BYD aims to be world's biggest car brand within 5 years amid plans for new European factory

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BYD aims to be world's biggest car brand within 5 years amid plans for new European factory.

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Chinese giant BYD has set its sights on global domination as it looks to become the best-selling car brand in the world within five years.BYD Chairman Wang Chuanfu said he expected the Shenzhen-based brand to become the world's largest automaker by 2031.In 2025, BYD sold 4.8 million vehicles, ranking seventh among the best-selling car brands in the world as Toyota retained its crown with 11.3 million sales.While international sales have flourished, registrations of new vehicles in China have slumped, prompting shares of the company to drop significantly.

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TRENDING Stories Videos Your Say In the last year, shares have fallen by more than 45 per cent since their peak in Hong Kong, while its Shezhen-listed stock has dropped 33 per cent.At the company's annual shareholder meeting, Mr Chuanfu reassured investors that BYD would bounce back with new vehicles and impressive technology.He stated that BYD would increase output of its second-generation Blade Battery, which he identified as a key...

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