• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

BYD targets doubling overseas sales in 2025 to 800,000 amid global expansion

by March 26, 2025
by March 26, 2025

Chinese electric vehicle giant BYD is aiming to more than double its overseas sales to over 800,000 units in 2025 as it continues its aggressive international expansion, its chairman told analysts on an earnings call on Tuesday, Reuters reported.

The company, which sold 417,204 units outside China in 2024, sees strong potential in Britain, Latin America, and Southeast Asia, where it expects market share to grow significantly.

Chairman Wang Chuanfu told analysts on an earnings call that BYD will navigate tariff challenges by assembling cars locally while still relying on China for key components.

The move comes as several governments impose or consider tariffs on Chinese-made vehicles.

Britain, in particular, presents a promising opportunity for BYD, as Wang described the market as “very open” to competitive Chinese products.

The company also expects to benefit from growing acceptance of Chinese brands in Latin America and Southeast Asia, where demand for affordable electric vehicles is increasing.

BYD plans local assembly to counter tariff barriers

With protectionist measures increasing in key markets, BYD is adopting a strategy of local vehicle assembly while sourcing components from China.

This approach allows the company to maintain its cost advantages while ensuring compliance with local trade policies.

Wang did not disclose specific countries where this approach would be implemented but emphasized that BYD would continue expanding its production footprint.

Currently, the company is constructing factories in Brazil, Thailand, Hungary, and Turkey, reinforcing its commitment to global manufacturing.

However, BYD’s expansion in Brazil, its largest market outside China, has not been without controversy.

In 2023, the company faced allegations of labor abuses, which briefly overshadowed its progress in the region.

Despite this setback, BYD remains committed to strengthening its presence in Latin America, a region where it sees long-term growth potential.

North America remains off the table

BYD has no immediate plans to enter the US and Canadian markets due to ongoing geopolitical tensions and high tariffs.

Both countries have maintained duties of up to 100% on Chinese electric vehicles, effectively blocking access for Chinese automakers.

While competitors like Tesla have expanded their operations in China, BYD is taking a different approach, focusing on markets that offer fewer regulatory hurdles.

Europe, Australia, and emerging economies remain key targets for expansion, as the company seeks to diversify revenue streams amid intense competition in China’s EV sector.

Profitability ambitions and smart driving expansion

Wang expressed confidence that BYD’s profitability per vehicle would surpass that of Toyota once it reaches a comparable sales scale.

Toyota, the world’s top automaker by volume, sold 10.8 million vehicles in 2024, while BYD sold 4.27 million.

In addition to increasing production capacity, BYD is investing heavily in software and semiconductor development.

The company plans to expand its intelligent driving technology workforce from 5,000 to 8,000 people, though no specific timeline was provided.

BYD also intends to introduce its smart driving features to global markets by 2026 or 2027.

As part of this initiative, the company plans to send more employees overseas to support its international expansion strategy.

The post BYD targets doubling overseas sales in 2025 to 800,000 amid global expansion appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
The ones we’ve lost: Canoo, Fisker, Nikola, 23andMe, Forever21
next post
Lloyds share price technical analysis: can it keep rising?

Related Posts

Commerzbank sees China economic growth slowing in second...

June 27, 2025

JSW Paints to buy Akzo Nobel India for...

June 27, 2025

Europe markets open: stocks rise as US hints...

June 27, 2025

US-China sign trade deal, 10 more with trading...

June 27, 2025

Xiaomi stock price hits record high as Apple...

June 27, 2025

NTT Data Group plans Singapore REIT IPO in...

June 27, 2025

Jio Financial shares rally close to 5% after...

June 27, 2025

CAC 40 2025 outlook: Biggest winners and losers...

June 27, 2025

From best to worst: Why Trade Desk stock...

June 27, 2025

HBAR drops 1.63% as short bets rise and...

June 27, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • PBS and NPR: A Free Press Doesn’t Need a Government Budget Line 

    June 27, 2025
  • Trump v Powell: The Credibility Cost of Politicized Monetary Policy

    June 27, 2025
  • Consumer IoT Products are Priced 44% Higher on Average Than Similar Non-Connected Products

    June 27, 2025
  • Morse Micro Wi-Fi HaLow Technology Receives Matter Certification

    June 27, 2025
  • Nordic Semiconductor acquires Memfault, launches the first complete chip-to-cloud platform for lifecycle management of connected products

    June 27, 2025
  • PBS and NPR: A Free Press Doesn’t Need a Government Budget Line 

    June 27, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 6

    Elon Musk says federal employees must fill out productivity reports or resign

    February 23, 2025
  • 7

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025

Categories

  • Economy (1,641)
  • Editor's Pick (171)
  • Investing (185)
  • Stock (1,062)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Apple stock price forecast: is it safe...

March 30, 2025

CoreWeave eyes $1.5B bond raise to ease...

May 10, 2025

AI bubble is bursting: top AI stocks...

March 9, 2025