Surpassing Toyota! BYD Aims to Sell 10 Million Vehicles by 2030

June 9, BYD Chairman Wang Chuanfu clearly stated at the 2025 annual general meeting: In 5 years, BYD strives to become the largest globally in terms of scale, achieving annual production and sales of 10 million vehicles by 2030.

Goal: Benchmarking Toyota, Doubling in 5 Years

Wang Chuanfu stated that BYD's goal is to achieve annual production and sales of 10 million vehicles by 2030, at which point it will become the largest automotive group in the world. For reference, Toyota Motor Group's global sales in 2025 were 11.3226 million vehicles, while BYD's 2025 sales were 4.6 million vehicles, marking its first entry into the top 5 global automotive companies. This means BYD needs to more than double its sales within 5 years.

BYD's sales grew rapidly over the past 5 years: 730,000 in 2021, 1.87 million in 2022, 3.02 million in 2023, 4.27 million in 2024, 4.6 million in 2025. From 427,000 to 4.6 million, BYD's 5-year compound growth rate exceeded 60%.

Overseas Market: Original Target Expected to Be Exceeded

In 2025, BYD's overseas sales reached 1.0496 million vehicles, a year-on-year increase of over 145%, breaking through the 1 million mark for the first time. From January to May 2026, overseas sales of passenger cars and pickup trucks reached 614,500. Wang Chuanfu revealed that BYD has raised its 2026 overseas sales target from 1.3 million to 1.5 million vehicles, and is expected to exceed the 1.6 million target set at the beginning of the year. Currently, BYD has put overseas factories in Thailand, Brazil, Hungary, etc., into production or under construction, and plans to fully deploy fast-charging stations overseas in Q4 2026.

Capacity Bottleneck: This Year's Sales Depend on Batteries

"BYD's 2026 sales depend on battery production", Wang Chuanfu stated plainly. After the launch of the second-generation Blade Battery and fast-charging technology, orders surged, but capacity is still ramping up. Currently, second-generation Blade Battery capacity is steadily increasing at an increment of 20,000-30,000 vehicles per month, and the company is working "day and night" to meet the challenges. Wang Chuanfu expects larger capacity release in 2027, at which time both domestic and international markets will be empowered simultaneously.

Intelligence: 3.15 Million Vehicles Creating a Data Moat

BYD's investment in the field of intelligent driving is beginning to show results. Currently, BYD has deployed 3.15 million intelligent driving models globally, generating approximately 200 million kilometers of driving data daily. There are over 5,000 intelligent driving R&D engineers, with cumulative investment reaching 100 billion yuan. Wang Chuanfu predicts that L3, L4 level intelligent driving will definitely be implemented earlier. BYD has prepared in terms of chips, algorithms, data, ecosystems, etc., and will quickly launch relevant products once regulations are implemented.