HONG KONG: Chinese electric vehicle giant BYD expects exports to account for about 20% of its global sales in 2025, buoyed by new model launches and expanded shipping capacity, the South China Morning Post reported on Monday.
The company forecasts between 800,000 and 1 million deliveries outside mainland China next year, against projected total sales of 4.6 million units. That figure reflects a cut of up to 16% in BYD’s 2025 sales target, as reported by Reuters earlier this month, amid slowing growth and signs that the EV maker’s rapid expansion is moderating.
“In the years to come, international deliveries will make a greater contribution,” said Li Yunfei, BYD’s general manager of branding and public relations, noting the company’s own fleet of car-carrier ships is helping drive exports.
In 2024, overseas sales made up less than 10% of BYD’s 4.26 million deliveries, highlighting the sharp rise expected this year.
BY Reuters
