BYD expects overseas shipments to exceed 2.5 million vehicles in 2027. According to Deutsche Bank, the management of the Chinese tech company has forecast that deliveries outside the home country will reach a figure between 1.9 and 2 million vehicles in 2026, almost double last year’s levels. A significant growth that, according to the company itself, could have been even higher without the many logistical constraints that limited its foreign sales.
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BYD aims high with exports
According to rumors, the start of assembly at the plant in Hungary is scheduled for November or December. Also according to Deutsche Bank, management is considering additional production sites abroad. Local production would allow BYD to avoid EU tariffs, which are about 27%, on battery electric vehicles and Brazilian tariffs on imports, in this case 34%. The savings, according to management, would offset the start-up production costs.
Vehicles and charging stations
The news outside China does not only directly concern plug-in cars, but also the charging ecosystem around them. In this regard, BYD plans to install 90,000 fast charging stations by 2028. Of these, 20,000 will be operational by the end of 2026, followed by another 30,000 in 2027 and 40,000 in 2028. The Chinese company aims to capture a 25% share of the domestic Chinese automotive market. Remember that its market share rose to 18% in July, compared to 8% at the beginning of the year.
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