STORY: China’s BYD forecast exports will make up about 20% of its global sales this year…
Helped by the EV maker’s launch of new models.
That’s according to the South China Morning Post Monday (September 29).
Citing an executive, it said BYD’s projected total sales for the year are 4.6 million units…
And it forecasts up to 1 million of those deliveries outside mainland China.
That confirmed a Reuters report earlier this month that BYD has slashed its sales target for 2025 by up to 16% to 4.6 million vehicles.
That’s as the Chinese EV company faces its slowest annual growth in five years.
It could spell the end of an era of record-setting expansion.
BYD said exports will make a greater contribution in the years to come, according to the SCMP.
And BYD’s own fleet of car-carrier ships supported the export surge.
It added that in 2024, BYD’s sales outside the mainland accounted for less than 10% of its total of 4.26 million deliveries.