Shang Wu Bu Wang Zhan·2025-08-08 17:30Core Insights - In Colombia, from January to July 2025, the cumulative registration of hybrid vehicles reached 33,184 units, representing a year-on-year growth of 61% [1] - BYD maintained the top position in the hybrid vehicle market with a market share of 53.1%, followed by Kia at 9.6%, Volvo at 7.5%, BMW at 2.6%, and Renault at 2.6% [1] Market Performance - The hybrid vehicle segment in Colombia is experiencing significant growth, with a total of 33,184 units registered in the first seven months of 2025, indicating a robust demand for eco-friendly vehicles [1] - BYD's dominance in the market is evident with over half of the market share, showcasing its strong brand presence and consumer preference in the hybrid vehicle category [1] Competitive Landscape - The competitive landscape features BYD leading significantly, with Kia and Volvo as the next closest competitors, highlighting a concentrated market where a few brands hold substantial shares [1] - The market shares of other brands such as BMW and Renault are relatively small, indicating potential challenges for these companies to increase their presence in the hybrid vehicle market [1]