BYD Chairman Declares Goal to Become World’s No. 1 Automaker by 2030…Leading with Next-Generation Batteries

*This content was translated by AI.

BYD Chairman Wang Chuanfu announced at the 2025 annual general meeting held on the 9th that the company aims to become the world’s largest automaker by scale within the next five years.

According to reports from Chinese local media on the 9th, Wang Chuanfu, chairman and president of BYD, unveiled a mid-to-long-term vision at the 2025 regular shareholders’ meeting. Wang Chuanfu presented a concrete plan to reach the top of the global automotive industry by 2030, based on next-generation battery technology and proprietary technical capabilities.

Wang Chuanfu emphasized the growth momentum of Chinese automakers in the international market. He evaluated that BYD products are currently outperforming local competitors by leveraging competitive pricing, advanced technology, and superior user experiences. While BYD has set an overseas sales target of 1.6 million units for this year, Wang Chuanfu projected that this figure will be surpassed given current sales trends. He stressed the importance of a long-term strategy and local market penetration, stating that the goal is to achieve mutual growth in the global market.

Regarding the future automotive intelligence strategy, Wang Chuanfu defined vehicles as "embodied intelligence." Currently, there are 3.15 million intelligent driving vehicles from BYD operating on roads worldwide, accumulating 200 million kilometers of driving data daily. This data serves as the core foundation for advancing BYD’s next-generation autonomous driving capabilities.

Wang Chuanfu predicted that Level 3 and Level 4 autonomous driving technologies will enter the commercialization phase faster than market expectations. BYD has completed preparations across semiconductor chips, algorithms, and the entire data ecosystem. The company is establishing and operating autonomous driving education centers in Europe, South America, Southeast Asia, and the Middle East.

On improving profitability and brand image both domestically and internationally, Wang Chuanfu stated that advancement through core technological capabilities is the solution. He explained that BYD is recognized as a premium brand in several overseas markets, including Australia, Europe, and South America. BYD plans to introduce new technologies next year that will enhance brand value and per-vehicle profitability. The company intends to adopt second-generation Blade batteries, rapid charging innovation technologies, and self-developed patented technologies over the next three to five years. Through these initiatives, BYD aims to reach the top global position by leveraging dual-engine growth momentum from both the domestic Chinese market and the global market.

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*This content was translated by AI.