BYD’s overseas new energy vehicle (NEV) exports have seen a significant surge from January to May 2025, with Brazil leading the way with 71,057 units. The company has made notable breakthroughs in regions across Latin America, Europe, and Asia, showcasing a strong global expansion strategy.
Let’s take a closer look at the top 10 destination countries for BYD passenger vehicle exports during this period:
1. Brazil: A total of 71,057 units, consisting of 23,086 battery electric passenger vehicles and 47,971 plug-in hybrid electric passenger vehicles.
2. Mexico: Totaling 58,072 units, with 22,772 battery electric passenger vehicles and 35,300 plug-in hybrid electric passenger vehicles.
3. Belgium: 56,522 units, including 32,361 battery electric passenger vehicles and 24,161 plug-in hybrid electric passenger vehicles.
4. UK: 24,968 units, comprising 14,241 battery electric passenger vehicles and 10,727 plug-in hybrid electric passenger vehicles.
5. Turkey: 23,121 units, with 8,715 battery electric passenger vehicles and 14,406 plug-in hybrid electric passenger vehicles.
6. Indonesia: 15,164 battery electric passenger vehicles.
7. Spain: 14,299 units, including 8,649 battery electric passenger vehicles and 5,650 plug-in hybrid electric passenger vehicles.
8. Australia: 13,882 units, consisting of 8,386 battery electric passenger vehicles and 5,496 plug-in hybrid electric passenger vehicles.
9. Philippines: 12,113 units, with 3,554 battery electric passenger vehicles and 8,559 plug-in hybrid electric passenger vehicles.
10. Thailand: 9,316 battery electric passenger vehicles.
BYD has established a robust global presence, operating in over 110 countries and regions across six continents. Latin America, particularly Brazil and Mexico, has emerged as a key growth driver for the company, thanks to favorable NEV trade policies.
In Brazil, BYD has ramped up its exports in response to increasing import tariffs on NEVs. With a record 39,000 units shipped in May ahead of the tariff hike in July, BYD has secured a strong market position, capturing a 9.7% market share and easing inventory concerns.
In Europe, BYD continues to excel with significant NEV exports to countries like Belgium, the UK, and Spain. The company’s focus on low-carbon mobility aligns well with the region’s stringent emission regulations, positioning it as a top EV brand in the market.
In Asia, BYD’s exports to Thailand and Indonesia reflect its strong product-market fit and local production capacity. With tax incentives and infrastructure developments driving NEV adoption in these markets, BYD is well-positioned for growth in the region.
Overall, BYD’s overseas expansion is driven by a combination of product-market fit and supportive policies. As the company navigates evolving landscapes and market competition, its global presence is set to strengthen further in the coming years.
