BYD Has An Aggressive Plan To Expand Into Foreign Markets - CleanTechnica

The article from CleanTechnica highlights BYD’s strategic plan to expand aggressively into foreign markets amid intense competition in China’s electric vehicle (EV) sector. Despite significant government support for EVs in China, the market is highly competitive and unprofitable for many automakers, with the government unwilling to bail out failing companies. BYD, recognizing the challenges of competing domestically where many rivals sell vehicles below cost, is shifting focus to international markets where competition is less fierce and profit potential is higher. This approach mirrors historical precedents, such as Japanese automakers entering the U.S. market and eventually producing locally to gain market share and profitability. BYD is actively investing in overseas production facilities, including a new factory in Hungary expected to begin pilot production in early 2026 and full production by mid-2026. This factory is part of a broader global production strategy that includes plants in Brazil and Turkey, complementing an existing facility in Thailand that already exports vehicles to Europe. Although initial costs in