The largest automotive brand has rapidly expanded sales of its electric vehicles.
With the support of Warren Buffett, BYD is rapidly growing abroad, driving up the sales of green cars in Asia, Europe, and Latin America.
The business is currently selling its electric vehicles from Singapore to Sweden, a feat for the Chinese consumer market, after initially exporting new energy vehicles to Norway in 2021.
President Xi Jinping’s China Dream
BYD is a living illustration of President Xi Jinping’s vision for China, which includes regaining its place at the epicenter of the world economy.
Due to the company’s vertical integration approach, which involves producing more components internally to improve cost control, affordability is one of BYD’s key competitive advantages.
More than the previous four years combined, BYD sold 1.86 million new energy vehicles in 2017. The business expects to sell 3.7 million all-electric and plug-in hybrid vehicles in 2018.