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byd executive vice president: nearly half of future sales will come from overseas

2024-08-28

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original title: a truly international giant! byd executive vice president: nearly half of future sales will come from overseas

according to fast technology on august 28, byd is undoubtedly the largest automobile manufacturer in the chinese market at present, but it is obviously unrealistic to rely only on the domestic market if it wants to go further. it must go abroad and occupy a larger share in the overseas market.

according to media reports, byd executive vice president li ke said at the company's shenzhen headquarters on the 26th of this month:overseas markets will account for a larger proportion of global sales in the future, and "nearly half of sales" will come from overseas.

li ke also said that as byd expands its autonomous driving and connected car businesses, it has also established its own data centers in various european countries, and the data collected will not be sent to china.

byd's overall goal is to sell about 3.6 million pure electric and plug-in hybrid vehicles in 2024, of which overseas sales are expected to reach 500,000. in the first seven months, it has reached 270,000, accounting for about 14% of its total sales.

to achieve its global goals, byd is investing billions of dollars to build production facilities in europe, asia and south america.to serve the local market and circumvent trade barriers against chinese electric vehicles

it is reported that byd's thailand factory is already in operation, and it is building manufacturing plants in hungary, brazil and turkey. the company has pledged to build a factory in indonesia and is preparing to sign a production agreement in mexico.

some analysts said,byd's 50% overseas sales target may not be achieved until the end of this decade.it said: "among chinese original equipment manufacturers (oems), chery automobile currently has roughly the same proportion of export and domestic sales. the company was the first to go overseas and is now china's largest export oem. other companies still rely heavily on the domestic market."