In view of the increasing demand in India, BYD is $1211 (+0,16%) is rethinking its strategy there. The Chinese manufacturer is considering increased localization of production, almost two years after the country rejected its proposal for a new USD 1 billion plant in India.

》BYD reviews establishment of SKD production in India《

BYD currently offers four models in India, two of which - the Seal and the Sealion 7 - are imported. This is part of the GSR 870 (E) scheme, which allows companies to bypass local homologation for up to 2,500 completely assembled vehicles (CBU) or completely knocked down (CKD) vehicles per year. According to a report by Bloomberg, demand for the CBU models is approaching its capacity limit, prompting the company to consider expanding local assembly capacity.

Last year, BYD used 788 percent of its import quota for the Sealion alone, with around 2,200 units being registered. Supply bottlenecks are extending delivery times and leading to a backlog of orders of several hundred units at dealers. In addition to limited availability, the high price is also slowing the growth of such models. The Sealion 7, for example, is subject to an import duty of 70 percent and costs 4.94 million rupees or 5.49 million rupees (approx. 45,000 to 50,000 euros), depending on the variant.

BYD is therefore considering importing kits (SKD) instead of complete vehicles and assembling them locally, as reported by the Bloomberg news agency. SKD production is less capital intensive and regulatory approvals are easier to obtain than a complete assembly plant, which BYD had originally planned to build in 2023 in partnership with Megha Engineering and Infrastructure Limited (MEIL), the parent company of electric bus manufacturer Olectra Greentech.

The switch from CBU to SKD would reduce tariffs on the vehicles from 70 to 30 percent, allowing BYD to offer its models more competitively. The company already assembles the other two models in its range, the Atto 3 and the eMax 7, from CKD kits at a plant in Sriperumbudur, Tamil Nadu. BYD has already initiated the processes to obtain safety and approval certifications to localize more models.

BYD has a network of 47 showrooms in 40 cities in India and sold around 5,500 vehicles in the country last year, an increase of around 88 percent compared to the previous year. Last summer, BYD also recorded a cumulative 10,000 deliveries in India since entering the market.

In view of increasing competition and reduced subsidies on the domestic market, the Chinese car manufacturer is increasingly focusing on foreign business. Last year, BYD sold around 1.05 million vehicles internationally and is aiming to increase this figure by almost 24 percent to 1.3 million units this year.

Vietnamese car manufacturer Kim Long Motor announced that it is joining forces with Chinese company BYD $1211 (+0,16%) to build a 130 million dollar factory to produce batteries for commercial electric vehicles in central Vietnam.

Under the agreement, Kim Long Motor will finance the construction of the plant, while BYD will provide comprehensive technical and technological support, the company said in a statement.

The plant will be built on 4.4 hectares of land and will have a capacity of 3 gigawatt hours per year, Kim Long Motor said in a statement.

The company said operations are expected to start soon, but did not give an exact timeline.

In the second phase, the plant will be expanded to 10 hectares and its production capacity will be doubled to 6 GWh per year. The expansion will also include the production of batteries for electric cars.

The plant will produce batteries for commercial vehicles such as buses, trucks and minibuses.

The Vietnamese market for electric vehicles is growing rapidly, led by domestic car manufacturer VinFast, which dominates the sector.

VinFast recently entered the commercial vehicle segment with the launch of its EC Van electric delivery van, which is designed for sustainable urban freight transportation.

The Chinese company BYD $1211 (+0,16%) and the US oil company Exxon Mobil $XOM (+1,47%) will deepen their partnership in the field of hybrid technology, as the Chinese electric vehicle manufacturer announced in a press release.

Under a long-term strategic memorandum of understanding signed on Monday, the two companies will jointly explore the development of customized products, cooperation in new material applications and other fields, according to the statement.

Last year, BYD launched a motor oil specially developed for plug-in electric vehicles together with Exxon Mobil.

BYD $1211 (+0,16%) is now also improving its battery warranty throughout Europe - the Chinese manufacturer had already taken this step in Norway a few weeks ago.

The warranty now extends for eight years or 250,000 kilometers, whichever comes first. Both new and existing customers will benefit from this.

The improvement relates specifically to the guaranteed mileage, which increases from 200,000 to 250,000 km. The warranty period remains the same at eight years.

This means that the increase of 50,000 kilometers will primarily benefit frequent drivers who drive long distances in a short period of time, while the warranty will continue to end after eight years.

Ideally, an average of 31,250 kilometers per year would be possible to make full use of the warranty period.

The longer battery warranty applies to all BYD electric cars and plug-in hybrids, with the exception of the eTP3 electric van, as in Norway.

The battery warranty should not be confused with the basic warranty for the entire BYD vehicle of six years or 150,000 km (which remains as it is), the twelve-year warranty without mileage limit against rusting through and the electric drive warranty of eight years or 150,000 km.

One thing is clear: most e-car drivers will not reach 250,000 kilometers in eight years. The advantage therefore only applies to owners who really drive a lot. This is because the other factors of the guarantee remain the same: in addition to the eight-year term, this also applies to the guaranteed "State of Health" (SOH) of the battery of 70 percent. This means that BYD must replace or repair the battery or otherwise provide a replacement if the battery capacity falls below 70 percent during the warranty period.

"This increase in mileage is intended to further strengthen users' confidence in electric vehicles and applies not only to new cars, but also to all existing BYD models. Owners of a BYD electric vehicle or super hybrid in Europe will therefore automatically benefit from the extended warranty," BYD announced. Specifically, the upgraded warranty applies in the countries of the European Economic Area (EEA), Switzerland and the UK.

Canada and China reached an agreement last week to reduce tariffs on electric vehicles (EVs).

The first beneficiaries are likely to be manufacturers who have already obtained North American certification and are rapidly expanding their activities abroad.

According to a report by Bloomberg on Monday, which cites Bloomberg Intelligence analysts such as Joanna Chen, these include Tesla $TSLA (-0,45%) as well as the Geely $175 (-0,08%) controlled companies Volvo Car and Polestar.

Tesla is a major importer of electric vehicles into the Canadian market and shipped over 44,000 electric vehicles to Canada in 2023 - the last full year before 100% tariffs are imposed in 2024, the report said.

Other automakers are likely to follow quickly as the Canadian government looks to streamline the approval process.

As part of the agreement, Transport Canada will complete certification for new Chinese electric vehicles in just eight weeks, Bloomberg quoted a government official familiar with the deal who wished to remain anonymous.

A Geely spokesperson said the impact will vary by brand, but overall the change is a positive step.

BYD $1211 (+0,16%), the world's largest manufacturer of new-energy vehicles (NEV), currently has negligible sales in Canada, but its mass-market products will also benefit from the reduced tariffs, the report said.

The Canadian government announced in a statement last Friday that it had reached an agreement with China to allow up to 49,000 Chinese electric vehicles to enter the Canadian market annually at a most-favored-nation tariff rate of 6.1%.

Under this agreement, over 50% of these vehicles will be affordable electric vehicles priced under $35,000 CAD within five years, according to the statement.

BYD has been operating in Canada for over a decade, and the latest agreement will further boost its localization efforts in the country, Shenzhen TV reported on Saturday.

According to a new report in the Wall Street Journal, Ford is in $F (+0,05%) is in negotiations with BYD $1211 (+0,16%) to purchase batteries for some of its hybrid models.

Sources familiar with the matter said talks on the exact terms of the battery deal are still ongoing, but some indicated that Ford would use the batteries for hybrid vehicles sold outside the U.S.

Under the agreement, Ford would import BYD batteries to plants outside the U.S., possibly to Germany, Spain, Thailand, Turkey or other large overseas plants. However, according to the sources, there is still a possibility that the deal will not materialize.

A Ford spokesperson said, "We are talking to many companies about many things," but did not provide further details. BYD declined to comment.

The report follows Ford's announcement last month that it would discontinue the all-electric F-150 Lightning as part of a broader transition of its Ford+ plan.

Instead of large electric vehicles, Ford is focusing more on smaller, more affordable models with its low-cost universal EV platform. In the meantime, the company will fill the gap with new hybrid vehicles and extended-range electric vehicles (EREVs).

Ford will replace the electric pickup with an EREV version that uses both battery power and a gasoline engine that acts as a generator to keep the battery charged.

The company announced that it would incur losses of 19.5 billion US dollars as a result of the restructuring, about half of which was due to the discontinuation of the Lightning model.

Ford is nearing completion of its BlueOval Battery Park in Michigan, where it will license technology from Chinese company CATL for upcoming vehicles based on the UEV platform. The battery factory is scheduled to start production this year.

The first vehicle based on the UEV platform will be a mid-size electric pickup, which Ford says will start at around 30,000 US dollars.

At the Detroit Auto Show, which opened to the public on Thursday, Ford CEO Jim Farley said that following the success of the F-150 Hybrid, he wants to expand the company's hybrid and EREV lineup.

Electrek's opinion

It's no great surprise that Ford is turning to China's leading battery manufacturers. The company has already licensed CATL's technology for use in its Michigan battery plant, so a deal with BYD is a distinct possibility.

For Ford, this would help ensure a stable supply of batteries (outside the US) as the company plans to launch new hybrid and EREV models over the next few years.

Ford and BYD are no strangers to each other either. In 2020, Ford's joint venture in China, Changan Ford, began using BYD batteries in vehicles sold there. Since then, BYD has reportedly contacted Ford about supplying batteries for other markets.

While the US is pulling back, China is pushing new EV technologies, including next-generation batteries, advanced driver assistance systems (ADAS) and other related technologies.

China already dominates the global EV battery market. According to SNE Research, CATL and BYD alone accounted for over 50% of global sales last year.

According to data published by the South Korean market research company SNE Research, global consumption of EV batteries totaled 1,046 GWh from January to November, an increase of 32.6% compared to 788.9 GWh in the same period last year.

Installations of EV batteries from CATL $3750 (+0,2%) EV battery installations amounted to 400 GWh from January to November, an increase of 34.5% compared to 297.4 GWh in the same period in 2024.

The Chinese battery giant maintained its position as the world's leading supplier with a market share of 38.2% in this period, remaining the only battery supplier worldwide with a market share of over 30%.

This share is higher than the share of 37.7% in the period from January to November 2024 and also exceeds the share of 38.1% in the period from January to October 2025.

The EV battery installations of BYD $1211 (+0,16%) EV battery installations totaled 175.2 GWh from January to November, an increase of 31.3% compared to 133.4 GWh in the same period in 2024.

The company took second place from January to November with a share of 16.7%. Its share was 16.9% both from January to November 2024 and from January to October 2025.

LG Energy Solution $373220 installed 96.9 GWh of power batteries from January to November, an increase of 11.1% compared to the previous year.

The South Korean company retained its third place with a market share of 9.3% in the period from January to November, down from 11.1% in the same period of 2024, but unchanged from January to October 2025.

The Chinese company CALB $3931 took fourth place with an installed capacity of 50.9 GWh and a share of 4.9 %.

The Chinese company Gotion High-tech took fifth place with a share of 4.3%, while the South Korean company SK On (KR7096770003) took sixth place with a share of 3.9%.

Panasonic $6752 (-0,43%) from Japan, Eve Energy $CNFDSHIX6285 and Svolt Energy from China and Samsung SDI $0L2T (-3,73%) from South Korea took seventh, eighth, ninth and tenth place with market shares of 3.7%, 2.7%, 2.6% and 2.6% respectively in the period from January to November.

It is worth noting that Samsung SDI took eighth place with a share of 2.7% in the period from January to October, ahead of Eve Energy and Svolt Energy.

From January to November 2025, BYD's global expansion in the new energy vehicle (NEV) sector $1211 (+0,16%) in the field of new energy vehicles (NEV) continued to accelerate, underlining a clear and structured globalization strategy.

Mexico became BYD's largest overseas market with cumulative sales of 116,197 units, followed by Brazil and Belgium, which benefited from strong demand in Latin America and Belgium's role as a European hub.

Meanwhile, emerging markets such as Indonesia, Turkey, the United Arab Emirates and the Philippines recorded solid growth, supporting BYD's coordinated expansion in both mature and high-growth regions.

Here are the top 10 destination countries for BYD passenger car exports from January to November with detailed data:

》No. 1 Mexico: 44,802 battery electric passenger cars and 71,395 plug-in hybrid passenger cars were exported from January to November 2025, totaling 116,197 units.

》No. 2 Brazil: From January to November 2025, 47,188 battery electric passenger cars and 61,083 plug-in hybrid electric passenger cars were exported, totaling 108,271 units.

》No. 3 Belgium: From January to November 2025, 47,424 battery electric passenger cars and 39,118 plug-in hybrid electric passenger cars were exported, a total of 86,542 units.

》No. 4 United Kingdom: From January to November 2025, 32,206 battery electric passenger cars and 37,508 plug-in hybrid electric passenger cars were exported, a total of 69,714 units.

》No. 5 Indonesia: From January to November 2025, 65,304 battery electric passenger cars were exported, a total of 65,304 units.

》No. 6 Turkey: From January to November 2025, 22,852 battery electric passenger cars and 23,206 plug-in hybrid electric passenger cars were exported, a total of 46,058 units.

》No. 7 Australia: From January to November 2025, 33,518 battery electric passenger cars and 9,787 plug-in hybrid electric passenger cars were exported, a total of 43,305 units.

》No. 8 Spain: From January to November 2025, 17,645 battery electric passenger cars and 16,563 plug-in hybrid electric passenger cars were exported, totaling 34,208 units.

》No. 9 United Arab Emirates: From January to November 2025, 7,598 battery electric passenger cars and 26,572 plug-in hybrid electric passenger cars were exported, a total of 34,170 units.

》No. 10 Philippines: From January to November 2025, 4,278 battery electric passenger cars and 19,285 plug-in hybrid electric passenger cars were exported, a total of 23,563 units.

From a market perspective, Mexico has become BYD's largest foreign market, with plug-in hybrid electric passenger cars (PHEVs, 71,300 units) performing significantly better than battery electric vehicles (BEVs).

This largely reflects local demand for greater range flexibility on long-distance journeys and the convenience of conventional refueling.

As a gateway to the North American market, the increase in exports to Mexico also reflects BYD's strategic positioning within the regional supply chain.

It is worth noting that Mexico will increase tariffs on vehicles from China from 20% to 50% from January 1, 2026. In response to the impending policy change, BYD significantly increased shipments to Mexico towards the end of the year, pushing the market to the top of its overseas rankings.

Brazil followed closely behind, forming a two-track growth pattern driven by both battery electric and plug-in hybrid models. Sales of BEVs reached 47,188 units, supported by fleet renewal in the ride-hailing market and local incentives for new energy vehicles.

Meanwhile, sales of plug-in hybrids totaled 61,083 units, which are well suited to the needs of Brazil's long-distance transportation and serve as an important driver of market growth.

In Europe, growth is spread across several markets, with Belgium (86,542 units), the UK (69,714 units) and Spain (34,208 units) among the top ten.

Although Belgium is a small domestic market, it serves as an important logistics hub from which many vehicles are distributed to other European countries.

In Belgium, battery electric vehicles lead sales, reflecting the trend towards electrification in Europe, while the UK and Spain show a stable, balanced performance for BEVs and PHEVs.

Future growth will depend on network expansion, pricing and brand strengthening.

Indonesia leads BYD's exports in Southeast Asia with 65,304 BEVs and is an example of the rapid growth of the local BEV market, driven by government incentives and fleet renewal by ride-hailing and cab companies.

In contrast, the United Arab Emirates and the Philippines are showing stronger demand for plug-in hybrids than for pure electric vehicles, reflecting local fuel prices, road conditions and user preference for multi-energy adaptability. Overall, BYD's vehicle lineup shows strong cross-market adaptability and effectively adapts to the different energy structures and usage scenarios of different countries.