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BYD Targets 20% of Sales from Exports Amid Intensifying China EV Competition
BYD Targets 20% of Sales from Exports Amid Intensifying China EV Competition
24
2
BTCCSquare news:
Chinese electric vehicle giant BYD is aggressively expanding its overseas footprint as domestic rivalry escalates. The automaker projects exports will comprise 20% of total sales by 2025—a significant leap from last year's sub-10% international contribution to its 4.26 million deliveries.
European demand shows particular promise. August registrations for BYD's electric and hybrid vehicles tripled year-over-year across EU markets, reaching 11,455 units when including non-EU territories. This growth trajectory supports management's forecast of 800,000 to 1 million offshore deliveries this year against projected global sales of 4.6 million units.
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