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Electric vehicle automaker profile: BYD Auto
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BYD beat Tesla to become the top global seller of EVs (including plug-in hybrids) in 2022 with over 1.8 million in vehicle sales. The Chinese OEM plans to expand sales to Europe, Japan, and India as part of its long-term ambition to grab 15% of the global EV space by 2030. The company’s growth target not only requires a significant expansion of its vertically integrated battery business but also creates massive opportunities for suppliers in its upstream value chain. In this report, we analyse BYD’s long-term outlook as well as the market competitiveness of its key products, core technologies, manufacturing capabilities, and supply chain strategies.
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