BYD aims to double overseas sales to 800,000 in 2025: chairman to analysts

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Chinese electric vehicle giant BYD aims to double its sales outside China to over 800,000 cars in 2025 and will look to overcome tariffs by assembling cars locally, its chairman told analysts on an earnings call on Tuesday.

BYD, which sold 417,204 units abroad in 2024, expects to see “a substantial rise” in its market share in Britain, which is “very open” to competitive Chinese products, according to a transcript of the call Wang Chuanfu reviewed by Reuters.

They also see “great opportunities” to grow rapidly in Latin American and South East Asian…



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BYD aims to double overseas sales to 800,000 in 2025: chairman to analysts


Chinese electric vehicle giant BYD aims to double its sales outside China to over 800,000 cars in 2025 and will look to overcome tariffs by assembling cars locally, its chairman told analysts on an earnings call on Tuesday.

BYD, which sold 417,204 units abroad in 2024, expects to see “a substantial rise” in its market share in Britain, which is “very open” to competitive Chinese products, according to a transcript of the call Wang Chuanfu reviewed by Reuters.

They also see “great opportunities” to grow rapidly in Latin American and South East Asian…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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