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China News--Chinese new energy vehicle giant BYD expects that with the improvement of logistics and the launch of new models, this year's export volume will account for about 20% of its global sales. According to a report by the South China Morning Post, Li Yunfei, the general manager of BYD's brand and public relations department, said that the company expects the vehicle deliveries outside the Chinese mainland in 2025 to reach 800,000 to 1 million units, which is part of the expected total sales of 4.6 million units.
This confirms an earlier report by Reuters. The report quoted insiders as saying that BYD has adjusted this year's sales target several times in recent months and has currently lowered it to 4.6 million units. In March this year, BYD announced that its vehicle sales target for this year was 5.5 million units.
BYD's latest sales target represents a 7% increase compared to last year, which will be the slowest annual growth rate since 2020. Insiders did not explain the specific reasons for the downward adjustment but indicated that BYD is feeling increasing competitive pressure from rival car companies such as Geely Auto and Leapmotor.
The South China Morning Post reported that Li Yunfei also said, "International deliveries will play a greater role in the next few years," and added that BYD's own car transportation fleet has promoted the surge in exports. |
