BYD Plans Half Vehicle Sales Outside China by 2030

BYD, China's leading new energy vehicle (NEV) manufacturer, aims to have half of its vehicle sales come from international markets by 2030, a move that would place it alongside global automotive giants like Toyota and Volkswagen. This ambitious goal is supported by BYD's rapid growth in China and its strategic expansion plans in Europe and Latin America, while the U.S. market remains inaccessible due to high tariffs and trade barriers. BYD has already started localizing production with factories in Hungary, Turkey, Brazil, Thailand, and Uzbekistan to support overseas growth. In 2024, BYD sold over 4.27 million electric and plug-in hybrid vehicles, with overseas sales nearly doubling to represent about 28.5% of total sales so far in 2025. The company’s continued momentum is highlighted by record sales in early 2025, including outselling Tesla and Mercedes-Benz in the UK and delivering over a million NEVs in the first quarter. BYD executives are confident that their product offerings can replicate their domestic success globally, positioning the company as a major player in the worldwide electric vehicle market by the end of the decade.