BYD, a Chinese EV maker, faced a problem. It wanted to export but shipping was broken. Pandemic chaos made it hard to move goods. Cars were stuck. So BYD built its own ships. A bold move. So it goes.
The company’s plan worked. Global sales jumped. By 2025, 22% of its cars left China. Revenue from abroad hit 36% of total. Money talks, even across oceans. So it goes.
Half and half
BYD aims to sell half its cars abroad by 2030. Europe and Latin America are targets. North America? Not yet. Shipping is key. In-house logistics make sense. So it goes.
BYD’s first car carrier sailed in 2022. Six more followed. They moved 464,000 cars in six months. A leap. So it goes.
Foreign sales brought in $19 billion. Higher prices abroad boost profits. BYD’s math adds up. So it goes.
In Hong Kong, BYD sold more than Tesla. In Thailand, four times the second-place maker. Metrics matter. So it goes.
BYD’s NEVs include hybrids. Competitors sell only BEVs. Still, BYD leads. Strategy pays. So it goes.
Heading to sunnier shores
China’s EV market is crowded. Price wars hurt margins. Foreign markets offer better returns. BYD’s logic is clear. So it goes.
50% exports by 2030? A stretch. But BYD’s progress is real. From underdog to leader. So it goes.
Don’t underestimate BYD. It’s building something. A global empire, perhaps. So it goes. 🚢
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2025-09-21 21:42