BYD Sets Sights on Global EV Dominance with Tech Breakthroughs and Aggressive Expansion Plans

BYD believes new energy vehicles have entered the “knockout round” against gas cars and will introduce new tech offering over 1,200 mile range.

BYD aims to more than double overseas sales to 500,000 vehicles in 2022 and sell 1 million overseas by 2025 with its “overseas + localization” strategy.

BYD launched a “liberation battle” against gas cars with drastic price cuts and new affordable models like the Seagull EV starting under $10,000.

BYD sees joint venture brands' (overseas automakers') market share in China falling from 40% to 10% as Chinese brands grow.

Ford sees 20-30% revenue at risk if automakers can't keep up with Chinese companies like BYD's scaling and cost reductions.