BYD’s Bold Leap: Aims to Double Overseas Sales in 2025!

Chinese EV giant BYD is targeting a massive leap in global sales, aiming to double its overseas deliveries to 800,000 units in 2025, up from 417,204 units sold abroad in 2024.

Chairman Wang Chuanfu announced the ambitious goal during an earnings call, highlighting plans to expand in markets like Britain, Latin America, and Southeast Asia, where Chinese brands are gaining traction.

To counter rising tariffs on Chinese-made EVs, BYD plans to assemble vehicles locally while sourcing key components from China. New factories are under construction in Brazil, Thailand, Hungary, and Turkey.

The company is aggressively expanding its global footprint with showrooms in over 58 countries, including Germany and Australia.

BYD’s strategy aligns with Beijing’s Made in China 2025 initiative, which aims for top EV makers to achieve 10% overseas sales by 2025.

Despite challenges like geopolitical tensions and tariffs in North America, BYD remains confident. Wang predicts BYD’s profitability per vehicle could surpass Toyota’s as it scales globally.