Chinese electric vehicle maker BYD is on pace to surpass Honda and Ford in global annual sales for 2024, according to a new forecast. The projection displays the scale of the struggle the United States faces in competing with China in the electric vehicle market.

BYDs November sales crossed 506,000, pushing its 2024 total near 3.8 million. With a 70% surge in hybrid sales, the Chinese EV leader is closing the gap with Honda and Ford in a transformative year for the

BYD, China’s EV giant, is on course to zoom past its 2024 sales target of 4 million vehicles after selling more than half a million cars last month. The Chinese carmaker sold 506,804 vehicles in November,

BYD, China’s major electric vehicle manufacturer, is on target to reach sales beyond 2024 around the world despite tight constraints, thanks to rapid market share growth in the world’s No.1 automotive market.