BYD Plots Global Domination with New Mega Factories and Ambitious Export Output
Elon Musk may have shrugged the thought of BYD off a few years ago, but the Chinese automaker may have the last laugh with extreme expansion projects currently underway which will possibly see global exports double to 800 000 units. Image: BYD Looking for a new or used vehicle? Find it here with CARmag! In 2024, Tesla produced 1 774 442 EVs while BYD managed 1 777 965 units in the same period. This now makes the Chinese automaker the world’s leading electric vehicle manufacturer but BYD is accelerating its global expansion with major investments in production facilities and an ambitious goal of doubling its overseas sales next year. At the heart of this expansion is a colossal new factory in China which is complemented by a strategic move with production in India and a concerted push to dominate international markets. Related: BYD Aims to Reduce EV Charging Times with New Super e-Platform In Zhengzhou, Henan province, BYD is constructing a manufacturing complex of unprecede...