Business · Companies · 1 hr ago
BYD faces barriers as it aims to become the world’s biggest carmaker
China’s BYD delivered 4.6 million vehicles in 2025 and wants to become the world’s biggest carmaker by 2030.
Toyota sold 11 million vehicles in 2025, so BYD still has a long way to go.
BYD has grown by selling affordable vehicles, including electric models, much as Toyota once grew with fuel-efficient cars.
It leads China’s car market and exports nearly half of its vehicles.
But the global car market may grow more slowly in the coming decade, leaving less room for companies to expand.
BYD also has limited access to the United States, India and Japan, three of the world’s largest car markets.
Several countries have added or are considering tariffs on Chinese vehicles, making it harder for BYD to increase sales abroad.
BYD founder Wang Chuanfu said in June that the company aims to become the world’s biggest carmaker by 2030.
Reaching that goal would mean overtaking Toyota, which sold 11 million vehicles in 2025.
BYD delivered 4.6 million vehicles in 2025 and held a 12% share of China’s car market through August, according to Automobility.
The company has entered about 120 countries and territories, but has no or limited access to the United States, India and Japan.
Trade barriers and the possibility of slower growth in the global car market could make BYD’s expansion more difficult.
- Who
- BYD and its founder, Wang Chuanfu; Toyota is the company BYD aims to overtake.
- What
- BYD aims to become the world’s biggest carmaker by 2030. Trade barriers and limited access to major markets are among the obstacles.
- When
- Wang stated the ambition in June; the target is 2030.
- Where
- The global car market, including China and major markets such as the United States, India and Japan.
- Why
- Wang’s stated aim is to make BYD the world’s biggest carmaker. A reason for the ambition is not stated.
This story does not have two clearly opposing sides.
Most Toyota cars were going to overseas markets, prompting the United States and the European Economic Community to negotiate import quotas with Tokyo.
BYD’s 2025 vehicle deliveries were comparable to Toyota’s annual volume in this year.
Toyota sold 11 million vehicles, while BYD delivered 4.6 million.
Wang Chuanfu told shareholders that BYD aims to become the biggest carmaker by 2030.
- BYD target
- Become the biggest carmaker by 2030
- Toyota sales
- 11 million vehicles in 2025
- BYD deliveries
- 4.6 million vehicles in 2025
- China market share
- 12% through August, according to Automobility
- Markets entered by BYD
- About 120 countries and territories
- BYD EU tariff
- Additional 17% on imports from China
What people are saying
If one sells 10 million cars, another stops selling 10 million
Sources
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