Volkswagen drops to third in China sales as fast-growing Geely Auto overtakes

Core Insights - Volkswagen has lost its long-standing dominance in the Chinese auto market, dropping to third place in sales after being overtaken by Geely Auto and BYD in 2024 [1] Industry Summary - Geely Auto surpassed Volkswagen in sales in China last year, marking a significant shift in the competitive landscape of the world's largest auto market [1] - BYD has emerged as the leading automaker in China, indicating a change in consumer preferences and market dynamics [1]