Chinese EV leader BYD anticipates that exports will account for about 20% of its global sales this year, driven by improved logistics and new model launches. The Shenzhen-based automaker projects to deliver between 800,000 and 1 million vehicles outside mainland China in 2025, out of an expected total of 4.6 million units.
Company General Manager Li Yunfei highlighted that overseas sales, currently accounting for less than 10% of total sales, are expected to grow significantly. The expansion is supported by BYD’s fleet of eight specialised car-carrier ships, with the largest capable of transporting 9,200 vehicles, connecting Chinese production hubs with key markets in Europe and Southeast Asia. BYD aims to introduce all its China-developed models to global consumers and plans to double its European showrooms to 2,000 by 2026, with an assembly plant in Hungary starting production early next year. The company also operates factories in Thailand and Brazil.
Chinese EV makers, led by BYD, benefit from government support and rising demand for affordable, innovative vehicles with high-performance batteries, entertainment, and basic self-driving features. In 2024, BYD’s foreign sales aim to surpass 10% in China’s Made in China 2025 plan to boost EV exports. Recently, BYD’s overseas deliveries jumped 145% Yoy in Q2, reaching over 258,000 units and 22.5% of sales.
Controlled by billionaire Wang Chuanfu, BYD remains profitable, but increased competition and a government crackdown on discounting are prompting industry adjustments. To promote EV adoption, BYD launched initiatives like an all-terrain circuit in Zhengzhou to demonstrate vehicle performance and showcase EV capabilities through auto racing.
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BYD’s strategic push into international markets aims to boost profitability and position itself as a global EV powerhouse, leveraging its technological edge and expanding its manufacturing footprint.
