Show Quick Read Summary is AI-generated, newsroom-reviewed

Chinese electric vehicle maker BYD aims to sell up to 1.6 million vehicles abroad next year, doubling down on overseas expansions with high double-digit growth from 2025, Citi said in a report on Tuesday. Overseas sales guidance of 1.5-1.6 million vehicles is up from an expected 900,000 to 1 million vehicles sold outside China in 2025, "with growth driven by new model launches," the Citi note said, citing a meeting with BYD management on Tuesday.

BYD's "overseas sales mix is balanced across different regions, with Europe, North America and ASEAN accounting for one-third of total 2025 overseas sales respectively," according to Citi. BYD management also expects a decline in capital expenditure in the fourth quarter from the previo

See Full Page