AsianFin -- Chinese electric vehicle leader BYD has announced plans to double its international sales to more than 800,000 units in 2025, according to Chairman Wang Chuanfu's remarks during Tuesday's earnings call.
The automaker, which exported 417,204 vehicles in 2024, will focus on local assembly operations to mitigate the impact of rising global trade barriers.
Wang highlighted particularly strong growth potential in the UK market, describing it as "very open" to competitively priced Chinese EVs and anticipating a significant increase in market share. The company also identified substantial expansion opportunities in Latin America and Southeast Asia, where both government policies and consumer sentiment remain favorable toward Chinese automotive brands.
This aggressive overseas push comes as BYD seeks to maintain its momentum against global competitors, with local production serving as a key strategy to navigate an increasingly complex international trade environment for Chinese automakers. The planned 92% year-over-year sales increase would represent one of the most ambitious global expansions by any Chinese automaker to date.