Chinese carmaker BYD chases 24% export growth with new models, more showrooms abroad

AI Summary
BYD, the world's largest EV maker, is targeting a 24% increase in overseas sales by 2026, aiming to sell 1.3 million vehicles outside mainland China. This expansion is driven by new model launches, including Denza-branded vehicles, and a growing international dealer network, currently at 2,000. The company seeks to counter a slowing domestic market by increasing its global presence and brand awareness. In 2025, overseas sales constituted approximately 23% of BYD's total deliveries of 4.6 million units, a significant increase from 10% in 2024. BYD's strategy involves leveraging its five brands to penetrate various market segments internationally.
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