BYD Targets 50% Overseas Auto Sales by 2030, Led by European and Latin American Expansion

Published: May 9, 2025 14:44
【BYD Aims to Achieve 50% Overseas Auto Sales by 2030】BYD, China's largest automaker, plans to sell half of its vehicles in markets outside China by 2030. Expansion in the European and Latin American markets will drive this growth. According to one person familiar with the discussions, BYD executives have been outlining the 2030 target to a small group of investors since the end of last year, emphasizing that European expansion is key to achieving this goal.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[China Recalls Over 38 Million Motor Vehicles During the 14th Five-Year Plan Period]
6 hours ago
[China Recalls Over 38 Million Motor Vehicles During the 14th Five-Year Plan Period]
Read More
[China Recalls Over 38 Million Motor Vehicles During the 14th Five-Year Plan Period]
[China Recalls Over 38 Million Motor Vehicles During the 14th Five-Year Plan Period]
On January 29, according to information released by the State Administration for Market Regulation, China further improved its defective products recall system during the 14th Five-Year Plan period. Over the five-year period, a total of 1,074 recalls were conducted for motor vehicles, involving 38.0352 million units, and 4,190 recalls for consumer goods, covering 40.4019 million items.
6 hours ago
[Vietnam's FPT Group Establishes Semiconductor Chip Packaging and Testing Facility]
6 hours ago
[Vietnam's FPT Group Establishes Semiconductor Chip Packaging and Testing Facility]
Read More
[Vietnam's FPT Group Establishes Semiconductor Chip Packaging and Testing Facility]
[Vietnam's FPT Group Establishes Semiconductor Chip Packaging and Testing Facility]
On January 28, Vietnam’s FPT Group announced the establishment of the country’s first locally-owned and operated semiconductor packaging and testing plant. The facility’s Phase 1 (2026–2027) will cover 1,600 m², housing six testing lines and a reliability testing zone, with completion expected by April 30. Phase 2 (2028–2030) plans to expand to about 6,000 m², adding packaging and testing lines to reach an annual capacity in the billions of units, focusing on IoT, automotive, and edge AI chips.
6 hours ago
[CATL's Sodium-Ion Batteries for Passenger Cars Set for Imminent Launch, Multiple Automakers to Follow]
6 hours ago
[CATL's Sodium-Ion Batteries for Passenger Cars Set for Imminent Launch, Multiple Automakers to Follow]
Read More
[CATL's Sodium-Ion Batteries for Passenger Cars Set for Imminent Launch, Multiple Automakers to Follow]
[CATL's Sodium-Ion Batteries for Passenger Cars Set for Imminent Launch, Multiple Automakers to Follow]
On January 30, Cailian Press learned from multiple independent sources that CATL's sodium-ion power batteries for passenger cars under the "NaXin" brand are set to begin extreme cold public testing next week. Models participating in the test include Changan Oshan, among others. Informed sources revealed, "In addition to Changan, passenger vehicle products from automakers such as GAC and JAC are also expected to be equipped with CATL's sodium-ion batteries."
6 hours ago