel – powered cars, the rest in the top 10 apart from Tesla are still in the transitioning phase with many of them planning to make the complete jump around 2030....