BYD Targets 20% of Global Sales from Exports in 2025 Amid International Expansion

China’s leading electric vehicle (EV) maker, BYD Co (HK:1211), is setting its sights on rapid international growth in 2025, projecting that exports will account for about 20% of total global sales. According to the South China Morning Post, the Shenzhen-based company expects between 800,000 and 1 million vehicle deliveries outside mainland China next year, compared with estimated total sales of 4.6 million units. This would represent a sharp increase from 2024, when exports made up less than 10% of BYD’s 4.26 million vehicles sold.

The bullish forecast comes as BYD strengthens its logistics and product lineup to capture greater global market share. To accelerate international deliveries, the company has already built a fleet of eight car-carrier vessels, including one with a capacity to transport 9,200 vehicles. This investment supports its growing push into key overseas markets such as Europe and Southeast Asia.

BYD also plans to expand its overseas offerings and double its European showrooms to 2,000 by 2026. Adding to this expansion, its Hungary plant is set to begin production early next year, further localizing operations in Europe and enhancing competitiveness against rivals such as Tesla and Volkswagen.

Hong Kong-listed shares of BYD rose 1.5% to HK$108.4 as of 03:22 GMT on Monday, reflecting investor confidence in its international strategy. Li Yunfei, BYD’s general manager of branding and public relations, emphasized that new model launches and improved logistics will be crucial to meeting export goals.

As China’s largest EV manufacturer by sales, BYD is leveraging its strong domestic foundation to drive global growth. With a diversified lineup, expanding infrastructure, and ambitious targets, the company is positioning itself as a formidable force in the global electric vehicle market, underscoring its role in shaping the future of sustainable mobility.