Etiqueta: Sales

Chinese EV giant BYD projects 800,000, 1 million overseas deliveries in 2025, fueled by expanded logistics, European factories, and showroom growth.

The Qin L EV has been rebranded as the Seal 6 EV in Malaysia, with a starting price of 100,000 Malaysian ringgit ($23,740).

Chinese EV giant BYD Co. Ltd. (OTC: BYDDY) (OTC: BYDDF) expects its overseas sales to make up about 20% of its total deliveries in 2025.

Strong vertical integration, particularly in terms of its shipping network, are helping to propel BYD’s global ambitions. By Stewart Burnett

While discounting helped make BYD the most popular EV brand in China, the tactic could backfire in Japan.

China’s BYD expects to export 800,000 to 1,000,000 EVs in 2025, about a fifth of its 2025 sales as it moves more cars on its own vessels and adds capacity overseas. “We estimate that the proportion of our overseas sales would hit 20 percent this year,” said Li Yunfei, BYD’s ...

The company is also preparing to start production at its new Hungary plant early next year as part of its broader international expansion.

HONG KONG (Reuters) -Chinese electric vehicle maker BYD Co forecast exports will make up about 20% of its global sales this year helped by new model launches, the South China Morning Post reported on Monday. BYD forecasts 800,000 to 1 million deliveries outside mainland China in 2025, compared with projected total sales of 4.6 million units, the newspaper said, citing BYD's general manager of branding and public relations Li Yunfei. "International deliveries will make a greater contribution in the years to come," Li said, according to the SCMP, adding BYD's own fleet of car-carrier ships supported the export surge.

The analyst noted that the company’s slow growth highlights the loyalty of Japanese buyers to domestic brands and hybrids.

BYD is now turning to discounts — a practice that’s put it front and center of an industry crackdown in China — to try and boost sales.