Chinese electric vehicle manufacturer BYD Co expects exports to account for around 20% of its global sales this year, supported by the launch of new models, the South China Morning Post reported on Monday.
According to the paper, BYD projects between 800,000 and 1 million deliveries outside mainland China in 2025, compared with a revised total sales target of 4.6 million units. The company’s general manager of branding and public relations, Li Yunfei, said, “International deliveries will make a greater contribution in the years to come,” noting that BYD’s own fleet of car-carrier vessels has helped boost exports.
The revised forecast confirmed a Reuters report earlier this month that BYD had cut its 2025 sales target by as much as 16%, reflecting its slowest annual growth in five years and signs that its record-breaking expansion may be levelling off.
In 2024, overseas sales represented less than 10% of BYD’s total 4.26 million deliveries, the South China Morning Post added.
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U.S. President Donald Trump said on Thursday that the United States intends to bid to host the World Expo 2035, backing Miami, Florida, as the proposed host city and promising major economic benefits if the bid is successful.
United Nations agencies have taken over the management of vast detention camps in northeastern Syria housing tens of thousands of people associated with Islamic State (IS), after Kurdish-led forces guarding the sites withdrew amid clashes with Syrian government troops.
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