After overtaking Tesla in both sales and revenue, Chinese electric vehicle giant BYD is pushing harder into global markets.
The company now aims to sell about one million new energy vehicles (NEVs) outside China in 2025, according to BYD’s Brand and PR chief, Li Yunfei.
That target is nearly double the 472,000 units shipped abroad in the first half of this year, CarNewsChina has reported.
In 2024, it sold just over 417,000 cars overseas. Less than a year later, it has already surpassed that figure, with the million mark now within reach.
Achieving it would place BYD shoulder to shoulder with China’s biggest car exporters, including SAIC and Chery.
To fuel this push, BYD is leaning on overseas factories to bypass tariffs and expand faster.
Plants in Thailand and Uzbekistan are already producing cars, while new facilities in Turkey, Hungary, and Brazil are on the way.
Last month, more than 900 Thai-built Dolphin EVs were shipped to Europe, avoiding steep duties slapped on China-made cars.
Exports are also more profitable. Research by Rhodium Group suggests BYD makes about USD 5,000 per car in Europe, compared with just USD 1,200 at home.
With domestic demand cooling and discount wars hitting margins, overseas markets are becoming BYD’s growth engine.
In Malaysia, the brand’s success is equally clear. Together with its premium Denza line, BYD has been the country’s best-selling EV brand for three years running, with more than 20,000 cars on the road.
As of mid-2025, the Sealion 7 leads sales, followed by the Atto 3, M6, Seal, and Dolphin.
Source: CarNewsChina.