BYD’s global push: Chinese EV giant eyes 50% overseas sales
BYD, China’s top-selling automaker, anticipates that nearly half of its future sales will come from overseas markets, prompting significant investments in global production facilities to bypass trade barriers. The company aims to achieve 500,000 overseas sales this year, with a long-term goal of reaching a 50% global sales mix by 2030 or later. To support this expansion, BYD is establishing manufacturing plants in regions such as Europe, Asia, and South America, while also building its brand internationally through partnerships, including a deal with Uber and sponsorship of major sports events. Additionally, BYD is setting up local data centers in Europe to address data security concerns as it expands its autonomous and internet-connected car offerings.