BYD Targets 800,000 EV Sales Outside China in 2025, Plans Local Assembly to Counter Tariffs

Chinese electric vehicle giant BYD is aiming to double its international sales to over 800,000 cars in 2025, its chairman revealed during an earnings call on Tuesday. The company plans to navigate trade barriers by assembling vehicles locally in key markets. This strategy comes as countries, including the U.S. and the European Union, impose tariffs and restrictions on Chinese-made EVs. BYD’s aggressive expansion plan underscores its ambition to challenge global competitors and strengthen its presence beyond China.