BYD intends to sell between 1.5 and 1.6 million electric vehicles outside of China next year, due to the launch of new models.

The Chinese electric vehicle manufacturer BYD plans to sell between 1.5 and 1.6 million units in external markets in 2024, according to estimates from Citi bank. This represents a significant increase compared to estimates of 900,000 to one million vehicles for the current year, with the advance being driven by the launch of new models. BYD's external sales are balanced, with Europe, North America, and ASEAN contributing to a third of the planned external deliveries for 2025. The company also expects a decrease in capital expenditures in the fourth quarter of 2023 and a significant reduction in 2026, in response to demand.

BYD has lowered its sales target for 2025 to 4.6 million electric vehicles, following a decline in domestic sales. The company is facing fierce competition in the Chinese market and has invested in factories both in China and abroad, including in Hungary and Brazil, with plans for expansion in Europe. Estimates suggest that Chinese car brands could represent 30% of the global automotive market by 2030.