"Our overseas market will account for a relatively large proportion of our global sales in the future," said Executive Vice President Stella Li, indicating a powerful global strategy.
To achieve the global goal, BYD is investing billions of dollars on production facilities in Europe, Asia, and South America to serve local markets and skirt trade barriers.
BYD is on track to hit 500,000 overseas sales this year, having reached 270,000 in the first seven months, accounting for around 14% of its overall total.
The European Union imposed an additional 17% duty on BYD cars, while Canada and the U.S. have both slapped 100% levies on Chinese EVs, accusing China of cheating on trade.
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