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America One News
11 May 2025
#economy
GB News: Major car brand BYD set for global expansion to 'repeat Chinese success in overseas markets'
BYD plans to sell half of its vehicles outside China by 2030, focusing on expanding in Europe and Latin America. The company sold 4.27 million vehicles last year, with 90% in China, but is gaining traction in the UK, where it has already sold 11,782 cars this year.
The brand's electric vehicles are performing well, outselling established UK brands and nearing Tesla's sales figures. With the UK government pushing for electric vehicle adoption, BYD aims to leverage this trend, offering competitive pricing and a mix of electric and hybrid models.