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BYD Pushes Global Expansion with 50% Overseas Sales Target by 2030

The Chinese automaker leverages domestic success and affordable EVs to drive growth in Europe and Latin America while navigating U.S. trade barriers.

New cars, among them new China-built electric vehicles of the company BYD, are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. REUTERS/Yves Herman/File Photo
The logo of BYD is pictured on an electric car at a dealership in Reze near Nantes, France, March 27, 2025. REUTERS/Stephane Mahe/File Photo/File Photo
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Overview

  • BYD has set a goal to sell half of its vehicles outside China by 2030, focusing on Europe and Latin America for growth.
  • The company aims to sell 5.5 million vehicles globally in 2025, including 800,000 units in overseas markets.
  • Overseas sales accounted for 28.5% of BYD's total sales year-to-date, with April exports exceeding 78,000 vehicles, doubling year-over-year.
  • BYD is expanding its production footprint with planned factories in Hungary and Turkey, alongside existing facilities in Thailand and Brazil.
  • Despite rapid global growth, BYD remains locked out of the U.S. market due to high tariffs and regulatory restrictions.