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Focus on Electrification

How BYD became a global EV powerhouse

BYD Seal
A Seal U electric SUV at a BYD showroom in Budapest. BYD is building factories in Hungary and Turkey in an effort to offset higher EU tariffs on the cars it exports from China. (AKOS STILLER/BLOOMBERG)
LH
By:
Lois Hoyal
March 26, 2025 12:25 PM
BYD Seal
A Seal U electric SUV at a BYD showroom in Budapest. BYD is building factories in Hungary and Turkey in an effort to offset higher EU tariffs on the cars it exports from China. (AKOS STILLER/BLOOMBERG)

BYD has put itself into position to be the world’s largest electric vehicle maker, threatening to topple Tesla as it simultaneously keeps a nose ahead of its domestic Chinese rivals.

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