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

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Updated Wed, Mar 26, 2025, 8:39 AM

STORY: China's BYD has large ambitions according to their president this week.

The electrical vehicles elephantine aims to treble its income extracurricular China to much than 800,000 cars this year.

It volition besides effort to flooded tariffs by assembling cars locally.

BYD sold conscionable implicit 417,000 units overseas past year.

A transcript of his telephone showed president Wang Chuanfu said the automaker expects to spot "a important rise" successful its marketplace stock successful Britain.

He argued the state is "very open" to competitory Chinese products.

The institution besides sees "great opportunities" to turn rapidly successful Latin American and Southeast Asian countries.

He added BYD plans to support its outgo vantage done buying cardinal components from China and assembling the vehicles successful section markets.

It comes with governments overseas weighing oregon levying tariffs against Chinese-made cars.

Wang told analysts helium expected to spot the bulk of BYD's profits coming from overseas markets "at a definite stage."

He didn't specify the timing for that to beryllium achieved.