BYD Drives Global Expansion with Record November Exports
BYD Company Limited, a global leader in new energy vehicles (NEVs), reported strong sales performance for November 2025, with overseas shipments surging to become a core pillar of growth.
The company sold 480,186 NEVs in November, marking a 8.7% increase from the previous month. A standout figure was the export of 131,935 vehicles, representing a substantial 57.2% month-on-month jump. For the first eleven months of 2025, BYD's cumulative sales reached 4.18 million units, a year-on-year increase of 11.3%.
Key Performance Highlights (November 2025)
The table below summarizes BYD's key operational metrics for November, highlighting the scale of its domestic production and international expansion.
Structural Shift Towards Global Markets
The remarkable growth in exports underscores a strategic shift for BYD. Overseas markets are transitioning from a supplementary role to a primary engine for growth. In the first ten months of 2025, BYD's exports accounted for 21% of its total sales, a significant increase from 9.8% in 2024.
Financial reports reflect this transition. In the second quarter of 2025, BYD's overseas revenue reached 135.4 billion yuan, constituting 36.5% of its total income and growing 50.5% year-on-year. Analysts note that overseas profitability is also strengthening, with the company's overseas net profit margin reaching 4.2% in Q3 2025, surpassing its domestic margin of 3.7%.
Product and Technology Backbone
Sales were driven by a balanced product portfolio. In the January-November period, BYD sold approximately 2.07 million pure electric (BEV) vehicles and 2.06 million plug-in hybrid (PHEV) models. The company continues to leverage its integrated technological advantages, including the Blade Battery and the e-Platform 3.0.
This technological edge supports a global expansion strategy that goes beyond simple exports. BYD is actively establishing a local presence in key markets. For instance, its factory in Rayong, Thailand celebrated the delivery of its 90,000th locally produced vehicle in July, while its new Brazilian plant in Camaçari had its first NEV roll off the production line the same month. This shift from "product export" to "ecological export" helps BYD better integrate into local markets, navigate trade policies, and build stable supply chains.
Industry Context and Future Outlook
BYD's performance is part of a broader trend of Chinese automakers gaining global market share. In the competitive European market, Chinese brands captured a record 7.4% share of the passenger car market in September 2025. Institutions like Daiwa Capital Markets project a bright future for BYD's overseas business, forecasting 2026 exports to reach 1.5 to 1.6 million vehicles, an increase of 60%-80% from 2025 levels.
As the global automotive industry undergoes a pivotal transformation, BYD's November results demonstrate how its dual focus on technological innovation and strategic global localization is positioning the company at the forefront of the electric vehicle revolution.