en.Wedoany.com Reported - BYD CEO Wang Chuanfu stated at the shareholders' meeting that the company plans to become the world's largest automaker by 2030.

To achieve this goal, BYD needs to more than double its production from 2025 levels and significantly increase the proportion of output from overseas factories. Wang believes that the company's target of selling 1.6 million vehicles in overseas markets this year is likely to be surpassed.

In 2025, BYD ranked sixth among global automakers with a light vehicle production of 4.6 million units, surpassing Ford and domestic competitor Geely, which produced 4.4 million and 4.1 million units respectively. However, it still lags far behind industry leader Toyota, which produced approximately 11.3 million vehicles globally. Second-ranked Volkswagen produced 8.9 million vehicles, third-ranked Hyundai (including Kia data) produced 7.3 million, and fourth-ranked General Motors produced 6.2 million.

BYD has a smaller gap with fifth-ranked Stellantis, whose fifteen brands assembled 5.4 million vehicles in 2025, a difference of about 800,000 units. Given BYD's pace of factory construction—whether self-built or shared with competitors, and even studies on cooperation with Stellantis—this gap of 800,000 units may soon be eliminated.

Wang noted that BYD's production growth before the end of this decade will be driven by the sustained competitiveness of China's industry, high-quality products, and an increasing number of proprietary technologies, such as Level 3 to Level 4 autonomous driving systems. He said, "Once regulations are in place, BYD will take off quickly." The company not only has R&D centers in China but also in Europe, South America, and other regions.

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