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BYD aims to sell 500,000 EVs overseas this year: report
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TechNode
BYD aims to sell 500,000 electric vehicles overseas in 2024 and further double the number to 1 million units in 2025, chairman Wang Chuanfu told investors on Wednesday.
The figures would mark a significant increase compared to the nearly 243,000 units it achieved last year.
BYD’s overall sales are expected to jump 20% to 3.6 million units this year, according to a transcript quoted by media outlet Yicai, lower than the estimate of 4 million units made by some analysts.
A day earlier, the Chinese EV giant posted net income of more than RMB 30 billion ($4.15 billion) in 2023, representing an annual increase of 80.7%, while the margin of its car business improved from 20.39% to 23.02%.
[Yicai, in Chinese]Related
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