Chinese EV maker BYD plans to sell around 1 million cars overseas by the end of 2025. The carmaker aims to double its overseas sales volume in the first half of 2025. BYD General Manager of Brand and PR Li Yunfei revealed the company’s overseas ambitions for 2025. He shared that BYD expects its overseas sales for the full year to double compared to over 472,000 units sold in the first half. The carmaker plans to sell at least 944,000 units outside China. BYD currently sells its vehicles in over 100 international markets worldwide. Apart from exporting cars, the carmaker operates overseas plants in Uzbekistan and Thailand. It also plans to establish several production facilities in Turkey, Hungary, Brazil, and other countries to mitigate the impact of tariffs.Speaking of tariffs, BYD shipped over 900 units of Thai-made BYD Dolphin electric cars to Germany, Belgium, and the UK last month to avoid an additional tariff of 20.7 percent on top of the existing 10 percent customs duty. Overseas sales have also been a strong source of income for BYD. According to the Rodium Group’s last year’s report, the Chinese automaker makes 5,000 USD profit per vehicle sold in Europe, despite high tariffs. In comparison, the carmaker’s net profit per car sold in China was around 9,000 yuan (1,260 USD) last year. In total, BYD sold 2,458,914 passenger vehicles globally in the first seven months of the year, up 26.2% from the same period last year, according to data monitored by China EV DataTracker. Source: Car News ChinaBYD plans to sell around 1 million cars overseas by end 2025
Chinese EV maker BYD plans to sell around 1 million cars overseas by the end of 2025. The carmaker aims to double its overseas sales volume in the first half of 2025. BYD General Manager of Brand and PR Li Yunfei revealed the company’s overseas ambitions for 2025. He shared that BYD expects its overseas sales for the full year to double compared to over 472,000 units sold in the first half. The carmaker plans to sell at least 944,000 units outside China. BYD currently sells its vehicles in over 100 international markets worldwide. Apart from exporting cars, the carmaker operates overseas plants in Uzbekistan and Thailand. It also plans to establish several production facilities in Turkey, Hungary, Brazil, and other countries to mitigate the impact of tariffs.Speaking of tariffs, BYD shipped over 900 units of Thai-made BYD Dolphin electric cars to Germany, Belgium, and the UK last month to avoid an additional tariff of 20.7 percent on top of the existing 10 percent customs duty. Overseas sales have also been a strong source of income for BYD. According to the Rodium Group’s last year’s report, the Chinese automaker makes 5,000 USD profit per vehicle sold in Europe, despite high tariffs. In comparison, the carmaker’s net profit per car sold in China was around 9,000 yuan (1,260 USD) last year. In total, BYD sold 2,458,914 passenger vehicles globally in the first seven months of the year, up 26.2% from the same period last year, according to data monitored by China EV DataTracker. Source: Car News China
