Chinese electric vehicle maker BYD Co expects exports to contribute about a fifth of its global sales next year, as improved logistics and new model launches help the Shenzhen-based company expand its international footprint, the South China Morning Post reported on Monday.
The automaker forecasts between 800,000 and 1 million deliveries outside mainland China in 2025, compared with projected total sales of 4.6 million units, the newspaper said, citing Li Yunfei, BYD’s general manager of branding and public relations.
“We estimate that the proportion of our overseas sales would hit 20 per cent this year,” Li said in a media briefing last week, according to the SCMP. “International deliveries will make a greater contribution in the years to come.”
In 2024, overseas sales made up less than 10% of BYD’s 4.26 million deliveries. Li added that BYD’s dedicated shipping fleet has underpinned the export surge. The carmaker now operates eight large vessels, the largest capable of carrying 9,200 vehicles, serving routes between China and overseas markets including Europe and Southeast Asia.
BYD also plans to broaden its lineup for global customers by rolling out all of its China-developed vehicles internationally, Li said. The comments come after BYD trimmed its 2025 sales target by up to 16% amid slowing demand at home, highlighting the company’s growing reliance on international markets for future growth.