Last year, China’s carmakers, led by BYD, outsold their US counterparts for the first time last year, selling 13.4 million new vehicles compared to the 11.9 million units delivered by American brands like Ford and Chevrolet, according to Jato Dynamics. Chinese manufacturers gained significant market share in the Middle East, Eurasia, and Africa and made inroads into mature markets such as Europe and Australia. Jato analyst Felipe Munoz attributed this shift to high car prices from legacy automakers, driving consumers to more affordable Chinese alternatives.