Camaçari, Brazil
Manaus, Brazil
Beauvais, France
Komárom, Hungary
Manisa, Turkey
Szeged, Hungary
Karachi, Pakistan
Jizzakh, Uzbekistan
Chennai, India
Rayong, Thailand
Sihanoukville, Cambodia
Subang, Indonesia
Battery manufacturing
Manaus, Brazil
Car assembly
Camaçari, Brazil
Bus assembly
Beauvais, France
Bus assembly
Komárom, Hungary
Car manufacturing (due 2025)
Szeged, Hungary
Car manufacturing (due 2026)
Manisa, Turkey
Car assembly (due 2026)
Karachi, Pakistan
Car assembly, plans to manufacture batteries and other components
Jizzakh, Uzbekistan
Battery manufacturing
Chennai, India
Car manufacturing
Rayong, Thailand
Car assembly (due 2025)
Sihanoukville, Cambodia
Car manufacturing (due 2025)
Subang, Indonesia
Source: Baillie Gifford research
“Wang has said that the majority of BYD’s profits will eventually come from overseas markets because it can charge higher margins there,” says Shaw. “And localising production provides the firm with a level of immunity against tariffs and other trade restrictions.”
The firm is also investing in its brand, having sponsored the Euro 2024 football championships. This appears to be paying off. According to a YouGov survey, by mid-2024, 31 per cent of UK consumers were aware of the company, up from just 1 per cent the previous year.
The firm is also rapidly expanding its dealership network, aiming to have 120 locations in the UK alone by the end of 2025. These not only offer test drives but also give prospective buyers confidence in obtaining aftercare, which may not be the case for smaller Chinese brands.