From January to May 2025, BYD’s overseas exports of new energy vehicles rose strongly, with Brazil ranking first with 71,057 vehicles. From the perspective of regional layout, BYD has achieved multiple breakthroughs and full bloom in the Latin American, European and Asian markets.
According to the export database of Gasgoo Automotive Research Institute, the detailed data of BYD’s top 10 passenger car export destinations during this period are as follows:
NO.1 Brazil. From January to May 2025, 23,086 pure electric passenger cars and 47,971 plug-in hybrid passenger cars were exported to Brazil, totaling 71,057 vehicles.
NO.2 Mexico. From January to May 2025, 22,772 pure electric passenger cars and 35,300 plug-in hybrid passenger cars were exported to Mexico, totaling 58,072 vehicles.
NO.3 Belgium. From January to May 2025, 32,361 pure electric passenger cars and 24,161 plug-in hybrid passenger cars were exported to Belgium, totaling 56,522 vehicles.
NO.4 United Kingdom. From January to May 2025, 14,241 pure electric passenger cars and 10,727 plug-in hybrid passenger cars were exported to the United Kingdom, totaling 24,968 vehicles.
NO.5 Turkey. From January to May 2025, 8,715 pure electric passenger cars and 14,406 plug-in hybrid passenger cars were exported to Turkey, totaling 23,121 vehicles.
NO.6 Indonesia. From January to May 2025, 15,164 pure electric passenger cars and no plug-in hybrid passenger cars were exported to Indonesia, totaling 15,164 vehicles.
NO.7 Spain. From January to May 2025, 8,649 pure electric passenger cars and 5,650 plug-in hybrid passenger cars were exported to Spain, totaling 14,299 vehicles.
NO.8 Australia. From January to May 2025, 8,386 pure electric passenger cars and 5,496 plug-in hybrid passenger cars were exported to Australia, totaling 13,882 vehicles.
NO.9 Philippines. From January to May 2025, 3,554 pure electric passenger cars and 8,559 plug-in hybrid passenger cars were exported to the Philippines, totaling 12,113 vehicles.
NO.10 Thailand. From January to May 2025, 9,316 pure electric passenger cars and no plug-in hybrid passenger cars were exported to Thailand, totaling 9,316 vehicles.
So far, BYD’s overseas business has successfully expanded to six continents around the world, covering more than 110 countries and regions. From the perspective of regional market performance, Latin American markets such as Brazil and Mexico have achieved particularly impressive results, among which the Brazilian market has shown strong growth momentum, which is mainly due to the profound impact of the local new energy vehicle tariff policy.
Specifically, since January 2024, the Brazilian government has begun to gradually restore import tariffs on new energy vehicles, and has clearly planned to further increase the tax rate in July each year. Affected by this policy, BYD accelerated the pace of exporting new energy vehicles to Brazil before the tax rate was raised. In May 2024, BYD set a record of exporting 39,000 new energy vehicles in a single month. With the upcoming node in July this year when the tariffs on pure electric vehicles (BEV) and plug-in hybrid vehicles (PHEV) in Brazil will be raised from 18% and 20% to 25% and 28% respectively, BYD’s exports increased significantly again in May, reaching 21,000 vehicles, accounting for about 30% of the total exports to Brazil from January to May.
It is worth mentioning that BYD has also delivered impressive results in terms of market performance in Brazil: in May, BYD jumped to fourth place in the Brazilian automobile brand retail sales ranking, with a market share of 9.7%. Strong market demand and good sales momentum have undoubtedly provided strong support for BYD to continue to increase its export efforts, so that it does not need to worry about the backlog of cars.
In the European market, BYD’s new energy vehicle exports in May were remarkable. Among them, 14,423 vehicles were exported to Belgium, 7,398 vehicles were exported to the United Kingdom, and 2,436 vehicles were exported to Spain. The strict carbon emission standards implemented in Europe have created a broad space for the development of the new energy vehicle market, and BYD’s pure electric and plug-in hybrid models just meet the local low-carbon travel needs. In addition, judging from the market performance data, BYD has a strong development momentum in the European market. In April, BYD’s pure electric vehicle sales in Europe reached 7,231 units, a significant increase of 169% compared with the same period last year, successfully ranking among the top ten in the European electric vehicle sales list, demonstrating its strong competitiveness in the European market.
In the Asian market, BYD has performed outstandingly in the export of pure electric vehicles and the layout of production capacity. From January to May, 14,636 pure electric vehicles were exported to Thailand. At the same time, the Rayong plant in Thailand has a strong production capacity and a stable output of 150,000 vehicles per year, which provides a strong guarantee for the supply of pure electric vehicles in Thailand and even the surrounding areas. Indonesia’s pure electric vehicle market also shows a positive development trend. From January to May, its pure electric vehicle sales were 13,717, achieving a slight increase. In February this year, the Indonesian Ministry of Industry stated that it would provide tax relief policies for several Chinese car companies such as BYD, and strongly support these companies to establish production bases in Indonesia. In addition, Indonesia has also formulated a long-term plan to increase the number of domestic charging stations to nearly 50,000 by 2030 to improve the infrastructure supporting the use of electric vehicles.
Overall, BYD has achieved multi-regional growth in overseas markets by relying on product adaptability and combining the new energy vehicle promotion policies of various countries. In the future, it is necessary to continue to pay attention to policy changes and market competition to consolidate overseas shares.
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