Brazil, Mexico secure top 2 spots丨Top 10 destinations by BYD's shipments of passenger vehicles(Jan.–May 2025)

From January to May 2025, BYD's overseas new energy vehicle (NEV) exports surge, led by Brazil with 71,057 units. By regions, the company achieves significant breakthroughs across Latin America, Europe, and Asia, demonstrating a well-rounded global expansion.

Here are the top 10 destination countries by BYD passenger vehicle exports from January to May 2025, with detailed data:

Brazil: 23,086 battery electric passenger vehicles and 47,971 plug-in hybrid electric passenger vehicles, totaling 71,057 units

Mexico: 22,772 battery electric passenger vehicles and 35,300 plug-in hybrid electric passenger vehicles, totaling 58,072 units

Belgium: 32,361 battery electric passenger vehicles and 24,161 plug-in hybrid electric passenger vehicles, totaling 56,522 units

UK: 14,241 battery electric passenger vehicles and 10,727 plug-in hybrid electric passenger vehicles, totaling 24,968 units

Turkey: 8,715 battery electric passenger vehicles and 14,406 plug-in hybrid electric passenger vehicles, totaling 23,121 units

Indonesia: 15,164 battery electric passenger vehicles

Spain: 8,649 battery electric passenger vehicles and 5,650 plug-in hybrid electric passenger vehicles, totaling 14,299 units

Australia: 8,386 battery electric passenger vehicles and 5,496 plug-in hybrid electric passenger vehicles, totaling 13,882 units

Philippines: 3,554 battery electric passenger vehicles and 8,559 plug-in hybrid electric passenger vehicles, totaling 12,113 units

Thailand: 9,316 battery electric passenger vehicles

BYD has established a global footprint spanning six continents and over 110 countries and regions. Among its global markets, Latin America—particularly Brazil and Mexico—emerges as a key growth engine, supported by favorable NEV-related trade and tariff policies.

Since January 2024, Brazil has been gradually restoring import tariffs on NEVs, with further increases scheduled each July. To stay ahead of the rise of costs, BYD steps up its shipments to Brazil. In May alone, it ships a record 39,000 NEVs. With the next tariff hike set for July—raising rates on battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) to 25% and 28%—BYD increases its May exports to 21,000 units, which accounts for nearly 30% of its total shipments to Brazil from January to May.

Notably, BYD delivers a strong retail performance in Brazil. In May, it rises to fourth place among all auto brands in the country, capturing a 9.7% market share. Robust local demand and solid sales momentum ease inventory concerns and strengthen BYD's confidence in ramping up exports.

In Europe, BYD maintains strong momentum in May, with significant NEV exports to the continent—14,423 units to Belgium, 7,398 to the UK, and 2,436 to Spain. Europe's stringent carbon emission regulations have created fertile ground for NEV adoption, and BYD's portfolio of BEVs and PHEVs aligns well with the region's push for low-carbon mobility. The company's growing market presence is also reflected in its April performance, when BYD sold 7,231 BEVs in Europe—a 169% YoY increase—earning it a spot among the region's top 10 electric vehicle (EV) brands.

In Asia, BYD demonstrates strong performance in both BEV exports and local production capacity. From January to May, the company exports 9,316 BEVs to Thailand. Its Rayong plant in Thailand, with an annual production capacity of 150,000 units, plays a key role in ensuring stable BEV supply across Thailand and neighboring markets. Indonesia's BEV market continues to gain traction, with 15,164 units sold from January to May. In February, the Ministry of Industry of Indonesia announced tax incentives for automakers like BYD to encourage local production. The country also targets a major infrastructure push, aiming to install nearly 50,000 charging stations by 2030.

Overall, BYD's strong product-market fit, combined with favorable NEV policies across key regions, drives its continued overseas expansion. Moving forward, the company's ability to navigate evolving policy landscapes and intensifying market competition will be critical to consolidating its global presence.