China’s car manufacturer No. 1 has plans for world domination

BYD has ambitious plans on the world stage and strives to ensure that half of his sales are outside China by 2030 – compared to 10 percent last year.

It would see that people like automotive giants such as Toyota and Ford are turning.

According to the sources that Reuters have referred to, BYD strives to procure this growth through fast expansion in Europe and Latin America, since the USA is effectively completed due to high import tariffs for all Chinese brands.

Europe in particular is a significant goal for BYD, even if its fully electric vehicles are subject to a tariff of 27 percent if it is sold on the continent.

There is also a 10 percent tariff for plug-in hybrids, which is also sold in contrast to rival Tesla.

While it is understood that a numerical goal has been communicated to the BYD investors, it is not clear whether it contains a number for global sales by 2030.

However, the current speculation indicates a quick growth rate to achieve this massive ascent.

BYD sold 4.27 million vehicles worldwide last year and drove past MG Parent Saic Motor to become the largest automobile manufacturer China. The Chinese giant also sold more vehicles than Honda (3.81 million sales) and Nissan (3.35 million sales), which conveniently put him in the top 10, but he was missing titans such as Toyota and the Volkswagen Group.

However, Reuters reports that almost nine out of ten BYD vehicles that were sold last year were in China.

If the Chinese part of the vehicle sales were maintained over the next five years – about 3.8 million due to the current percentage – BYD would probably have to increase its global sales to at least 9 million units.

This number would use it in the same league as Toyota, which sold 10.7 million vehicles worldwide in 2024, and the Volkswagen Group, which sold 9 million.

The BYD 2024 sales record was not far from the figures recorded by Ford and General Motors, and the fact that the 4.27 million rose from less than 430,000 in less than five years indicate that quick growth for the rest of the decade is quite possible.

This could cause headaches for brands outside of China. BYDS rapid growth in this market already recorded Volkswagen in 2024 to become the best -selling brand there.

Brands from markets such as Europe, the USA, Korea and Japan have recently stumbled into China because domestic brands such as BYD have risen, but this also shows that there are many strong competitions by themselves.

Jim Farley, CEO of Ford, recently recognized BYD at an investor conference and reports it reportedly as a leading threat in a “global race” for profitable EVS and said that the US brand had to “win against BYD”.

Reuters reports that the analysts in the industry expect that BYD’s global sales will be easily slowed down in 2025 and reach 5 million units, albeit with a lower extent of 80 percent compared to its domestic market.

While it has grown rapidly in markets such as Australia, the European rollout was not as smooth.

However, it has adapted by switching from an EV strategy to PHEVS that are exposed to lower tariffs.

In March 2025 it sold 3269 phevs in Europe and in total in the first quarter of this year the total turnover quadrupled almost on 37.201 units.

BYD is still lucky enough to avoid the higher European tariffs of up to 45.3 percent in some other Chinese EV brands.

In any case, such an ambitious global expansion without the USA as a available market will be difficult to reach.

BYD plans to open a work in Hungary this year, followed by another in Turkey and a third party in Europe. It also opened a work in Thailand last year and builds another in Brazil – although the latter was the subject of controversies due to the treatment of its Chinese workers.

The brand has also shown an interest in building a work in Mexico to serve markets in America.