BYD Cuts China Output, Boosts Global Expansion

BYD, the world's largest electric vehicle manufacturer, is navigating shifting global market conditions by reducing production and suspending factory expansions in China amid rising inventory and slower sales growth, despite ongoing price cuts. At the same time, BYD is expanding its international operations, adding new car carrier ships to its fleet to support surging exports, which reached 374,200 vehicles in the first five months of 2025—a 112% year-over-year increase. The company continues to deliver significant shipments to Europe and Latin America, including Mexico. In Europe, BYD is strengthening its supply chain by selecting Voestalpine as a major steel supplier for its upcoming Hungarian plant, advancing its strategy to localize production within the EU. These actions demonstrate BYD's dual approach of addressing domestic challenges while pursuing ambitious global growth. The company remains focused on establishing a robust international logistics network and supply chain to secure its position amid rising overseas demand.