BYD

BYD, a leading Chinese EV maker, is expanding globally by significantly investing in its car carrier fleet. The company has received its fifth carrier, “Xi’an,” and the “Changsha” is set to launch, both with a capacity of 9,200 vehicles. This builds on existing vessels, supporting BYD’s strong export growth, with exports up 133.8% year-over-year in April and exceeding 293,000 units cumulatively for the first four months, solidifying its position in the competitive EV market.

BYD President Wang Chuanfu personally delivered a Fangchengbao Bao 3 to a young couple in Chongqing, emphasizing customer engagement. The couple, fans of travel and outdoor activities, appreciated the Bao 3’s design and features. The Bao 3, a compact all-electric SUV launched on April 16th, targets urban light off-roading. This event follows Fangchengbao’s milestone of exceeding 100,000 vehicle deliveries in 18 months.

In BYD’s annual shareholder meeting, Chairman Wang Chuanfu revealed his deep personal investment in the company, stating BYD is his sole business. He emphasized a focus on green technology and innovation, aiming to make BYD the “Toyota of the future” with a global expansion plan targeting 10 million vehicles annually. The company has approximately 600,000 undelivered orders with a 5-6 months delivery timeline.

BYD is aggressively pursuing legal action against online defamation and disinformation campaigns. Publicly announcing a crackdown on “black public relations” and media tactics, the EV giant is suing 37 accounts with 126 more under review. BYD has already won cases, with individuals ordered to apologize and pay damages for spreading false information, demonstrating their commitment to protecting their reputation and market fairness.

Tesla CEO Elon Musk acknowledged BYD’s growing competitiveness in EVs during a May 21 CNBC interview, contrasting his 2011 dismissal of the Chinese automaker. BYD outsold Tesla by 79,707 units in Q1 2025, capturing 15.4% of global BEV sales through vertical integration and aggressive pricing. While Musk emphasized focusing on Tesla’s mission over rivalries, analysts note BYD’s rise challenges Tesla’s dominance, potentially accelerating industry-wide decarbonization. The shift reflects evolving market dynamics as both companies vie for leadership in the electric transition. (98 words)