BYD is stepping up efforts to build overseas factories

BYD (BYD) is stepping up its efforts to build factories overseas. It plans to build factories in more than five locations, including those in Thailand, Brazil, and Europe. The ability to establish price-competitive production systems around the world will determine future growth. In China, due to the new car offensive of various manufacturers, BYD’s market share has hit the ceiling. BYD’s market share of new energy vehicles such as pure electric vehicles and PHVs peaked at more than 35% in January 2023 and currently hovers at more than 30%. To achieve future growth, BYD is actively targeting overseas demand. Now exporting to more than 50 countries and regions.